Write Text to Follow Path Anticlockwise

Hi,

To expand on what Mike said:

In Illustrator:

• Draw the circle and type the top text. I started at the bottom center and chose center alignment.
• Duplicate the layer and hide it.
• On the duplicate, edit the text to the bottom text. Grab the widget (in yellow box) with the Direct Selection tool and drag 180°, flipping it inside as you drag. In my example, it's bottom center because of where I started.
• In Type > Type on a Path, I chose Ascender so the top of the text almost touches the path. Then I selected the text and gave it a baseline shift in the Character panel to nudge it up another 5-6 points. I did not use the Flip command.
• The Spacing control is optional — it's Tracking.
• Show the top layer
• Draw the outer circle, starting from the center point and holding Opt(Alt)+Shift.

Photoshop does not have robust text controls because at its core, it's an image editor. It does not have the Type on a Path options or the widget and is trickier to work with. Use Dave's method of two sizes for the paths if Photoshop is all you have.

~ Jane

In Illustrator, where this is easier,  do what Mike shows in his answer.

In Photoshop separate the text and use two paths so one text (upper) sits on the path, the other (lower) goes inside a larger circular path. To flip use black arrow and move in/out of circle.

Dave

Type >>Type on a path >> Type on a path Options > > Check fip

Use align to path in that option and baseline shift in your charachter  palette to tweak furhter