Suppose, following data is presented, for an imaginary economy: (all figures in ₹ ‘000 Crore)
|Year||Visible Exports||Visible Imports|
Identify, which of the statement about the period 2010 to 2020 is correct?
- Improvement in balance of trade
- Increase in trade deficit
- Improvement in balance in invisibles items
- Deterioration of balance of trade
a. Improvement in balance of trade