EDITORIAL: GDP – Bangladesh shines over India
October 16th, 2020 at 4:34 pm
It is a major achievement of Bangladesh indeed as is indicative of a war of words between political rivals in neighbouring giant, India.
EDITORIAL: GDP – Bangladesh shines over India

It is yet another good news for us — Bangladesh has made it to the top in South Asia, leaving behind regional giant India in per capita GDP. We congratulate Prime Minister Sheikh Hasina and her team for this achievement amid the ongoing COVIS-19 pandemic.

According to the IMF’s ‘World Economic Outlook’ report released last week, India’s per capita GDP is set to plunge to $1,877 this fiscal year ending March 31, 2021. Bangladesh’s per capita GDP in dollar terms is expected to grow to $1,888.

Indian experts have noted Bangladesh’s success and noted economist, Dr Prabir De, who works for the New Delhi-based think-tank RIS (Research and Information System for Developing Countries), told our India correspondent that it is important to keep in mind that this discussion on IMF projections for India and Bangladesh, has acquired a political tone.

 Bangladesh is the only country in South Asia that had registered a positive growth rate in the first half of 2020 because it was faring well before the pandemic started, the economist said and that is yet another good news that despite natural calamities Dhaka could hold onto its continued growth.

The issue has become political, with the Bangladeshi opposition parties sadly remaining silent and not rejoicing the country’s success.

India’s opposition Indian National Congress leader Rahul Gandhi, one of the most visible faces of the country’s grand old party, blasted Prime Minister Narendra Modi saying in the past six years the ruling Bharatiya Janata Party’s “Solid achievement” was “hate-filled cultural nationalism” as Bangladesh is  set to overtake India. “

It is a major achievement of Bangladesh indeed as is indicative of a war of words between political rivals in neighbouring giant, India.