America and India
Developing country means the countries compared with the developed countries have lower degree of development of the economic and social aspects. Developing countries have a vast territory, large population, vast market and rich natural resources. There are many strategic places, in terms of economic, trade, or from the military, occupied an important strategic position. China is the largest developing country. Developed country Refers to a higher level of economic development, the technology is more advanced countries with higher living standards, also known as the industrialized countries, countries with high economic development.
As a culture and nation mixed country, huge influence of America in the economic, 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 has abundant mineral resources including gold, oil and uranium, however, many of the energy supply are dependent on foreign imports. The United States also has a well-developed tourism industry, ranking third in the world.
India Located in southern Asia which is the largest South Asian subcontinent has diversity and rich culture and tourism resources. India is one of the fastest growing countries in the world, but it is also extremely unbalanced distribution of social wealth in developing countries. India has become the overlord of the software industry exports, finance, research, and technical services and will also become an important global exporter.
GDP of America
GDP means gross domestic product
In this figure, we can see that the GDP of America in 2003 was nearly 10500 billion dollars and during 2003-2009, the trend of GDP growth increased steadily from 10500 billion dollars to almost 14200 billion dollars. However in 2010, it decreased to 14000 billion dollars due to the economic crisis. Between 2010 and 2012, the GDP of America raised again and reached to the highest GDP about 15000 billion dollars.
GDP of India
The figures of the GDP of India are the similar to the figures of the America. In the 2003, the GDP of India was 500 billion dollars and it increased steadily in 2003-2007. Between 2007 and 2008, the GDP of India went up rapidly while decreased in 2008-2009. In 2009-2012, India has a clipping increasing trend. In the 2012, the GDP of India has raised to 1900 billion dollars.
Current account of America
Current account means an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods. [pic]
In the table, we can see that the current account of America is always the negative numbers. The latest current account deficit equivalent to the 117.40 billion of dollars in the half of 2012.The current account of the quarter of 2006 is the worst deficit at 214.54 billion dollars. During the whole year, the trends of current account are not specific, but the overall trend between 2007 and 2010 decreased. The lowest current account deficit is 84.45 billion dollars. However in the 2010-2012, the deficit increased.
The current account of India
(reference:http://www.tradingeconomics.com/india/current-account) The figure of India current account is different from the figure of America. In the second quarter of 2009, India currently accounted surplus 4.747 billion dollars. The lowest deficit of India is 1.526 billion dollars in 2008.The overall trend is the increase in the deficit and in 2012, the worst deficit at 21.7 billion dollars. GNI of America
GNI means gross national income
Please join StudyMode to read the full document