How is Indian economy related to american economy ?

Question

i mean how is economy interdependent...

Answer 1

one word globalisation

today most economies are dependent on each other for different purposes and if even one economy broke down each economy would suffer like what happened after first world war when USA's economy broke down,whole europe suffered then.

Answer 2

quite bad...

though...american economy is gettin weak...

so...hopefully by 2020 India could be the the king, if it continues to grow in this pace...

Answer 3

As we know that countries depend on other countries for factors of production (Land, Labour, Capital etc) and other resources on each other.Globalistaion is a process of combination of economic, technological, sociocultural and political forces.Globalisation is very often used to refer to economic globalisation, that is integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.Thus the world becomes one market and so price changes in one country  affects all countries. Hope this answers your question. :)