GDP 226 billion USD, Per Capita 1401 $

[ito]

BD will overtake India in GDP capita within 10 years

In fact the gap is widening. India is growing faster than BD.

 

[Bad Guy]

There are many states in India which are backward and have less per capita gdp than BD but Indian don't consider them to be backward.You only count 8 central and northern Indian states as a backward but there are also other backward in East and northern part of India.Entire north-east is backward.

I need your elaboration because from GDP per capita to HDI, only Assam is backward.
Rest of North has HDI well above BD(starts from 0.650) and has GDP per capita significantly higher than Indian Average.
In which school you learnt mathematics?
UP and Haryana have almost same nominal GDP value but gap is created in PPP.
Provide me links before I start to do so.
Ahead of these 8 LDSs, only Assam and WB are slightly behind BD.
Kerala, Maldives, Chandigarh, Lakshadweep, D&D, D&N, Punducherry are equal to developed countries.
Many other states have living standards at par with China and Russia.
If I include Indian States behind BD, even then, less than half of Indian population lives there.
Don't believe me? Calculate, it's 47% only.

PPP is important but its importance is secondary to nominal GDP.

Both have own importance equally.
Nominal is for projecting power, aiding and generally for international trade (first two things can be done by only giants like India )
and PPP is for measuring living standards.

A guy who is comparing GDP in nominal for measuring living standards must immediately need a psychiatrist soon and must be admitted to a mental asylum.

No, local currency convert into USD in market exchange rate to get the nominal gdp not the ppp.India's nominal is 1747 usd or 115300 rupee.If you divide it by 12 and get 9600 rupee,that the monthly income average for an Indian or 48000 rupee for a family of five.If that were ppp dollar it would have almost 4 times the monthly 48000 rupee.Do you think average indian family earn 200,000 rupee per months?
PPP compare the price level of other countries with that of US price level which was chosen as a standard.That why US nominal and ppp gdp is same.Earning and spending 1747 dollar in India implies same living standard if one earn 6599 dollar in USA.Or in other word 1747 dollar in India can buy same amount of goods and services of 6599 dollars in US market.I am telling these just to keep it simple.

We have families earning from Rs.15- 25000(most of Indian families) to billions (super rich people).
This is average of that.

Other thing, our nominal problem will only be applied when we import. But we don't import many things. We produce them at India that even cheaper.
If you are getting an item in $3.67 in USA, Indians can given you in 1$.
But BD will give it in around 2.8$.
So, GDP has to be multiplied with 3.67 to get correct estimate of purchasing power of Indian people.

This is very dumb statement.PPP is all about purchasing power.Import duty make the commodity costly in local market which in turn negatively affect the purchasing power of the consumers.Isn't it simple?

You destroyed yourself.
What's use of money if you can't buy things because they are costly?
Me and you earn same. But I can buy a car, you can't because things are cheap in India. Same goes for many things. That's why Indian standards are high.
Bangladesh will remain as rich as India even if it's people can't buy machinery and luxury like Indians?
What's need of living?

 

[UKBengali]

In fact the gap is widening. India is growing faster than BD.

Nah - BD GDP per capita has grown from 50% to around 75% of India's in the last decade.

BD has more scope to increase GDP growth than India as it has a larger infrastructure deficit which is
currently being remedied.

 

[ito]

Nah - BD GDP per capita has grown from 50% to around 75% of India's in the last decade.

BD has more scope to increase GDP growth than India as it has a larger infrastructure deficit which
currently being remedied.

Why not check World Bank site for future forecasts. Last time I checked India is the fastest growing in the region . Moreover, BD has a very large population for the land it has. This itself will stretch all its resources in feeding its huge population leaving less for its development.

 

[UKBengali]

Why not check World Bank site for future forecasts. Last time I checked India is the fastest growing in the region . Moreover, BD has a very large population for the land it has. This itself will stretch all its resources in feeding its huge population leaving less for its development.

Forecasts are just that, forecasts.

India has consistently been overrated and BD underrated. I would take past performance more than any predictions.

Land argument is silly as countries like Japan are one of the richest countries on the world.

BD has a big advantage over India as it has a single dominant ethnic group and hence things do not get stuck
in multiple layers of bureaucracy.

 

[randomradio]

Nah - BD GDP per capita has grown from 50% to around 75% of India's in the last decade.

BD has more scope to increase GDP growth than India as it has a larger infrastructure deficit which is
currently being remedied.

BD has to grow faster than India if BD is to beat India's per capita.

