Using four or more complete sentences discuss two similarities and two differences between the economics of India and singapore

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Explanation:

INDIA is a nation located in Asia. It has one of the fastest growing Economy in the world.

The Economy of India is a developing Economy. INDIA is the world's fifth largest Economy by nominal GDP and in using the IMF Declaration on a per capital income basis, the Economy of India ranked 139th by GDP in using nominal and in using PPP, the Economy of India is the 118th in the world

The main Sources for the Economy of India are agriculture, handicrafts, services and manufacturing industries. India is a mixed Economy

The Economy of Singapore is know as a develop free market Economy, ranking as the most open place for establishing business. In terms of purchasing power parity (PPP), the nation is ranked as the third largest per capital GDP in the world. The Economy of Singapore is very stable and a high incorrect Economy

The Economy of Singapore depends on it Exports of Electronics, chemicals and services

The similarities between the two countries in there Economies is that Both Economies largely depends on it Exports of Goods to other countries and both countries greatly depends on services. India is also developing into an open market Economy while Singapore is an open market Economy

The major difference between the two countries is that Singapore maintain a highly uncorrupted society in there nation but India is widely know for corruption.

The unemployment rate in India is much worse than Singapore.

India and Singapore are both places in Asia. While they share the same continent, they have their similarities and their differences. India has a developing economy, meaning that most of the population works in the agriculture sector, but is starting to shift more towards the Industry sector. Singapore, however, is a developed economy, with most of its population taking part in the service sector. Another difference between the economies is the challenges they face. India is facing a high level of poverty, with most of its population without a well paying job, or without a job all together. Singapore, on the other hand, is facing a shortage of workers. Most of the population is aging, and workers are retiring. Similarities are that both economies include the manufacturing sector within their economies, and that both economies have a private sector.

Explanation:

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