Which one of the following measures is NOT likely to aid in improving lndia 39 s balance of payment ...........

General Knowledge (CLAT) Economy

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Which one of the following measures is NOT likely to aid in improving lndia's balance of payment position?

Promotion of import substitution policy

Devaluation of rupee

Imposition of higher tariff on imports

Levying the higher duty on exports

Explanation:

if you will levy tariffs on export goods it will directly affect yours import export ratio thereby in balancing your Balance of payment position(BOP).
According to a survey"The development in India's trade and payments over the past five years shows a noticeable structural change towards more stable payment method." During post-liberalization periods there has been a sharp improvement in coverage of imports payment through export earnings.