India to continue trailing Bangladesh's per capita income over next 6 years: IMF data

[Tigers]

There are many mainstays in Indian politics. No country is unilaterally committed to economy.

India has also been growing. In fact, IMF predicts that it will grow faster than Bangladesh this year and next.

Indian economy was on lock downs and even contracted last year. This is less of a growth and more of recovery but you won't know the difference.

This mainstay of divisive Hindu nationalist politics is important because it will hold back your growth. Who knows when and where a bomb will go off?

Bangladesh's approach is economy first.

 

[Wood]

Indian economy was on lock downs and even contracted last year. This is less of a growth and more of recovery but you won't know the difference.

This mainstay of divisive Hindu nationalist politics is important because it will hold back your growth. Who knows when and where a bomb will go off?

Bangladesh's approach is economy first.

India had decent growth rate before pandemic contraction. Bangladesh's growth is commendable, yet inflationary. This is just nominal growth prediction from IMF.

Talking about religious influence in a topic about IMF predictions is immaturity. Try not to shoot tangents in desperation and stick to topic.

 

[Tigers]

India had decent growth rate before pandemic contraction. Bangladesh's growth is commendable, yet inflationary. This is just nominal growth prediction from IMF.

Talking about religious influence in a topic about IMF predictions is immaturity. Try not to shoot tangents in desperation and stick to topic.

India's economic growth lagged behind Bangladesh before pandemic and after this recovery period, it will settle into the same trend. Inflation in India is 8% and in Bangladesh is 6%.

Politics and economy have a strong relationship and performance of the economy is a key political battleground. If you can't take criticism of Indian politics as it relates to the economy then what does it says about your mental maturity level?

 

[Bilal9]

India had decent growth rate before pandemic contraction. Bangladesh's growth is commendable, yet inflationary. This is just nominal growth prediction from IMF.

Talking about religious influence in a topic about IMF predictions is immaturity. Try not to shoot tangents in desperation and stick to topic.

If Amartya Sen comments on the difference about Bangladeshi and Indian developmental economics - it pays well to heed his advice, rather than listen to Gobar loving andh-Bhakt people who only claim an 8th grade education. India's economy has been fundamentally ruined by a single thing - note-bandi.

Dr. Sen commented on all the HDI fundamentals that India fell behind on, despite spending more on them (educational, health etc.).

Bangladesh has been doing more on that side, focusing on inclusion of women in education, to make them a part of the workforce. These were deliberate changes affected that peripherally and also fundamentally changes the basis of an economy and how people participate in it, viz., job creation for export purposes etc.

Dismissing Bangladesh' growth as simply "inflationary" is not acknowledging the bigger picture.

 

[UKBengali]

There are many mainstays in Indian politics. No country is unilaterally committed to economy.

India has also been growing. In fact, IMF predicts that it will grow faster than Bangladesh this year and next.

Good to see some healthy competition between India and BD in the GDP growth field.

Long may it continue.

 

[Black Tornado]

Good to see some healthy competition between India and BD in the GDP growth field.

Long may it continue.

Hope so, but the current worldwide economic meltdown shows signs of a recession.

 

[Wood]

If Amartya Sen comments on the difference about Bangladeshi and Indian developmental economics - it pays well to heed his advice, rather than listen to Gobar loving andh-Bhakt people who only claim an 8th grade education. India's economy has been fundamentally ruined by a single thing - note-bandi.

Dr. Sen commented on all the HDI fundamentals that India fell behind on, despite spending more on them (educational, health etc.).

Bangladesh has been doing more on that side, focusing on inclusion of women in education, to make them a part of the workforce. These were deliberate changes affected that peripherally and also fundamentally changes the basis of an economy and how people participate in it, viz., job creation for export purposes etc.

Dismissing Bangladesh' growth as simply "inflationary" is not acknowledging the bigger picture.

I'm well aware that note ban has been a drag in the economy prior to pandemic had its day. But the note ban related effects will set itself straight in this decade as all such things do.

Bangladesh's economic growth is indeed inflationary. If you continue to compare with India and like to brag at least compare the real GDP growth rates. You like it or not, Bangladesh has an affordablility problem. Your ultra national chest thumping will not change that.

India's economic growth lagged behind Bangladesh before pandemic and after this recovery period, it will settle into the same trend. Inflation in India is 8% and in Bangladesh is 6%.

Politics and economy have a strong relationship and performance of the economy is a key political battleground. If you can't take criticism of Indian politics as it relates to the economy then what does it says about your mental maturity level?

Indian economic contraction before pandemic was related to note ban and in efficiencies that were from initial implementation of GST. These are not related to religiosity in the society.

You are one of those fellows who is unable to relate government policy to economics. Simply run with platitudes and pass them off as educated arguments

 

[UKBengali]

Hope so, but the current worldwide economic meltdown shows signs of a recession.

