A deficit happens when a country's Import bill :
is bigger than its earnings from Exports !
Samjay ? :-\
is bigger than its earnings from Exports !
Samjay ? :-\
but also indicates that it may need to borrow more money.
Spending more than you Earn
A widening deficit not only puts a strain on the nation's foreign exchange reserves :
but also indicates that it may need to borrow more money.
but also indicates that it may need to borrow more money.
or at home....
it's when you spend more money shopping
than you earn!!
it's when you spend more money shopping
than you earn!!
Leading businessman Ratan Tata's comment that India has "lost the confidence of the world" after the rupee's sharp depreciation
is making headlines in newspapers today !
![[Image: _69533046_tatamainpic-afp.jpg]](http://news.bbcimg.co.uk/media/images/69533000/jpg/_69533046_tatamainpic-afp.jpg)
is making headlines in newspapers today !
India's central bank says it will sell US dollars to three state-run oil firms :
as it looks to stem the decline in the Indian rupee. :-[
as it looks to stem the decline in the Indian rupee. :-[
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