Liquid Gold Research Paper Example | Topics and Well Written Essays - 2750 words

Liquid Gold - Research Paper Example On the other hand, the United States of America is a federal republic made of fifty (50) states and a federal district; the federal district of Washington, D.C and the 48 contiguous states. The capital is Washington, D.C. The nation has 5 populated and 9 unpopulated territories in the Caribbean, as well as the Pacific. It has a population of 317 million people living in the 3.79 million square miles. The US is regarded as fourth largest nation by total area, and third largest by population (Berkin et al., 2013). The Indian economy is the eleventh largest in the world basing on the nominal gross domestic product. In relation to purchasing power parity, it is the third largest in the entire globe (Government of India, 9). In 2014, the purchasing power parity has been estimated to $5.302 trillion with per capita income being $4, 209, while the nominal GDP has been estimated to be $1.842 trillion with per capita being $1,389 according to the International Monetary Fund (IMF). As of 2011, the 486.6-million Indian labor force is considered as the globe’s second largest. The service sector makes up of 55.7 percent, agricultural sector 18.2 percent and the industrial sector 262 percent of the total economy. Following the 1991 market-based economic reforms, the republic of India has become one of the fastest growing major economies. It is regarded as a developing nation on the verge of being industrialized. However, the nation is still faced with challenges of corruption, poverty, inadequate public healthcare and malnutrition. India has the largest number of individuals that live below the World Banks international poverty line of $1.25 per day. Besides, an estimated 44% of Indias children who are under the age of 5 years, with half of them suffering from chronic malnutrition in the states of Uttar Pradesh, Andhra Pradesh, Mandhya Pradesh, Bihar, Haryana and