BD can increase growth quicker than India can, but India can sustain growth for longer. BD's growth can easily be fueled by debt, but that's a high level of risk.

BD has a big advantage over India as it has a single dominant ethnic group and hence things do not get stuck
in multiple layers of bureaucracy.

That doesn't make sense. A single dominant ethnic group only provides stability. Like North Korea is very stable in that sense. But there is no economic activity.

India's stable even if it's the most diverse country in the world. Indonesia is also very diverse and has high growth.

 

[Homo Sapiens]

You destroyed yourself.
What's use of money if you can't buy things because they are costly?
Me and you earn same. But I can buy a car, you can't because things are cheap in India. Same goes for many things. That's why Indian standards are high.
Bangladesh will remain as rich as India even if it's people can't buy machinery and luxury like Indians?
What's need of living?

Forget about Car,wine etc.I think price of the basic goods for living in both countries are not much different.It is the luxurious goods which are distorting the picture.I can share the price level of basic commodities in the major cities in BD from my personal observation if you do the same for India's.

 

[randomradio]

Forget about Car,wine etc.I think price if the basic goods for living in both countries are not much different.It is the luxurious goods which is distorting the picture.I can share the price level of basic commodities in the major cities in BD from my personal observation if you do the same for India's.

Dude, only 0.1% of either of our populations can buy luxury goods. Stick to what the entire population does, not what 10 or 15 people do.

Look at prices of food, fuel, housing etc. Not price of PS4 and BMW.

 

[Homo Sapiens]

Dude, only 0.1% of either of our populations can buy luxury goods. Stick to what the entire population does, not what 10 or 15 people do.

Look at prices of food, fuel, housing etc. Not price of PS4 and BMW.

This is the list from my personal observation of market.For convenience of Indian members I will convert price in Rupees.( 1 Rs.=1.18 BDT)

Rice 1kg= 33-37 Rs.
Flour 1kg=29-30 Rs.
Chicken 1kg=125 Rs.
Beef 1 kg=335 Rs.
Mutton 1 kg = 450 Rs.
Egg 1 dozen = 80 Rs
Milk 1 litre = 52 Rs.
Fish 1 kg = 160-500 Rs. (Depends on variety)
Cooking oil (Soyabean)1 litre=90 Rs.
Sugar 1kg= 33 Rs.

Petrol 1 litre=80 Rs.
Kerosene 1 litre=56 Rs.
Electricity 1 kwh = 4.4 Rs. (For using 200-300 kwh per month)

Bus fare 10 km =10 Rs( Within city)
Bus fare 250km= 410 Rs. (Dhaka to Sylhet, Non AC)
Train fare 320km= 267 Rs (Dhaka to Sylhet, 2nd class)

Most families in the cities pays 5,000-10,000 Rs. for renting house.Which usually consists 1 or 2 bed,1 bath,1 kicken, 1 drawing room.

Clothes are one of the cheapest in the world as we are big at producing it.

You can buy a pair of good quality shoes (Apex leading brand in BD) at 2500-3500 Rs.

 

[Talwar e Pakistan]

what is the GDP of Pakistan in 2016 ?

272 Billion and GDP per capita stood at 1513 last year; since per capita had a growth rate of 7.5% - it probably stands at around 1627.

Article from 2015:
http://tribune.com.pk/story/889024/per-capita-income-a-pakistani-now-makes-1513-a-year/

 

[Lonely Hermit]

This is the list from my personal observation of market.For convenience of Indian members I will convert price in Rupees.( 1 Rs.=1.18 BDT)

Rice 1kg= 33-37 Rs.
Flour 1kg=29-30 Rs.
Chicken 1kg=125 Rs.
Beef 1 kg=335 Rs.
Mutton 1 kg = 450 Rs.
Egg 1 dozen = 80 Rs
Milk 1 litre = 52 Rs.
Fish 1 kg = 160-500 Rs. (Depends on variety)
Cooking oil (Soyabean)1 litre=90 Rs.
Sugar 1kg= 33 Rs.

Petrol 1 litre=80 Rs.
Kerosene 1 litre=56 Rs.
Electricity 1 kwh = 4.4 Rs. (For using 200-300 kwh per month)

Bus fare 10 km =10 Rs( Within city)
Bus fare 250km= 410 Rs. (Dhaka to Sylhet, Non AC)
Train fare 320km= 267 Rs (Dhaka to Sylhet, 2nd class)

Most families in the cities pays 5,000-10,000 Rs. for renting house.Which usually consists 1 or 2 bed,1 bath,1 kicken, 1 drawing room.

