Bangladesh overtakes India in per capita GDP: IMF

[beijingwalker]

Another gift Modi gave to India under his reign.

 

[fallstuff]

This is useless. For exemple for long time Pakistan imports of smartphones was $200m. Now after IMEI ban of smuggled smartphones, imports have increased to $1.4B in just 1 year. And now we will also see more and more local manufacturing of smartphones which will mean cheaper phones.

Car you can get for $6k in India cost like $15k in Pakistan. So numbers of cars sold is again pointless metric. Not to forget pretty much all of cars in western Pakistan are smuggled and not even on official record.

First look at how much cars cost in Bangladesh then it will be fair comparison.



So Gupta doesn't have guts to say that its hindutva politics that is the reason for relations going sour. BD went all the way to control its religious extremists while India went all the way to promote hindu extremists.

Toyota Corolla Altis brand new cost about $44,000 in Bangladesh. I can buy a new BMW X3 for that amount of money in Florida.
BMW 7 starts at 2.5 crore taka, which is about $295,000 !

 

[khansaheeb]

Good work. Keep it up.

The entire South Asia region needs to steadily prosper

Shows how far India has fallen with Nazis in power. After the catastrophic war with China, we will see India bankrupt.

 

[Homo Sapiens]

I was talking about NBR tax targets. Non-NBR tax revenue is separate issue and they are minimal. How far back do you want to go to prove you the overestimation?

The tax authority collected Tk 2.23 trillion in 2018-19, preceded by Tk 2.02 trillion in 2017-18, Tk1.71 trillion in 2016-17 and Tk 1.53 trillion in 2015-16, according to the research wing data of the NBR.

So you can see from above. Average growth in the recent years has been just 10-15%.

So after 2018-19 collection of 2.23 trillion, the estimations should have been 2.5 trillion for 2019-20 and not 3.3 trillion. I mean where is the logic? Do you expect taxes to grow 30% in one year?

This has been done to show a fattened budget. Now lets see 2018-19 estimation.

The National Board of Revenue (NBR) is likely to get a gigantic target to collect Tk 291,000 crore in revenue during the coming 2018-19 fiscal year.

After achieving just 2.02 trillion in 2017-18, they estimated next year tax collection to grow to 2.91 trillion. Seriously 30% growth?

Now you again set a target of 3.25 trillion for 2020-21 after collecting 2.15 trillion? about 40% raise in taxes during pandemic year, really?

So you can see this has been a trend. They still haven't achieved 2016-17 target.

Yes they set wildly optimistic target which do not materialize at the end. But Bangladesh never suffered negative tax collection growth before COVID-19. It was around 12%-15% annual growth in the last decade. Govt. usually trim budget spending in the later part of the fiscal year and take more loan than initial target. This is how Bangladesh's budget implemented every year. Last year's spending target was $62 billion but actually spent $59 billion due to unachieved revenue collection target.

Yes, Indian government revenues are pretty poor. Lets all hail new South Korea in the region. Congrats.

If India's revenues are poor then what about Bangladesh? As a percentage of GDP, India's revenue collection and total expenditure is twice of Bangladesh. India's revenue generation and total spending is actually one of the best in South Asia and average for a developing country. Neither Bangladesh nor Pakistan nor Sri Lanka can generate revenue on such a scale.

 

[Homo Sapiens]

Government sources have said that in terms of purchasing power parity, India’s per capita GDP was 11 times higher than that of Bangladesh in 2019, PTI reported. India’s per capita GDP in PPP terms in 2020 was estimated by the IMF at $6,284, compared with $5,139 per capita GDP (PPP) of Bangladesh for 2020, the report said

Cow Cola toxicity have taken a heavy toll on the Modi Sarkar's men in the govt. In which mathemetics does $6,284 is 11 times higher than $5,139 ?!!

 

[letsrock]

Yes they set wildly optimistic target which do not materialize at the end. But Bangladesh never suffered negative tax collection growth before COVID-19. It was around 12%-15% growth in the last decade. Govt. usually trim budget spending in the later part of the fiscal year and take more loan than initial target. This is how Bangladesh's budget implemented every year. Last year's spending target was $62 billion but actually spent $59 billion due to unachieved revenue collection target.

If India's revenues are poor then what about Bangladesh? As a percentage of GDP, India's revenue collection and total expenditure is twice of Bangladesh. India's revenue generation and total spending is actually one of the best in South Asia and average for a developing country. Neither Bangladesh nor Pakistan nor Sri Lanka can generate revenue on such a scale.

View attachment 679826

INdia taxes it people like anything. But bhakth retards like @Protest_again were told india is poor because those "rascal" indians dont pay taxes. If they do the saint like indian govt will work wonderfully.

 

[Kabira]

INdia taxes it people like anything. But bhakth retards like @Protest_again were told india is poor because those "rascal" indians dont pay taxes. If they do the saint like indian govt will work wonderfully.

Indian states with highest GDP per capita are not under BJP rule neither they have played much role in politics of India. Its easy to raise taxes without hurting politically.

 

[SpaceMan18]

Alright cool , is India a bad country ? No it's not it's just ran by tea sellers with no hope.

Does India have any friends ? Lmao no , the only people who care about India is the people
Not Isreal,America,Aussies,Japan etc

Should Indian spies and influence leave Bangaldesh ?

YES , piss off and let us develop on our own we don't pose a threat we just wanna live.

Also Myanmar needs to chill , Bangaldesh should try to be the Switzerland of South Asia and not get into any stupid wars or conflict

 

[Cliftonite]

Alright cool , is India a bad country ? No it's not it's just ran by tea sellers with no hope.

Does India have any friends ? Lmao no , the only people who care about India is the people
Not Isreal,America,Aussies,Japan etc

Should Indian spies and influence leave Bangaldesh ?

YES , piss off and let us develop on our own we don't pose a threat we just wanna live.

Also Myanmar needs to chill , Bangaldesh should try to be the Switzerland of South Asia and not get into any stupid wars or conflict

Myanmar is a fractured authoritarian country that's been facing a civil war since its inception. Ignore it.

 

[Mace]

Shows how far India has fallen with Nazis in power. After the catastrophic war with China, we will see India bankrupt.

Nonsense. India will bounce back. China is all bluster and no action. China might actually have put its one China policy to peril with its stupidity.

The South Asian nations need to support each other. We are all identified as south Asians for a reason. Pak has to pitch in too.

 

[khansaheeb]

Nonsense. India will bounce back. China is all bluster and no action. China might actually have put its one China policy to peril with its stupidity.

The South Asian nations need to support each other. We are all identified as south Asians for a reason. Pak has to pitch in too.

Problem is India is too far south than the rest of South Asia in every way.

 

[Black_cats]

Cow Cola toxicity have taken a heavy toll on the Modi Sarkar's men in the govt. In which mathemetics does $6,284 is 11 times higher than $5,139 ?!!

First they compared GDP than per capita GDP.

 

[CIA Mole]

Nonsense. India will bounce back. China is all bluster and no action. China might actually have put its one China policy to peril with its stupidity.

The South Asian nations need to support each other. We are all identified as south Asians for a reason. Pak has to pitch in too.

I am betting the rebound won’t happen for a few more years.

 

[Mace]

Problem is India is too far south than the rest of South Asia in every way.

Not true. Unfortunately pak’s obession with Kashmir is dragging the entire region down. Pak is cutting its nose off to spite the South Asian face.

 

[Black_cats]

I am betting the rebound won’t happen for a few more years.

There are high possibilities. This video pointing that India’s negative growth rate can be 15% or even worse. In that case 8% growth is unlikely in the next year.