US economy growing at 3.5% this quarter

The US economy for the 2nd quarter (July - September) has grown by 3.5% which is a remarkable achievement in these tight times. The most important thing is that the these figures have exceeded the market expectations.

Obama has said that, "We've got a long way to go to fully restore our economy" which is a very humble statement. Japan, France, Germany had already come out of recession in the last quarter itself, though UK is still in recession.

US Economy in April - June : 0.9% growth
US Economy in July - Sept. : 3.5% growth

Very encouraging signs. But the job market in US hasn't improved though. This has created lots of confusions in the minds of market analysts. Hmmm... Hope things really improve much more.

India vs Singapore

Now let's see how India performs against Singapore.

vs

SINGAPORE -

It's a US $181bn economy. Pretty impressive for a country the size of Singapore (Hurray... It's more than that of Pakistan's)
Famous for education, tourism and multi-cultural activities, variety of food
Per capita income of a whopping US $51,226 (Wow... More than US. Cool !!!)
Population - 4,987,600. (Because of the immigrant population)
Popular for F1 race too. (Night race)

Aim :

• Has a vision of making it the world's number one tourist destination
• To make Singapore a haven

Verdict :

Singapore might be economically too ahead of India but is too small and defense wise is no match for India. So, India wins when it comes to national security but people in Singapore are far more happier than those in India. So, mathematically, Singapore wins.

Also visit -
http://theextremists.blogspot.com/2009/08/india-vs-rest-of-world.html
http://theextremists.blogspot.com/2009/09/india-vs-sri-lanka.html