ECO-21:Open Economy|International Trade,Balance of Payments, Capital Flows & Exchange Rates|Dr.Nazma

Explore the Open Economy in this Civils+ IAS session by Dr. Nazma. The lecture introduces the key concepts of an open economy and examines India’s integration with the global economy through international trade, balance of payments, capital flows, and exchange rate regimes. It also covers the relationship between domestic and global markets and the role of macroeconomic policies in managing external economic challenges. The session is designed for Civil Services aspirants to build a clear understanding of India’s external sector and its significance for economic growth, stability, and global economic linkages.