Bangladesh will be a notch richer than India this year, as well as five years later, projects IMF
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BusinessToday.In
Oct 16, 2020,
Updated Oct 16, 2020, 9:00 AM IST
Bangladesh's per capita GDP in dollar terms is expected to reach $1,888 in 2020 while that of India projected to touch $1,877.
Bangladesh's per capita GDP is projected to grow 4 per cent in 2020 while India will witness a decline of 10.5 per cent.
For India, per capita GDP will increase from $1,877 in 2020 to $2,729 in 2025, while Bangladesh's per capita GDP, $1,888 in 2020, will rise to $2,756 by 2025.
This has placed India only below Pakistan and Nepal in terms of per capita GDP, amongst its South Asian peers.
This was due the estimated double-digit contraction of 10.3 per cent in India's GDP against 3.8 per cent growth in Bangladesh's economy this year.