Induced drag is the drag incurred as a result of production of lift. Higher angles of attack which produce more lift also produce increased induced drag. In rotary-wing aircraft, induced drag decreases with increased aircraft airspeed. The induced drag is the portion of the total aerodynamic force which is oriented in the direction opposing the movement of the airfoil. Think of it as lift which is in the wrong direction .
Parasite drag is the drag incurred from the nonlifting portions of the aircraft.
It includes the form drag and skin friction associated with the fuselage, cockpit, engine cowlings, rotor hub, landing gear, and tail boom to mention a few. Parasite drag increases with airspeed. Parasite drag goes up at an increasing rate at airspeeds above the midrange. At a hover, or at lower airspeeds, induced drag is highest. It decreases as airspeed increases and the helicopter moves into undisturbed air.