Not only in the World Cup, Australia defeats India here also, this is the proof. - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Sunday, October 8, 2023

Not only in the World Cup, Australia defeats India here also, this is the proof.

Apart from cricket, Australia also seems to have the upper hand on many important fronts of economy between India and Australia. Be it inflation or public debt. Kangaroo figures are better than India. Now it remains to be seen whether Team India wins today or Australia wins.

The World Cup has started. Today there is an important match between India and Australia in Chennai. Today Team India is going to make its debut in the match against Australia. From today's match, every Indian would be hoping that India defeats Australia in its first match. Whatever happens in today's match, if we look at the old statistics of India and Australia in the World Cup, then Australia seems to have the upper hand. In the World Cup match between India and Australia, India has won 4 times, while Australia has won 8 times.

This is what happened on the cricket field. Now let us inform you about the economy of both the countries. Australia also seems to outperform India on many fronts of economy. If you look at the report of CIA World Factbook, it will become clear to you why we are saying this.

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What is the condition of inflation?

According to the report of CIA World Factbook, India is behind Australia on the inflation front. Australia's June PPI year on year is 3.9 percent. Whereas in India the CPI overall index in August 2023 was 6.9 percent. Meaning, inflation is less in Australia as compared to India. Talking about unemployment, India is far behind on this front compared to Australia. Australia's unemployment rate is 3.9 percent. This is the figure for the first quarter of the year 2023. Whereas the unemployment rate in India is around 5.2 percent.

This is the condition of public debt

Public debt i.e. government debt is very important for any country. If we talk about India and Australia on this front, Australia has a public debt of $947,919 million which is 57.58 percent of the GDP. If we talk about India's public debt, it is 2,667,809 million dollars. Which is more than 84.68 percent of GDP. These figures of both the countries are for the year 2021.

Who dominates whom on the GDP front?

GDP is the most important factor for the economy of any country. Talking about Australia's GDP, it was $1,701,893 million in the year 2022. Whereas India's GDP in the year 2022 will be 3,386,403 million dollars. Talking about GDP per capita, Australia's per capita GDP will be $66,049 in the year 2022. Whereas India's was only 2,406 dollars.

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