Bangladesh targets 7.8% economic growth in new fiscal year

[TopCat]

More important is how you are doing when inflation is taken into account. You are nowhere close to "overtaking" Pakistan in constant USD terms (which takes stock of the effective inflation):

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?locations=BD-PK

i.e you are 8 years behind them in level.... and accumulation rates (about 10 - 12 billion 2010 USD yearly right now) seem to be roughly the same (BD higher growth number simply reflects its lower base largely)....so there will be no "surpassing" this year, next year or any year we can foresee.

What is really disturbing for Bangladesh is when you see how much inflation is part of the "current USD" growth:

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=BD-PK

i.e BD grew by (2015 - 2016) 26 billion USD in current terms, but only 11 billion USD in constant (factoring in effective inflation) terms. That is about 15 billion that is effective inflation, i.e nearly 60% of the current growth.

Pakistan in same standard grew by 9 billion in current terms but 12 billion in constant (suggesting effective deflation compared to global trends)....i.e Pakistan got deflation of 3 billion....i.e constant growth is 133% of current growth (which is far better result than the reverse in case of Bangladesh). The figure this way is around 94% for India and an extremely lousy 42% for Bangladesh

The results of this (terrible realised effective inflation) are already showing up in Bangladesh:

https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/

View attachment 478999

We all know how bad inflation has wreaked havoc in Pakistan and India from the media coverage.....one can only imagine how bad it is on the ground for Bangladesh given it suppresses its media and has the regions most corrupt (and stagnant in such) institutions by far.

@ziaulislam @Major Sam @Chak Bamu @django @bluesky

@Valar. @DESERT FIGHTER @Areesh

What makes you remain so dumb? Send that pill to me

Are you sure about that investment part? Or you are just taking future 'potential' investments spannings over a long time as Its achieved investements? Because BD's annual FDI is nothing close to that( around 25-30% of that figure in total). @Nilgiri @bluesky

Yes he is sure about that part. In sez you need to deposit a percentage of your investment proposal only to show your seriousness on the investment before getting allocation of the land. All lands are already taken by the potential investor and the sez in question are not taking any more applicant before further land development.
BD investments are dominated by domestic investment not FDI.

I don't try to falsify ambitious plans but let me do it for you.

Pakistan GDP would have been $327 bn for 2018 but due to devaluation of pkr it resulted in $297.5 bn so this is not anything achieved by BD but done by Pakistan to increase exports.

Now come to second point, As per IMF report BD GDP would be $313 bn in 2019 but let me clear you that Pakistan GDP would be $326 bn in 2019 so still Pakistan GDP will be more than you.

May be you are right and take one or two more years for bd to march past PK to become the 2nd biggest econony in SA. Its only the matter of time.

 

[bluesky]

Nope. GDP is only a net figure if its in real terms. Current USD nominal is not real terms because simply it uses the nominal Taka (what you called gross GDP) + exchange rate....with zero account for how much a USD/Taka actually can buy within the country in one year compared to another.

If there was 1:1 transmission of exchange rate w.r.t relative inflation, there would be no need for real (constant dollar) GDP....but liquidity provider/absorbers in a country and world more largely do not act instantaneously like that...not even close.

Your argument again not valid. To prove your point, you have again camouflaged your statement with dollar and others. GDP is always expressed in the net figure. Do you think that BD is the only exception not to follow the international norm?

 

[Baby Leone]

some people are dancing like monkeys that they have beat Pakistan obviously some big achievement for Bangladesh but the thing is that IMF & other institutions are working on Pakistan GDP calculations which according to all of them is too much underrated hence there is no projection for Pakistan GDP beyond 2017.

Pakistan real GDP calculation might come bt the end of this year as WB is working on it which on a conservative estimate will be higher by 20% at least from current figures.

I hear all the time by Bangalis that their GDP is bigger than Pakistan but i dont see this in consumption pattern of any commodity or house hold income of Bangladeshis as @Nilgiri rightly said Bangladesh figures dont support the actual situation on ground.

