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Hello friends, recently you must have heard that per capita GDP of Bangladesh has become more than per capita GDP of India. So today we will talk on this topic but first we need to know some information about Bangladesh and India so that comparison can be done easily.
About Bangladesh:
Bangladesh has a population of 16 crore and it comes in 6th number in the whole world, the area of Bangladesh is 1,48,460 square kilometre and it comes at 192nd number all over the world.
GDP (PPP): $864,883 billion which comes at 30th rank in the world
GDP (Nominal): $317,768 billion which comes at 40th in the world.
Per Capita Income (PPP): $5,139 which comes 135th in the world.
Per Capita Income (Nominal): $1,888 which comes 140th in the world
Gini Coefficient: 32.4 which comes in the medium range.
Human Development Index (HDI): 0.164 which comes under medium range.
Textile manufacturing is the main contributor to GDP in Bangladesh, it comes on 2nd position in textile export after China.
India's area is 32,87,263 square kilometre and it is the 7th largest in the world, India's population is 135 crore which is 2nd largest in the world.
GDP (PPP): $12.36 trillion which is 3rd in the world.
GDP (Nominal): $3.2 trillion which is 5th in the world.
Per Capita Income (Total PPP GDP/ total Pollution)
GDP (PPP): $7,680
GDP (Nominal): $2,171 which is 139th in the world.
Human Development Index (HDI): 0.647 which comes under medium range and 129th in the world.
Gini Coefficient: 35.2 which is 95th in the world.
The IMF has said in its fiscal year 2020 forecast report that per capita GDP in 2020 will be something like this:
Bangladesh: $1,890
India: $1888
China: $10,840
But this growth of Bangladesh is just temporary and in the next year India will come forward again, it has happened before in the 1990s. But if we talk about 5 years ago, Bangladesh's per capita GDP was 25% less than India.
IMF also forecasts its overall GDP growth for the year 2020-21.
India: -10.3%
Bangladesh: +3.8%
Bangladesh is among the 3 South Asian countries whose GDP growth will remain positive this year, the remaining 2 are China and Myanmar.
Thank you for reading this article hope you like it and get some information, you can also comment what do you like and what you don't for suggestions. You can follow our blog for the notifications of many new interesting blogs. And you can also watch our YouTube video that we made on this topic in Hindi Language. Keep Loving & Keep Supporting.