Clothes are one of the cheapest in the world as we are big at producing it.

You can buy a pair of good quality shoes (Apex leading brand in BD) at 2500-3500 Rs.

According to this only rent seems to be cheaper in BD.
http://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=India&country2=Bangladesh
Indices Difference
Consumer Prices in Bangladesh are 42.64% higher than in India
Consumer Prices Including Rent in Bangladesh are 30.64% higher than in India
Rent Prices in Bangladesh are 16.85% lower than in India
Restaurant Prices in Bangladesh are 30.48% higher than in India
Groceries Prices in Bangladesh are 30.54% higher than in India
Local Purchasing Power in Bangladesh is 50.03% lower than in India

 

[TopCat]

BD has to grow faster than India if BD is to beat India's per capita.

BD can increase growth quicker than India can, but India can sustain growth for longer. BD's growth can easily be fueled by debt, but that's a high level of risk.

Not if BD currency getting stronger and Indian currency gets hammered everyday.

Its not the per capita income which matters but the composition of the GDP which matters for us in this subcontinent.
I dont know about India but our economic goal is to dislodge 40% of our workforce who still lingering in the agri sector which only contribute to 15% of the GDP. Thats a big challenge for next decade or so. 2nd most important thing we are woking on is to reduce the contribution of service sector and agri sector from current (50% and 15%) and increase the industrial and manufacturing sector contribution to more than 40% which is around 31% now.

I think despite having more GDP/capita India also working towards that goal which it already fallen behind BD by a long shot.

According to this only rent seems to be cheaper in BD.
http://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=India&country2=Bangladesh
Indices Difference
Consumer Prices in Bangladesh are 42.64% higher than in India
Consumer Prices Including Rent in Bangladesh are 30.64% higher than in India
Rent Prices in Bangladesh are 16.85% lower than in India
Restaurant Prices in Bangladesh are 30.48% higher than in India
Groceries Prices in Bangladesh are 30.54% higher than in India
Local Purchasing Power in Bangladesh is 50.03% lower than in India
View attachment 301510
View attachment 301511
View attachment 301512
View attachment 301513

We get GSP in the european market by dodging some of the PPP factoring when our per capita in real exchange rate crossed the LDC threshold. Dont worry about it.. It is only recently PPP factoring differed from India.

272 Billion and GDP per capita stood at 1513 last year; since per capita had a growth rate of 7.5% - it probably stands at around 1627.

Article from 2015:
http://tribune.com.pk/story/889024/per-capita-income-a-pakistani-now-makes-1513-a-year/

I am sure PK needs a good census data. Some belive PK already crossed 20 crore mark

You destroyed yourself.
What's use of money if you can't buy things because they are costly?
Me and you earn same. But I can buy a car, you can't because things are cheap in India. Same goes for many things. That's why Indian standards are high.
Bangladesh will remain as rich as India even if it's people can't buy machinery and luxury like Indians?
What's need of living?

BD government like to stay within its means.. They dont act like a Jamidar while most of its people are just dirt poor who cant earn end meal properly.

 

[Homo Sapiens]

According to this only rent seems to be cheaper in BD.
http://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=India&country2=Bangladesh
Indices Difference
Consumer Prices in Bangladesh are 42.64% higher than in India
Consumer Prices Including Rent in Bangladesh are 30.64% higher than in India
Rent Prices in Bangladesh are 16.85% lower than in India
Restaurant Prices in Bangladesh are 30.48% higher than in India
Groceries Prices in Bangladesh are 30.54% higher than in India
Local Purchasing Power in Bangladesh is 50.03% lower than in India
View attachment 301510
View attachment 301511
View attachment 301512
View attachment 301513

These comparison item were selected for western rich consumers in head.That's why Three-course restaurant meal rather than home meal, 1 bottle of wine,domestic bear and imported bear McMeal at McDonalds, Cappuccino Loaf of fresh white bread rather than flour,Marlboro cigarrette,Volkswagen golf price,Tannis court,Nike running shoes were selected.But the down trodden masses like us, these are non issue.

Rice is cheaper in BD, which matter most.

 

[Bad Guy]

Forecasts are just that, forecasts.

India has consistently been overrated and BD underrated. I would take past performance more than any predictions.

Land argument is silly as countries like Japan are one of the richest countries on the world.

BD has a big advantage over India as it has a single dominant ethnic group and hence things do not get stuck
in multiple layers of bureaucracy.

