America and India
Developing nation means the countries in contrast to the developed countries possess lower amount of development of the economic and social aspects. Developing countries have a vast territory, significant population, vast market and rich organic resources. There are many strategic areas, in terms of financial, trade, or from the military, occupied an important strategic situation. China is the biggest developing region. Developed nation Refers to a higher level of economical development, the technology is far more advanced countries with larger living standards, also known as the industrialized countries, countries with high economical development.
As a lifestyle and country mixed nation, huge impact of America in the financial, political, technological, military, entertainment and many other areas have led the world which makes America become the world's only superpower currently. The United States features abundant mineral resources which includes gold, essential oil and uranium, however , lots of the energy source are dependent on foreign imports. The United States also offers a well-developed tourism sector, ranking third in the world.
India Positioned in southern Asia which is the biggest South Cookware subcontinent features diversity and rich culture and tourism resources. India is one of the speediest growing countries in the world, nonetheless it is also incredibly unbalanced distribution of cultural wealth in developing countries. India is just about the overlord from the software sector exports, fund, research, and technical companies and will also become an important global exporter.
GROSS DOMESTIC PRODUCT of America
GDP means gross household product
Through this figure, you observe that the GDP of America in the year 2003 was almost 10500 billion dollars and during 2003-2009, fashionable of GROSS DOMESTIC PRODUCT growth elevated steadily via 10500 billion dollars to almost 14200 billion dollars. However in 2010, it lowered to 14000 billion dollars due to the recession. Between 2010 and 2012, the GROSS DOMESTIC PRODUCT of America raised again and come to to the greatest GDP regarding 15000 billion dollars.
GROSS DOMESTIC PRODUCT of India
The characters of the GROSS DOMESTIC PRODUCT of India are the exactly like the figures of the America. Inside the 2003, the GDP of India was 500 billion dollars and it increased steadily in 2003-2007. Among 2007 and 2008, the GDP of India travelled up speedily while lowered in 2008-2009. In 2009-2012, India provides a clipping raising trend. In the 2012, the GDP of India offers raised to 1900 billion dollars dollars.
Saving account of America
Current account means an account of credits, debits, receipts, and expenditures among two persons or corporations, usually featuring for settlement at the end of specified accounting periods. [pic]
In the desk, we can see the fact that current account of America is always the negative numbers. The newest current account deficit equivalent to the 117. 40 billion of dollars inside the half of 2012. The current consideration of the quarter of 2006 is the worst deficit for 214. 54 billion us dollars. During the complete year, the trends of current account are generally not specific, nevertheless the overall trend between 2007 and 2010 decreased. The lowest current account deficit is 84. 45 billion dollars dollars. However in the 2010-2012, the deficit increased.
The present account of India
(reference: http://www.tradingeconomics.com/india/current-account) The determine of India current account differs from the number of America. In the second quarter of 2009, India currently paid for surplus 4. 747 billion dollars dollars. The cheapest deficit of India is usually 1 . 526 billion us dollars in 2008. The overall pattern is the increase in the shortage and in 2012, the worst deficit by 21. 7 billion us dollars. GNI of America
GNI means major national cash flow