Before knowing the difference lets know what is #include directive:
#include <iostream>
This is called a directive because it directs the compiler to do something — in this case, to insert the contents of the file, iostream, that is identified between the angled brackets, <>, into the program source file before compilation. The iostream file is called a header file because it’s invariably inserted in another source file. The iostream header file is part of the standard C++ library, and it contains definitions that are necessary for you to be able to use C++ input and output statements. If you didn’t include the contents of iostream into the program, it wouldn’t compile, because you use output statements in the program that depend on some of the definitions in this file. There are many different header files provided by Visual C++ that cover a wide range of capabilities. You’ll be seeing more of them as you progress through the language facilities.
The name of the file to be inserted by an #include directive does not have to be written between angled brackets. The name of the header file can also be written between double quotes, thus:
#include "iostream"
The only difference between this and the preceding version between angled brackets is the places where the compiler is going to look for the file.
If you write the header file name between double quotes, the compiler searches for the header file first in the directory that contains the source file in which the directive appears. If the header file is not there, the compiler then searches the directories where the standard header files are stored.
If the filename is enclosed between angled brackets, the compiler only searches the directories in which it expects to find the standard header files. \
Thus, when you want to include a standard header in a source, place the name between angled brackets because it will be found more quickly.
When you are including other header files, typically ones that you create yourself, place the name between double quotes; otherwise, they will not be found at all.