Bangladesh, 41st largest economy in the world now

[Rushd Alam]

Depends what you mean by "long way to go".

In 2022 Thailand was at 500 billion US dollars with BD at 400 billion.

Expect average annual BD economy by 3-4% a year than Thailand over this decade and so by 2030, BD should have a larger economy than Thailand.

We should stop measuring our whole gdp size and look at per capita improvement. We are larger than a lot of European countries but of what use.

Look at a south asian country on 6, of what use is this????

 

[damiendehorn2]

That was 2021 GDP, average exchange rate in 2021 for Indian Rupee was roughly ₹74 = $1. Or simply $3.2 trillion dollars.
View attachment 863638
View attachment 863640

Nope its the most recent figures for 2021/2022 financial year, released in 31st March 2022.

 

[Black Tornado]

Nope its the most recent figures for 2021/2022 financial year, released in 31st March 2022.

These figures are of previous fiscal, right now Fiscal year 2022-2023 is going on.

 

[damiendehorn2]

That was 2021 GDP, average exchange rate in 2021 for Indian Rupee was roughly ₹74 = $1. Or simply $3.2 trillion dollars.
View attachment 863638
View attachment 863640

Nope its the most recent figures for 2021/2022 financial year, released in 31st March 2022.

These figures are of previous fiscal, right now Fiscal year 2022-2023 is going on.

That's the point you won't get the end of year GDP results till March 31st 2023 for the 22/23 GDP. Indias Financial year runs from 1st Aril to 31st March. So the 236.6 lakh crore rupee is the latest GDP figures for india 21/22 from the RBI and the MSPI. Learn some basic economics.

 

[Black Tornado]

Nope its the most recent figures for 2021/2022 financial year, released in 31st March 2022.

That's the point you won't get the end of year GDP results till March 31st 2023 for the 22/23 GDP. Indias Financial year runs from 1st Aril to 31st March. So the 236.6 lakh crore rupee is the latest GDP figures for india 21/22 from the RBI and the MSPI. Learn some basic economics.

I’m talking about this fiscal year of 22-23, that data is of 21-22 where our GDP was ₹236.7 trillion = $3.2 trillion.

 

[damiendehorn2]

I’m talking about this fiscal year of 22-23, that data is of 21-22 where our GDP was ₹236.7 trillion = $3.2 trillion.

How can you talk about the fiscal year 22/23 when it wont end till 31st March 2023? So your speaking on something thats 8 months away?

I’m talking about this fiscal year of 22-23, that data is of 21-22 where our GDP was ₹236.7 trillion = $3.2 trillion.

And even the RBI gave a figure in US dollar terms on 1st May 2022 at $3.05trn, not $3.2trn

 

[Black Tornado]

How can you talk about the fiscal year 22/23 when it wont end till 31st March 2023? So your speaking on something thats 8 months away?

Thats my prediction. Our GDP in Rupee terms this year would be around ₹280 tn and if exchange rate comes back to 74 once inflation ends, it will be $3.8 tn economy in USD terms.

And even the RBI gave a figure in US dollar terms on 1st May 2022 at $3.05trn, not $3.2trn

Source? Afaik RBI doesn’t give economic data in USD terms.

 

[damiendehorn2]

Thats my prediction. Our GDP in Rupee terms this year would be around ₹280 tn and if exchange rate comes back to 74 once inflation ends, it will be $3.8 tn economy in USD terms.

Source? Afaik RBI doesn’t give economic data in USD terms.

So this a PREDICTION, based on what data? Most optimists, predict growth of 7% at most this fiscal, yet you must know more then them.

 

[Black Tornado]

So this a PREDICTION, based on what data? Most optimists, predict growth of 7% at most this fiscal, yet you must know more then them.

Nominal growth also includes inflation, in rupee terms 2021-22 growth was 19.5%, so assuming this year it is 18% and rupee gets back to 74 once the war ends, then it will hold true.

 

[bluesky]

BD should look to take Germany's spot whose economy is about to collapse due to lack of Oil & Gas.

And, where from or how BD will get its fuel to light its few lamps? BD has become already dark at night without being able to import fuels.

You must be joking about Germany and also on BD, the dumbest country that cannot manufacture anything, while Germany produces all the high class mechanical and electrical goods.

 

[prokion]

This year we would be a $3.5 tn economy. UK is under recession and their currency has gone down 17%. British GDP was £2.2 trillion in 2021 which today translates to $2.6 trillion (yes comparing last year’s GDP with current exchange rate doesn’t make sense but I did it to give you an idea).

we already are https://en.wikipedia.org/wiki/Economy_of_India

 

[Black Tornado]

we already are https://en.wikipedia.org/wiki/Economy_of_India

Thats this year’s projection

 

[damiendehorn2]

Nominal growth also includes inflation, in rupee terms 2021-22 growth was 19.5%, so assuming this year it is 18% and rupee gets back to 74 once the war ends, then it will hold true.

That's assuming oil prices, gas prices go down, dollar depreciates to the Rupee and the war ends. Lots of assumptions, so lets see.

 

[Black Tornado]

That's assuming oil prices, gas prices go down, dollar depreciates to the Rupee and the war ends. Lots of assumptions, so lets see.

Yup, thats what I was saying, in reality it will hover around $3.5 tn.

 

[Abdul Rehman Majeed]

Indian economy is going down. Indian GDP will shrink to 2T by next year.