Indian growth has been stuck during last socialist five years plan for securing more and more jobs for people.
In 2017-22 five years plan, configuration will be for around 50% internet users, 33% skilled labour and denser infrastructure for faster flow of money will revive growth to 8-10%.

BD government like to stay within its means.. They dont act like a Jamidar while most of its people are just dirt poor who cant earn end meal properly.

Good to know our most people living in poverty when our poverty ratio is better than you.
At 1.25$,
India reduced 32.5% poverty to just 7.7% between 2005 and 2015(biggest ever decrease)
At 1.9$, it reduced from 21.9% to 12.3% between 2012-15.
BD still stands at 13% at 1.9$.
Anyway,

Not if BD currency getting stronger and Indian currency gets hammered everyday.
Its not the per capita income which matters
but the composition of the GDP which
matters for us in this subcontinent.
I dont know about India but our economic goal
is to dislodge 40% of our workforce who still
lingering in the agri sector which only
contribute to 15% of the GDP. Thats a big
challenge for next decade or so. 2nd most
important thing we are woking on is to reduce
the contribution of service sector and agri
sector from current (50% and 15%) and
increase the industrial and manufacturing
sector contribution to more than 40% which is
around 31% now.
I think despite having more GDP/capita India
also working towards that goal which it
already fallen behind BD by a long shot.

I'm not taking per capita income, I'm accounting purchasing power.
Here's case of economic configuration, India used service sector to avoid a risk free economy for last some years. You know how much damage could get a capitalist society could get.

Economic configuration and sector will redefined between 2017-22 to revive 8-9% growth.
You know, when we started for promotion of internet, brought nearly 35% population using internet from 14.9% in 4 years. It will go at par with developed countries in led than a decade.
We have overtook four countries to get fourth largest rail network in a short period of time.

We today have only 1325km of motorways which will be touching 19500km(fourth largest) in 5 years. Similar for high speed railway. We already have 7 developed (like developed countries I mean) provinces and making 98 such cities.
Doubling metro network to connect economic cities for money flow.
With a workforce of 400 million skilled people in electronics and metallurgy(like China) etc., we'll have no problem in achieving double digit growth.
As far as I know, five years plans usually don't miss target(not fail at all ).
India will have a 4-5trillion dollar economy with 2.5- 3 trillions in industry.
If you're talking of goal, India will start working on it in 2017.
Imagination of falling behind BD is out of thought. It will revive industrial country status in less than a decade.

Anyway, BD is a friend of India, so good luck to you guys as well.

 

[TopCat]

Indian growth has been stuck during last socialist five years plan for securing more and more jobs for people.
In 2017-22 five years plan, configuration will be for around 50% internet users, 33% skilled labour and denser infrastructure for faster flow of money will revive growth to 8-10%.

Good to know our most people living in poverty when our poverty ratio is better than you.
At 1.25$,
India reduced 32.5% poverty to just 7.7% between 2005 and 2015(biggest ever decrease)
At 1.9$, it reduced from 21.9% to 12.3% between 2012-15.
BD still stands at 13% at 1.9$.
Anyway,

BD started from a very low base in 1947 and we are struggling with poverty number. Indian number which I have little faith with though.

I'm not taking per capita income, I'm accounting purchasing power.
Here's case of economic configuration, India used service sector to avoid a risk free economy for last some years. You know how much damage could get a capitalist society could get.

Economic configuration and sector will redefined between 2017-22 to revive 8-9% growth.
You know, when we started for promotion of internet, brought nearly 35% population using internet from 14.9% in 4 years. It will go at par with developed countries in led than a decade.
We have overtook four countries to get fourth largest rail network in a short period of time.

We today have only 1325km of motorways which will be touching 19500km(fourth largest) in 5 years. Similar for high speed railway. We already have 7 developed (like developed countries I mean) provinces and making 98 such cities.
Doubling metro network to connect economic cities for money flow.
With a workforce of 400 million skilled people in electronics and metallurgy(like China) etc., we'll have no problem in achieving double digit growth.
As far as I know, five years plans usually don't miss target(not fail at all ).
India will have a 4-5trillion dollar economy with 2.5- 3 trillions in industry.
If you're talking of goal, India will start working on it in 2017.
Imagination of falling behind BD is out of thought. It will revive industrial country status in less than a decade.

Anyway, BD is a friend of India, so good luck to you guys as well.

Ok great.. Do yo have a plan for 52% of your workforce still live and sustain rearing cows and plowing land and heavily dependent on monsoon. Dont you even try to stuff them in highspeed bullet train and export to China.