Comparison of economic growth and development of Indian

economy and American economy

Members: Shunhangi Sinha 46

Shubhendra Mokal 47
Shwetha Subramanian 48
Mrinal Sinha 49
Sneha Ramachandran 50
 Indian Economy
It is the 6th largest growing economy.
Major 3 sectors:
Agriculture
Services
Manufacturing
GDP: 7.8% IN FY 2016-17
Ranks 2nd in farm output
Over 3100 technology start-ups in 2014-15
Retail market: $600 Million
One of the fastest growing economy in E-Commerce.
Challenges faced in India
Poverty
Urban Rural divide
Population explosion
Lack of education
Unemployment
Inflation
 USA Economy
World's largest single national economy.
Goods and services form the largest sector in USA economy
GDP:
5th largest of globe(Nominal)
10th largest (Purchasing Power Parity)
Global GDP:22% of USA economy
As per 2015, estimated GDP is $17.914 trillion
Ranked 1st in IT industry
Worlds 3rd largest producer of oil and natural gas
Total trade in 2012: $4.93 T
Consumer spending is 71% of the USA economy in 2013
and increased gradually.
Challenges faced in USA
Fall of import and exports
Unemployment.
Collapse of investments
Factors affecting both the
economies
Population
Technology
Corruption
Political factors
Government intervention