Bangladesh overtakes India in per capita GDP: IMF

[DalalErMaNodi]

This is factually incorrect and a number without any valid source, Maybe in the sub continent but certainly not in South Asia, A simple research would suffice before making such bold statements



This in 2010

Colombo - Wikipedia

en.wikipedia.org

This is Colombo 'metro', we're talking about an entire division (state) here.




But my data could be incorrect, I can't verify, since the source is dead now.



Besides, we all know about Sri Lanka, it goes without saying.

 

[Michael Corleone]

View attachment 681783




Not really, statistics are just raw data.




India suffers from severe income disparity and all that PPP GDP per capita is not evenly distributed.

The 1% hold most of India's wealth, more do than in Bangladesh.

Average Bangladesh is just all well off as average Indian, if not more.

They deleted my post but it will forever be remembered through your quote. An eye for an eye and a tooth for a tooth with the trolls

 

[Gibbs]

This is Colombo 'metro', we're talking about an entire division (state) here.




But my data could be incorrect, I can't verify, since the source is dead now.



Besides, we all know about Sri Lanka, it goes without saying.

Dhaka GDP per capita 2020 - $7712 nominal

Economy of Dhaka - Wikipedia

en.wikipedia.org

Colombo metro doesn't mean the CBD in conventional terms but greater Colombo from boroughs 1 to 15

 

[DalalErMaNodi]

@idune Bhai sahab, why BAL cheerleader ( Indian stooge by default) like @DalalErMaNodi is fighting against India and it's citizens day and night in almost every thread ?

Couldn't it be another trick from this BAL regime to sell Bangladesh to India?

Shouldn't we be worried bhaijan ?

Good question, perhaps @Destranator in his boundless wisdom can crack this paradoxical conundrum....

 

[VikingRaider]

Good question, perhaps @Destranator in his boundless wisdom can crack this paradoxical conundrum....

Yes it's a training period for @Destranator . If he successfully passed , we will appoint him as our junior Nayebe amir ,(@Michael Corleone seems isn't interested for this honourable position ) .

So we need wise person for this position.

 

[VikingRaider]

@Protest_again are you Bengali ? Just curious!

 

[PakistaniandProud]

Clearly you don't understand how GDP is calculated. It is always calculated in local currencies and converted into dollars. As Indian rupee increase in value, it'll offset the decline in growth. You'll see it showing in the next IMF April 2021 database. Wait for it.

You lot don't seem to understand--- wait, you just don't WANT to understand. That's the Indian mindset. This is the reason you are hated in the neighborhood. You're trying so hard to act like a rich powerful westerner, but, in reality, you are poor and have nothing to show for it. A 4-hour lockdown for a billion people, just so elitist Modi could show the world how "rich" India was. It all backfired, a 23% contraction in the first quarter after the lockdown, and thousands of suicides and death due to hunger.

Nominal GDPs use current market exchange rates - while PPP CONVERTS exchange rates between countries. India is set to drop 10.3% in 2020 and rebound 8.8% in 2021, this will be a 1.5% drop (even more than 1.5% if you consider that, at the time, India's economy will be smaller than it was in 2020).

Now, the argument you're trying to make is that "GDP is always calculated in local currencies", - this is only true for Nominal GDP because, as mentioned above, Nominal GDP isn't converted. All this means is that the nominal GDP will fluctuate a little bit. This does not mean that India will magically rise in these two years, the GDP drop will still by around 1.5% from 2020-2022.

 

[Protest_again]

You lot don't seem to understand--- wait, you just don't WANT to understand. That's the Indian mindset. This is the reason you are hated in the neighborhood. You're trying so hard to act like a rich powerful westerner, but, in reality, you are poor and have nothing to show for it. A 4-hour lockdown for a billion people, just so elitist Modi could show the world how "rich" India was. It all backfired, a 23% contraction in the first quarter after the lockdown, and thousands of suicides and death due to hunger.

Nominal GDPs use current market exchange rates - while PPP CONVERTS exchange rates between countries. India is set to drop 10.3% in 2020 and rebound 8.8% in 2021, this will be a 1.5% drop (even more than 1.5% if you consider that, at the time, India's economy will be smaller than it was in 2020).

Now, the argument you're trying to make is that "GDP is always calculated in local currencies", - this is only true for Nominal GDP because, as mentioned above, Nominal GDP isn't converted. All this means is that the nominal GDP will fluctuate a little bit. This does not mean that India will magically rise in these two years, the GDP drop will still be around 1.5% from 2020-2022.

What are you talking about 4 hours lock down? If you mean 4 month, then you know the reason for degrowth. Since August India has aggressively come back to full speed.

