Also read: IMF: Bangladesh to overtake India in per capita GDP. According to the WEO database, India’s economic contraction in 2020 will be its worst since the 1990-91 economic crisis when the per capita GDP had contracted 17.5 per cent in 1991. However, this pace did not alter the relative positions of the two economies between 2004 and 2016 because India grew even faster than Bangladesh. This will grow India’s per capita GDP to $2,030 next year, against Bangladesh’s $1,990. But since 2017 onwards, as Chart 1 shows, India’s growth rate has decelerated sharply while Bangladesh’s has become even faster. *The first thing to note is that Bangladesh’s economy has been clocking rapid GDP growth rates since 2004. Pakistan and Nepal will be the only countries with lower GDP. In comparison, Nepal and Bhutan are expected to grow their economies this year, while the IMF has not divulged Pakistan’s data for 2020 and beyond. While Bangladesh’s per capita GDP in dollar terms is expected to grow 4 per cent in 2020 to $1,888, India’s, on the other hand, is expected to decline 10.5 per cent to $1,877 - the lowest in the last four years. The IMF predicted that Sri Lanka would be the second-most-affected after India. Prices provided herein may be provided by market makers and not by exchanges. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. The International Monetary Fund has estimated that India’s per capita GDP is likely to shrink 10.3% by March 2021, while Bangladesh’s GDP is expected to grow 3.8%. According to economists, Bangladesh’s economic growth has been underpinned by its fast-growing export sector and a steady rise in rate of savings and investment in the country. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The projection by the International Monetary Fund (IMF) that Bangladesh will overtake India in per capita GDP for 2020 has set social media abuzz and given the Indian opposition another opportunity to attack the Modi government over the economic decline, reported India.com. Sri Lanka’s per capita GDP is expected to shrink 4.6% in the current calendar year. India’s per capita GDP, on the other hand, is expected to decline 10.5 per cent to $1,877 - the lowest in the last four years. Even Bangladesh may beat India in 2020 per capita GDP, says IMF. 5 reasons why economic recovery will be slow, 'If you want entrepreneurs to sprint, remove hurdles', '6-7% GDP growth will take a couple of years', What Election Commission can learn from US, India's COVID-19 caseload goes past 81 lakh, Vedanta, JSW among bidders for coalmines' e-auction, 'This regime wants to make India a dictatorship'. File photo: Rahul Gandhi addresses his party's supporters during a public meeting, in Gandhinagar, Gujarat on March 12, 2019, Freedom fighter beaten to death in Tangail, Qualcomm, FedEx, auto executives to propose transport policies for world in transition, 26 die as major quake hits Turkey, Greece, With election looming, US faces record surge of coronavirus cases, US Election 2020: What you need to know right now, Trump derides doctors as Covid-19 surges, Biden says Trump giving up on virus, Rifat murder: 3 convicts shifted to Barisal jail, Napoli to win Italian title, makes Maradona's 60th birthday wish list, IMF: Bangladesh to overtake India in per capita GDP, Please read our Comment Policy before posting. 8/C, FR Tower, Panthapath, Dhaka 1207, Bangladesh. This makes India the third poorest country in South Asia, with only Pakistan and Nepal reporting lower per capita GDP, while Bangladesh, Bhutan, Sri Lanka, and Maldives would be ahead of India. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. The GDP figure for both countries is at current prices. In all, India’s per capita GDP in dollar terms contracted on eight occasions in 40 years, five of which occurred prior to 2000. India is set to drop below Bangladesh in terms of per capita Gross Domestic Product (GDP) as the economy, according to the International Monetary Fund, … The GDP growth rate was -14%, political instability was rife, and the nation was devastated by floods and famine. In contrast, India’s exports have stagnated in recent years, while savings and investment have declined. GDP Annual Growth Rate in Bangladesh is expected to reach 1.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bangladesh GDP Annual Growth Rate is projected to trend around 8.50 percent in 2021 and 7.50 percent in 2022, according to our econometric models. The latest comprehensive information for - Bangladesh GDP Growth Rate - including latest news, historical data table, charts and more. The WEO database suggests that the Indian economy will be the worst hit from the pandemic in South Asia after Sri Lanka, whose per capita GDP is expected to shrink 4 per cent in the current calendar year. Congress leader Rahul Gandhi, who has been a vocal critic of Prime Minister Narendra Modi’s handling of the economy, tweeted: “Solid achievement of 6 years of BJP’s hate-filled cultural nationalism: Bangladesh set to overtake India.”, Solid achievement of 6 years of BJP’s hate-filled cultural nationalism:Bangladesh set to overtake India. pic.twitter.com/waOdsLNUVg.

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