Infographic: U.S. vs. India
Click to enlarge.
Mint.com -- India’s history, geography, religious and ethnic makeup, and culture are vastly different to the US and yet the two countries maintain a close relationship. Our infographic is designed to provide an at-a-glance view of the most important economic dimensions of the US and India and a few less important but fun ones too. Hence the lack of scale or numbers. In order to help compare and contrast the economic differences, we have simplified the data from the CIA World Factbook and Nationmaster.com . For the exact numbers in any category, check here and here.
5 Comments:
This seems to indicate the signs of a Third World country.
India’s history, geography, religious and ethnic makeup, and culture are vastly different to the US and yet the two countries maintain a close relationship
Only as a jobs funnel.
To clarify:
This seems to indicate the signs of a Third World country.
I am referring to India.
Hey, let's keep it a nice, clean game there.
Kicking ass in my books is blowing the wheels off the argument.
Sethstorm,
Are you seriously suggesting that the largest economy in the world, the most powerful superpower, a country with phenominal natural resources and the world's leading innovator is unable to compete with a developing nation with a predominantly agrarian economy? Seems to me that the U.S. has been competing successfully for over 200 years with pretty much all comers.
It must suck to be you.
the two countries maintain a close relationship
This isn't true. India has been a socialist nation with close ties to the Soviet Union for many years.
Only since the collapse of the Soviet Union did they even try to forge better relations with us, and mostly that was for outsourcing business. We are India's largest trading partner and we are the greatest source of India's foreign direct investment. When I say "we" I mean American businesses, not our government.
Their fear of China and muslim extremism have moved them closer to us since the 1990s, but I would never go so far as to say they are close allies. They firmly resent our base in Diego Garcia and our involvement in both the Afghanistan and Iraq Wars. They are even more incensed about our military assistance to Pakistan.
They are closer to the European social welfare states from an ideological standpoint.
I don't know why people scream at India when they talk about jobs and outsourcing (I was disgusted to see some comments to this post from learned readers of Carpe Diem). Check these facts:
Infosys and Wipro offer services in US. But companies like PWC and IBM offer services in India. The magnitude of services offered by US companies in India is more than what Indian companies offer in US. According to Office of the US Trade Representative “Sales of services in India by majority U.S.-owned affiliates were $4.2 billion in 2006 (latest data available), while sales of services in the United States by majority India-owned firms were $3.1 billion.”
FDI Flows from US to India is to the tune of $10.6 Billion (net flows). Again this is because companies like Pepsi and HP want to tap the local market with their product and services.
U.S. goods and services trade with India totaled $61 billion in 2007 (latest data available). Exports totaled $27 billion; Imports totaled $34 billion. The U.S. goods and services trade deficit with India was $7 billion in 2007.
US goods and services trade with China totaled $410 billion in 2007 (latest data available). Exports totaled $79 billion; Imports totaled $330 billion. The U.S. goods and services trade deficit with China was $251 billion in 2007. Here is my interpretation on this: Trade Deficit with China is 61% of the total trade. This is outrageous. Trade Deficit with India is 11.5% of the total trade. It isn't huge from either in percentage terms or in absolute dollars. It's about 3% of the trade deficit that US has with China. For that matter, US might have more trade deficit with atleast 10 contries than what it has with India (more research needed).
I see people scream at India when they discuss about Jobs and develop hatred towards it – but the trade deficit is just 11.5% ;
Take a trip to India and see how US Corporations are selling their goods and services – In every sector - Pfizer, Boeing, GM, Caterpiller, J&J, Citi Bank, HP, IBM, Accenture just to name a few. Indians never scream at US companies.
And coming to the topics outside trade, India is a non aligned nation. By principle they do not want to take sides - with USSR or USA. And India has a relationship with every nation in the world, and it's relation is defined on a case-to-case basis. There is no de facto support on all issues - like US offers to Israel.
And check your tone of discrimination when you use the word - 'thrid world'.
Source:
http://www.ustr.gov/countries-regions/south-central-asia/india
Disclosure: I am an Indian born, currently living in United States.
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