Saved Bookmarks
| 1. |
If British pound becomes costlier in terms of foreign currency, is it good or bad for growth of Indian economy? Give reasons. |
| Answer» Solution :It is good in one aspect because purchasing power of British pound in Indian MARKET will INCREASE. Britishers will increase IMPORTS from India leading to rise in India's exports which is beneficial for Indian economy. At the same TIME it is bad also because imports of capital goods from UK will become EXPENSIVE. | |