India will experience 10% decline in real gdp growth. But that will be offset by about 7% increase in currency value (already up 6%). Hence in dollars terms India will experience only a decline of 3%. Then there is inflation too. How hard is it for you to understand?

India will experience positive real growth of 9 to 11% next year. That is because India would be posting a 25% growth in Q1 next fiscal given the low base this fiscal. Why not wait to show me wrong? It's only 6 months to go.

Pakistan works with the budget of $40 billion while India $830 billion. If you think India is poor what would you call yourself?

 

[PakistaniandProud]

What are you talking about 4 hours lock down? If you mean 4 month, then you know the reason for degrowth. Since August India has aggressively come back to full speed.

India will experience 10% decline in real gdp growth. But that will be offset by about 7% increase in currency value (already up 6%). Hence in dollars terms India will experience only a decline of 3%. Then there is inflation too. How hard is it for you to understand?

India will experience positive real growth of 9 to 11% next year. That is because India would be posting a 25% growth in Q1 next fiscal given the low base this fiscal. Why not wait to show me wrong? It's only 6 months to go.

You don't know the policies of your own government? A 4-hour lockdown notice was given by Modi for a billion people. Just 4 hours.

I just explained to you how GDP works, and you are spewing the same thing about currencies again. Well, not my fault your country is going down the gutters. It's because of people like you.

 

[Protest_again]

You don't know the policies of your own government? A 4-hour lockdown notice was given by Modi for a billion people. Just 4 hours.

I just explained to you how GDP works, and you are spewing the same thing about currencies again. Well, not my fault your country is going down the gutters. It's because of people like you.

Then say 4 hour notice and not 4 hour lockdown. You can't expect me to compensate for your poor English. I cannot also spoon feed you basic economics. GDP is just a measure of production. There cannot be a production when you are in a lockdown. And don't expect us to blame Modi for wanting to save Indian lives. We are in fact thankful. We'll recoup in time. What is 2 years in the history of this country. We are not in some diresome situation economically.

But good luck with your economy, you really need it. We are doing just fine.

 

[PakistaniandProud]

Then say 4 hour notice and not 4 hour lockdown. You can't expect me compensate for your poor English. I cannot also spoon feed you basic economics.

Good luck with your economy, you really need it. We are doing just fine.

Typical retort, attack the message but don't reply to the content.

 

[Protest_again]

Typical retort, attack the message but don't reply to the content.

I already explained to you. GDP might contract in rupee terms because of China virus but in dollar terms there'll still be increase in 2 years. And it's fine because it was not because India experienced any economic decline on the account of failure in investments and sentiments. India is still counted as one of the largest growth markets in the world. FDI is at $35 billion in 5 months this fiscal. Forex up $75 billion. We'll overcome this with flying colors.

India's FDI In Apr-August Highest Ever For First 5 Months Of A Financial Year

India's FDI In Apr-August Highest Ever For First 5 Months Of A Financial Year It is the highest ever for first 5 months of a financial year and 13% higher as compared to first five months of 2019-20 (US$ 31.60 billion)," the ministry said. Foreign direct investment (FDI) inflows into India in...

defence.pk

 

[PakistaniandProud]

I already explained to you. GDP might contract in rupee terms because of China virus but in dollar terms there'll still be increase in 2 years. And it's fine because it was not because India experienced any economic decline on the account of failure in investments and sentiments. India is still counted as one of the largest growth markets in the world. FDI is at $35 billion in 5 months this fiscal. Forex up $75 billion. We'll overcome this with flying colors.

India's FDI In Apr-August Highest Ever For First 5 Months Of A Financial Year

India's FDI In Apr-August Highest Ever For First 5 Months Of A Financial Year It is the highest ever for first 5 months of a financial year and 13% higher as compared to first five months of 2019-20 (US$ 31.60 billion)," the ministry said. Foreign direct investment (FDI) inflows into India in...

defence.pk

I was referring to the 4-hour lockdown notice, something you just brushed off.

And all of what you said has nothing to do with India declining in 2 years in terms of GDP. You are trying to save face.

 

[Protest_again]

I was referring to the 4-hour lockdown notice, something you just brushed off.

And all of what you said has nothing to do with India declining in 2 years in terms of GDP. You are trying to save face.

You keep saying it as if India economically collapsed. Lol. I am not trying to save face. As I understand the cause for degrowth, I do not tend to over worry. But your agenda seem to make me think that Modi is responsible for our degrowth. That is just laughable. Let us worry about our economy and you yours.

 

[PakistaniandProud]

You keep saying it as if India economically collapsed. Lol. I am not trying to save face. As I understand the cause for degrowth, I do not tend to over worry. But your agenda seem to make me think that Modi is responsible for our degrowth. That is just laughable. Let us worry about our economy and you yours.

Where did you get such an idea? I stated a fact to you, and you have in denial since.