Some Scary Statistics: Comparison with india

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This has reference to my post yesterday. One reader commented that it would be educative to know comparative statistics of India and the United States to make out the difference. I thought that was a fair request. Hence, I did some quick research from the CIA Factbook and got quite a few comparisons between India and the US. The results are given below. Note especially the Foreign Exchange and Gold Reserves position and the Gini Index that shows income inequality to be more pronounced in the US than in India. Moreover, in India, there is no statistic equivalent to the mountain of $649 Trillion of currency derivatives exposure in the US, because such derivatives are not allowed in India. This is the reason India got off lightly in the credit meltdown, and the US is still struggling to cope with the impact of unwinding of this mountain of exposure.

Parameter	USA	India
GDP per capita (PPP) (2009 est)	$46,400	$3,100
GDP Real Growth Rate (2009 est)	-2.40%	6.50%
Unemployment Rate (2009 est)	9.40%	10.70%
External Debt (US – 30 Jun 2009; India – 31 Dec 2009 est)	$13.45 Trillion	$223.9 Billion
Public Debt as % of GDP (US: Mar 2010@; India: 2009 est)	89.10%	59.60%
Distribution of Family Income (Gini Index: 0=no inequality; lower = less unequal) (US – 2007; India – 2004)	45.0	36.4
Stock of Money (M1) (US: Dec 2008; India: Dec 2009)	$1,436 Billion	$279 Billion
Stock of Quasi-Money (M2) (US: Dec 2008; India: Dec 2009)	$10,990 Billion	$853 Billion
Stock of Domestic Credit  (US: Dec 2008; India: Dec 2009)	$15,060 Billion	$1,000 Billion
Reserves of Foreign Exchange and Gold # (India - 31 Oct 2009: India’s World Rank: 4th behind China, Russia and Taiwan)	-$3,588 Billion	$287.5 Billion

# Calculated from www.usdebtclock.org as sum of US External Debt and US Gold Reserves. 
@ Taken from www.usdebtclock.org   
All other data taken from the CIA Factbook.
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