Does not really affect BD too much as it mainly focuses on low end products that everyone needs and is considered essentials.

Even it's electronics exports from Walton may get a boost as people switch from more expensive Samsung, LG and Sony to cheaper BD products.

 

[Wood]

Good to see some healthy competition between India and BD in the GDP growth field.

Long may it continue.

I'm always looking forward to good economic prospects for countries in the sub continent. Because economic prosperity of one country will automatically lift that of its neighbors. It is not a coincidence that rich countries have equally rich countries for neighbors.

India's economy and security will be much better off to rely on imports from Bangladesh and Sri Lanka than China for example.

 

[UKBengali]

I'm always looking forward to good economic prospects for countries in the sub continent. Because economic prosperity of one country will automatically lift that of its neighbors. It is not a coincidence that rich countries have equally rich countries for neighbors.

India's economy and security will be much better off to rely on imports from Bangladesh and Sri Lanka than China for example.

I think unless there is a massive recession in the world this decade then BD is set for 8%+ average annual growth in the 2020s.

If you look at BD growth over the last 4 decades then you see something very interesting - 4% in the 1980s, 5% in the 1990s, 6% in the 2000s and 7% in the 2010s.

BD is slowly building up it's momentum in GDP growth as the decades pass.

Think Modi and Hasina have a good plan to uplift the economies of W. Bengal and NE states that have been lagging behind and that is by closely integrating them into the BD economy. Nepal and Bhutan will also be part of this economic region as they will provide cheap and clean hydro-power to power BD's industrialisation.

We can leave our political differences aside and focus on growth for the next 2-3 decades.

 

[BananaRepublicUK]

Bangladesh is unique in South Asia, in that:

1. Homogeneous
2. Moderate
3. Strong central government
4. Laser focus on economy
5. Not obsessed with military industrial complex.

If Sheikh Hasina sticks around for another decade - Bangladesh will be transformed.

She is the only person who can:

1. Control the unruly illiterate population
2. tame the big institutions vying for power
3. check the power of the disruptive and over ambitious individuals

All Asian countries that have made it - needed long period of dictatorial rule.

Hungry people make poor democrats.

Democracy follows wealth.

Without wealth you cannot have functioning democracy.

 

[BananaRepublicUK]

I'm always looking forward to good economic prospects for countries in the sub continent. Because economic prosperity of one country will automatically lift that of its neighbors. It is not a coincidence that rich countries have equally rich countries for neighbors.

India's economy and security will be much better off to rely on imports from Bangladesh and Sri Lanka than China for example.

Irony is that India’s obsession with security is making it less secure.

Of course, in reality, security card is a pretext for abusing minorities and justification for hegemonic behaviour.

I hope BD keeps its head down and keeps China, USA, Russia and other wannabe hyper powers at equidistantce.

Be like Elizabeth the first rather than Anne Boleyn.

 

[Black_cats]

I would like to add this prediction is based on 2005 base year for Bangladesh. From this year Bangladesh is likely to officially shift to 2015 base year to calculate the GDP with it the per capita gdp is expected to be around 2800 USD plus which is way higher than India.

For info India calculates its GDP based on 2011 base year so upgrading to 2015 or 16 will give India some boost in its per capita gdp as well.

Bottom line Bangladesh has crossed India in terms of per capita gdp and this is likely permanent and the difference will grow further in the coming years.

 

[UKBengali]

I would like to add this prediction is based on 2005 base year for Bangladesh. From this year Bangladesh is likely to officially shift to 2015 base year to calculate the GDP with it the per capita gdp is expected to be around 2800 USD plus which is way higher than India.

For info India calculates its GDP based on 2011 base year so upgrading to 2015 or 16 will give India some boost in its per capita gdp as well.

Bottom line Bangladesh has crossed India in terms of per capita gdp and this is likely permanent and the difference will grow further in the coming years.

Not that hard as India has massive states like Utta Pradesh with per capita under 1000 US dollars and nearly 250 million population.

BD should benchmark the wealthier Indian states like Gujarat and aim to reach their per capita nominal GDP by 2030.

It will be tough but doable as long as everything falls into place and BD can grow 8%+ sustained this decade on average.

 

[Wood]

Irony is that India’s obsession with security is making it less secure.

Of course, in reality, security card is a pretext for abusing minorities and justification for hegemonic behaviour.

I hope BD keeps its head down and keeps China, USA, Russia and other wannabe hyper powers at equidistantce.

Be like Elizabeth the first rather than Anne Boleyn.

India does not have a security problem with Bangladesh. I meant Indian border dispute and larger geo political tussle with China earlier. All this rant about 'minority abuse' in this topic of macro economics is just rant