NEW DELHI: India’s GDP in terms of purchasing parity (PPP) in 2019 was 11 times that of Bangladesh, while its population was eight times greater. government sources said Wednesday while replying to the congressional official Rahul gandhithe attack on Twitter about the topic.
Referring to media reports, Gandhi took to the microblogging site and said: “Solid 6-year achievement of hate-filled cultural nationalism from BJP: Bangladesh is ready to surpass India.”
Government sources noted that in PPP terms, the IMF estimates India’s GDP per capita in 2020 at $ 6,284 compared to Bangladesh’s $ 5,139. They noted that the data showed that Bangladesh overtaking India in 2020 is a temporary effect and that India will again overtake Bangladesh in 2021.
IMF data showed on Tuesday that Bangladesh will overtake India, which will face a large contraction, in terms of GDP per capita in 2020-21 in dollar terms. The data showed that Bangladesh’s GDP per capita in 2020 would be $ 1,888 while India’s would be $ 1,877.
But in 2021, India would again overtake Bangladesh due to higher growth rates in dollar terms New Delhi will likely post.
On the subject of GDP per capita, sources pointed out that it was also important to note that under the Modi government, it has increased from Rs 83,091 in 2014-15 to Rs 1,08,620 in 2019-20, representing an increase of Rs 30, 7%. Under UPA-2, it had risen from Rs 65,394 in 2009-10 to Rs 78,348 in 2013-14, representing a 19.8% increase, the sources noted.
Experts said these issues should not be taken seriously and should focus on reviving growth in the non-farm sector in India, which has suffered the brunt of the Covid-19 induced lockdown.
“These comparisons should not be taken seriously. We should focus on how to revive our growth. Bangladesh is known to have done well. This year, the South Asian agricultural sector has performed well. The agricultural sector has done well in Bangladesh and the sector has also done well in India. But in the case of India the forecast is for a 10.3% contraction by the IMF of GDP and 86% of the non-agricultural sector has been affected. We have to focus on the non-agricultural sector, ”said Pronab Sen, the country’s former head of statistics.
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