Charts: Data on Invisibles Shows Rupee Could Get Much Weaker India imports a lot of goods, but we tend to make it up with two things: Service exports and inward remittances. (We don’t make all of it up, but yes, that’s a good chunk) These make up most of the “invisibles” in India’s trade. Invisible, as in not visible in ports and trading points, because it’s all virtual. Such as software – they can’t track when you export software, but you get paid for it (Versus if you buy an iPhone, it appears at a port somewhere). The rest of this content is only available to premium members. Register for a premium membership today ! Apart from this content you will get our proprietary research and weekly newsletter too! Already a subscriber? Log in now !… (Read On…)
[via Capital Mind]
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