Question
H ii could you please help me with the following? like always i am super behind in this class and i need all the help
Hii could you please help me with the following? like always i am super behind in this class and i need all the help could get :( I included what i previously submitted for this project. Could you also include the reference for the information you provided? thank you so so much!!!!
This week, the project consists of finding at least two different current-news articles related to the country you selected. The articles have to be no older than three months and must be related to the economy of the country. Explain how the articles are consistent with your own findings. Relate the articles to any of the concepts discussed during the previous weeks: GDP, inflation rates, unemployment, government monetary policies (money supply, exchange rates) or fiscal policies (taxes, government spending), international trade (trade balance, exchange rates), production, economic growth, etc.
India is the nation that I have decided to look into further. The Arabian Sea, the Bay of Bengal, and the Indian Ocean all serve as India's natural borders to the west, south, and east of the country, respectively. India may be found in South Asia. As of 2022 India has a population of 1.417 billion people and it is expected to rise to 1.515 billion in 2030, with the primary ethnic groupings being Indo-Aryan, Dravidian, Mongoloid, and other. In terms of socio-demographic facts, India has a population of 1.35 billion people. In addition to Hinduism, Islam, Christianity, Sikhism, Buddhism, and Jainism are some of the main faiths practiced in India. In terms of financial data, India's gross domestic product (GDP) is estimated to be $2.8 trillion, and its GDP per capital is $2090. Textiles, clothing, leather products, petrochemicals, electronics, software, and engineering goods are some of the most significant commodities and services that are produced in India. Crude oil, equipment, jewels, chemicals, and agricultural items are among India's most important sectors of imports and exports, respectively. The Indian Rupee is the country's official and primary currency. In conclusion, India is a federal republic, and it is a member of major international organizations such as the United Nations, the International Monetary Fund, and the World Bank. Additionally, India is a member of major regional organizations such as the South Asian Association for Regional Cooperation, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, and the Association of Southeast Asian Nations (ASEAN).1. According to the World Bank, the GDP of India in 2020 was $2.7 trillion, while that of the United States was $21.06 trillion. Regarding GDP per capita, India had $1 910 in 2020, while the United States had a value of $63,530. All values are in current US dollars. These values are based on PPP. 2. The higher GDP per capita in the United States suggests that, on average, people in the United States have a higher standard of living than in India. However, comparing the standard of living between countries is not solely dependent on GDP per capita, as other factors such as income inequality, healthcare, education, and other social indicators also play a role. 3. The most recent inflation rate in India, as of January 2022, was 5.4%. In the United States, the most recent inflation rate, as of January 2022, was 7.5 %. Therefore, the inflation rate in India is currently lower than that of the United States. 4. According to the Ministry of Finance, the most recent growth rate of the Indian economy, as of 2021, is 8.7 %. The most recent growth rate of the US economy, as of 2021, is 5.9%. Therefore, the Indian economy is currently growing at a faster rate than the US economy. 5. The recent economic growth in India can be attributed to various factors, including government initiatives such as the Make in India campaign, increased foreign investment, and infrastructure improvements. However, the COVID-19 pandemic has also impacted the economy, causing a slowdown in some sectors. Additionally, the Indian economy faces challenges such as income inequality and a large informal sector that may limit growth in the long term.Font Paragraph 1.According to the World Bank, as of 2021, India's unemployment rate is estimated to be 7.4%, which is higher than the United States' unemployment rate of 4.6% as reported by the Bureau of Labor Statistics in December 2021. However, it is worth noting that comparing the unemployment rates of two countries can be complex due to differences in methodologies and definitions. 2. The official currency of India is the Indian rupee (INR). As of February 25th, 2023, the exchange rate between the US dollar and the Indian rupee is approximately 1 USD = 76.33 INR. The Indian rupee has a floating exchange rate, which means that its value is determined by the market forces of supply and demand. 3. India's main trading partners are China, the United States, the United Arab Emirates, Hong Kong, and Saudi Arabia. Foreign investment is important for India, as it has been a major driver of economic growth in recent years. According to the United Nations Conference on Trade and Development (UNCTAD), India was among the top 10 recipients of foreign direct investment (FDI) in 2020. However, India has a trade deficit, meaning that its imports are higher than its exports. As per the World Bank, exports accounted for around 20% of India's GDP in 2020. 4. Based on the available data, India is currently facing some economic challenges such as high inflation, unemployment, and a trade deficit. However, the country is also experiencing growth in certain sectors, such as technology and services. The government has taken several measures to address these challenges, such as increasing infrastructure spending and implementing reforms to attract foreign investment. The IMF has projected that India's economy will grow by 9.5% in 2022, which indicates that the country is still on a growth trajectory despite the challenges. However, as with any economy, there are risks and uncertainties, and it remains to be seen how India's economy will perform in the futureStep by Step Solution
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