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Economic Growth

Ho
me

In
troducti
on

Fo
reign
Invest
ment
and
Econom
ic
Growth

Ge
nder
Equalit
y and
Econom
ic
Growth

Ed
ucation
and
Econom
ic
Growth

Ca
se
Study:
India
versus
United
States

Being a developing country, India is not as economically prosperous as the United States. In
this case study, we will observe factors of economic growth that allow the United States to be
more developed and are being implemented by India in an effort to achieve economic progress.
Figure 2 compares the purchasing power of the worlds five largest economies. Both the
United States and India are projected to increase their purchasing power by 2020.
Furthermore, India is shown to experience a relatively significant increase in purchasing power
compared to the other countires; this is exemplified by the fact that even though India's
purchasing power is less than that of Japan in 1995, India is expected to have equal purchasing
power as Japan by 2020.India must be implementing certain factors , such as foreign
investment, that allow for an increase in purchasing power and, thus, economic growth.
Figure 2. Comparison of the purchasing power of the five largest economies GDP. (dollars)
("Pruchasing").

Co
nclusio
n

W
orks
Cited

Figure 3 illustrates that while fluctuations are observed when comparing increase in
education and economic growth, it can be concluded that an increase in education in India has

led to positive economic growth. Thus, India has implemented an increase in education in
order to create prosperity.
Figure 3. Comparison of the increase in education and economic growth from 1998-2007.
(percent) ("Comparison").

Even though education has increased in India, literacy rates continue to act as an economic
deterent. Figure 4 compares growth domestic product (GDP) and literacy rates for the United
States and India. While both countries have high GDP, the monetary value of GDP for the
United States is considerably higher than that of India. Figure 4 illustrates literacy rates for
males and females in the United States and India. In India, 47% women literate and 70% of
the males are literate. In the United States, equal literacy rates exist for men and women, with
97% of both genders being literate. Lower GDP values for India could be caused by the unequal
literacy rates between males and females that continue to persist in India, suggestive of the
need to implement gender equality to achieve economic growth.
Figure 4. Comparison of GDP and literacy rates of the United States and India.

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