Period+4+India+and+China

 China is rich as a nation with GDP of over 4 trillion. Ranking top 5 in the world. India's GDP is about a quarter of Chinas. It is just over one. The US has a GDP of over 14 trillion comparitively. Both India And China have large growth rates of their GDP.India has a growth rate of 7.09 % and China has one of 9%. China and India are both developing countries. The disposable income of each urban resident reached 5,854 yuan in 1999, up 1,571 yuan over 1995, an annual average rise of 5.6 percent.The net income of each rural resident climbed to 2,210 yuan in 1999, 632 yuan more than 1995, up 5.4 percent annually in average. Chinese urban residents spent 6,651 yuan per capita in 1999, moving up 1,777 yuan over 1995, an annual average rise of 6.1 percent.Each rural resident spent 1,973 yuan in 1999, jumping 539 yuan over 1995, up 5.7 percent annually in average. The total deposit of Chinese people soared from 1995's 2,966.2 billion yuan to 1999's 5,962.2 billion yuan. As of 2005, 85.7% of the population lives on less than $2.50 (PPP) a day, down from 92.5% in 1981. the per capita PPP-adjusted GDP for India was US$2,659. These figures can be compared to $5,962 f == or neighbouring China. With one of the fastest growing economies in the world, clocked at an average growth rate of 8% between 2004-2005, India is fast on its way to becoming a large and globally important consumer economy. The Indian middle class, estimated to be 300 million people by Indian standard (but much lower by European or North American standard), is fast becoming used to Western culture media type="google" key="321692933331364929&ei=M6EfS5vtJYaclAfq7bDlCQ&q=india+poverty&hl=en" width="320" height="260"

- Outsourcing - to obtain goods or services from an outside source. - //dictionary.com// - Outsourcing is subcontracting a service, such as product design or manufacturing, to a third-party company, The decision whether to outsource or to do in house is often based upon achieving a lower production cost, making better use of available resources, focusing energy on the core competencies of a particular business, or just making more efficient use of labor, capital, information technology or land resources – //wikipedia.com//- The United States’ role in outsourcing is obtaining their products from companies usually China or India. - China’s role in outsourcing usually making products for the United States companies. - India’s role in outsourcing is also usually making products for the United States companies.

- G20 - The G-20 was formed in 1999 to give developing nations more of a voice in forming the global economy. – //about.com//

- G8 – The G8, Group of 8, is a forum, created by France in 1975, for governments of the six richest countries in the world: France, Germany, Italy, Japan, the United Kingdom, and the United States. – //wikipedia.com//

- The United States role in the G20 is one of the leading industrialized nations. The United States is also part of the original G8.

- China is one of the smaller, emerging market counties in the G20. It is not a part of the original G8.

- India is also one of the smaller, emerging market countries in the G20 and not a part of the original G8. [] [] [] [] []