 

[Black_cats]

Your argument again not valid. To prove your point, you have again camouflaged your statement with dollar and others. GDP is always expressed in the net figure. Do you think that BD is the only exception not to follow the international norm?

Don't argue with that idiot. He is mixing it up nominal gdp with real gdp.

This Bihari slum dog is burning inside seeing the progress of Bangladesh. Instead of remaining on topic and acknowledging that Bangladesh has overtaken Pakistan last year in terms of per capita GDP which was marely 50-55% during 2005-06 this retard is bringing up real gdp, inflation all unrelated topic.

Even in terms of real per capita gdp based on 2018 Bangladesh has likely overtaken Pakistan. This retard is posting 2016 figure after which Pakistan corrected it's population so it brought down the per capita GDP.

This troll tried to derail the thread as well where it was said Bangladesh is about to overtake India based on gross national income.

Nominal GDP = Real GDP + Inflation

Real GDP = Nominal GDP - Inflation

This idiot was just mixing up the two.

For further info:

https://datahelpdesk.worldbank.org/...is-the-difference-between-current-and-constan

What is the difference between current and constant data?
← Currencies

Data reported in current (or “nominal”) prices for each year are in the value of the currency for that particular year. For example, current price data shown for 1990 are based on 1990 prices, for 2000 are based on 2000 prices, and so on. Other series in World Development Indicators (WDI) show data in "constant" or "real" terms. Constant series show the data for each year in the value of a particular base year. Thus, for example, data reported in constant 2010 prices show data for 1990, 2000, and all other years in 2010 prices.

Current series are influenced by the effect of price inflation. Constant series are used to measure the true growth of a series, i.e. adjusting for the effects of price inflation. For example (using year one as the base year), suppose nominal Gross Domestic Product (GDP) rises from 100 billion to 110 billion, and inflation is about 4%. In real prices, the second year GDP would be approximately 106 billion, reflecting its true growth of 6%.

Except for rare instances of deflation (i.e. negative inflation), a country's current price series on a local currency basis will be higher than its constant price series in the years succeeding the constant price base year. However, this relationship does not hold when the data are converted to a common currency such as U.S. dollars. Many countries have had large devaluations of their currency since 1995 (particularly since 1998), which may cause the current dollar series to be lower than the constant dollar series.

Please note that the term "real" has a different meaning when considering data in Purchasing Power Parity (PPP) terms. While "nominal" GDP in the International Comparison Program does refer to the regular national accounts GDP in current prices, "real" GDP is considered to be the PPP GDP in current prices. We also show PPP GDP in constant prices by simply applying the regular national accounts growth rates for GDP to derive the series for PPP GDP in constant 2011 U.S. dollars.

 

[Bilal9]

some people are dancing like monkeys that they have beat Pakistan obviously some big achievement for Bangladesh

I don't think a whole lot of people are gleeful that they beat Pakistan. To the new generation - Pakistan is an abstract entity - and I'm sure the reverse is true as well. To be honest - Pakistan (or for that matter India) cannot be a milestone for Bangladeshi development economists to celebrate, and again the reverse is also true.

Pakistanis should be happy that a country with similar religious background and economic indicators (in spite of rancid politics to the contrary) has gotten better economically and they should have some introspection on why that happened. You can learn something from everywhere - however negative or positive.

But there can be no boasting between brothers. This is silly.

I hear all the time by Bangalis that their GDP is bigger than Pakistan but i dont see this in consumption pattern of any commodity or house hold income of Bangladeshis as @Nilgiri rightly said Bangladesh figures dont support the actual situation on ground.

I don't put too much stock on a clueless outsider who has never even been to Bangladesh, rattling off theoretical garbage about 'situation on the ground' in Bangladesh. This person is using Pakistanis to sow hatred between Bangladesh and Pakistan. How would he know about 'actual Bangladeshi situation on ground'??

