Economic Reforms
PART 3: ECONOMIES - THEIR SIMILARITIES AND DIFFERENCESRESEARCH ASSIGNMENT: INDIA AND AUSTRALIAIndia has a total area of 3,287,590 sq km. It has a population of 1,049,700,118 people. Its natural resources include coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, titanium ore, chromate, natural gas, diamonds, petroleum, limestone, arable land and much more. India is a federal republic.India's purchasing power parity (PPP) is a staggering $2.664 trillion. India has the 5th highest PPP in the world, whereas Australia ranks 17th. The PPP's of these two countries indicate that India has a much more stronger economy and is more well off as a nation. India's GDP real growth rate is 4.3%; this is a significant annual increase from an economic perspective. This has been achieved through the success of traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of support services. India's GDP per capita is $2600; this is much lower than the Australian GDP per capita. India has a much lower GDP per capita than Australia because it has a huge population of over one billion people. India ha
Clearing for agricultural purposes is threatening the natural habitat of many unique animal and plant species. , not in purchasing power parity (PPP) terms. Environmental Quality:There are several environmental issues in India such as deforestation, soil erosion, overgrazing, desertification, air pollution from industrial effluents and vehicle emissions, water pollution from raw sewage and runoff of agricultural pesticides. Australia's import commodities include machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products. The human development index is derived through two leading factors, which are literacy and health factors. The Great Barrier Reef, the largest coral reef in the world, is threatened by increased shipping and its popularity as a tourist site, this has resulted in limited natural fresh water resources. The statistics above indicate that Australia as a whole is a much higher human development; this is justified by its HDI rank. com/encyclopedia/Economy-of-Indiahttp://www.
Common topics in this essay:
Trade India's,
Environmental Quality,
Death Rate,
GDP Australia,
Life India,
Unemployment India,
Australian GNP,
Income Gini,
AUSTRALIA India,
India's GDP,
labour force,
death rate,
machinery transport,
transport equipment,
machinery transport equipment,
commodities include,
transport equipment computers,
machines telecommunication,
telecommunication equipment,
equipment crude,
crude oil,
petroleum products,
include machinery transport,
equipment computers office,
commodities include machinery,
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