Australian Vs Indian Economy

Resource Description

The Similarities and Differences between the Australian and Indian Economy

Intro: Economic Development refers to the progression in an economy which includes an increase in living standards, development of human capital, increasing the literacy ratio and increasing the general welfare of citizens. India and Australia are both emerging economies. Whilst India experienced exponential growth after economic liberalisation, Australia experienced rapid growth from the mining boom. Two economies can be compared by focusing on the level of development, such as economic growth, quality of life, unemployment rate, environmental sustainability and the role of the Government in the provision of health care, education and welfare.