All the Bangladeshi PDF'ers here are saying one thing and he (and his ten other false flagger accounts) are saying another.

All he does is bad-mouth people. Look at every one of his posts. This is Ramadan and I have ignored him, so I don't want to grace one of his posts with a response.

Tell you what. If you can't go visit Bangladesh, try to visit some of the threads I have opened about Urban development, Export industry and other items about Bangladesh. Those are all factual threads. They will tell you where we did good and where we still suck. The improvement in GDP is visible everywhere in Dhaka city. Without GDP being higher, how could new real estate mushroom everywhere?

Government of Bangladesh had decided to construct residential flats for the low and middle income groups

Diabari

Uttara (3rd Phase)

And how could I enjoy Tk. 300 Tea and Coffee?

Indian restaurant and coffee chains are tripping over themselves trying to open outlets in Dhaka. In some cases India's first rate metros get bypassed for Dhaka because of the quality of the local clientele.

Ask any of the economist types here @Homo Sapiens, @fallstuff @Black_cats bhais and they will clue you in. My apologies if I forgot anyone....

 

[Black_cats]

some people are dancing like monkeys that they have beat Pakistan obviously some big achievement for Bangladesh but the thing is that IMF & other institutions are working on Pakistan GDP calculations which according to all of them is too much underrated hence there is no projection for Pakistan GDP beyond 2017.

Pakistan real GDP calculation might come bt the end of this year as WB is working on it which on a conservative estimate will be higher by 20% at least from current figures.

I hear all the time by Bangalis that their GDP is bigger than Pakistan but i dont see this in consumption pattern of any commodity or house hold income of Bangladeshis as @Nilgiri rightly said Bangladesh figures dont support the actual situation on ground.

Nilgiri is not an angel neither is a Prophet that whatever he says is correct. He is nothing more than a Bihari slum dog troll.

You are talking about base year. Yes Pakistan's base year is based on 2005 so is that of Bangladesh. Only India measure GDP based on 2011-12 base year that is why it's economy looks little bigger.

That idiot is mixing up per capita gdp (nominal) with real per capita gdp. He is quoting an 2016 data which is outdated as Pakistan showed increase of population after that point which brought down it's per capita gdp and now devaluation of Pakistani currency as well brought down per capita gdp more. Due to this dual reason Bangladesh is now about to move ahead of Pakistan in total nominal GDP as well and about to become second largest economy in South Asia despite having 25% less population.

If you take into consideration of upto date data I am quite sure Bangladesh is well ahead of Pakistan in terms of constant per capita gdp as well and not far from total gdp as well.

We already moved ahead of Pakistan but we do not wish it anything bad. Bangladesh has certain aim and target and it is just trying to achieve it. While achieving it, Bangladesh just moving ahead of some of it's neighbor which were in better position than Bangladesh. Just for example Bangladesh's per capita GDP (nominal) was only 50-55% of Pakistan back in 2005-6 and last year it has overtaken it. Obviously it is an achievement.

 

[SunilM]

7.8 % growth is exceptional. Ignore the trolls, Continue this for the next decade and BD I think would be a completely different place. Again guys exceptional, and this is how South Asian nations should compete with each other.

 

[Baby Leone]

I don't think a whole lot of people are gleeful that they beat Pakistan. To the new generation - Pakistan is an abstract entity - and I'm sure the reverse is true as well. To be honest - Pakistan (or for that matter India) cannot be a milestone for Bangladeshi development economists to celebrate, and again the reverse is also true.

Pakistanis should be happy that a country with similar religious background and economic indicators (in spite of rancid politics to the contrary) has gotten better economically and they should have some introspection on why that happened. You can learn something from everywhere - however negative or positive.

But there can be no boasting between brothers. This is silly.



I don't put too much stock on a clueless outsider who has never even been to Bangladesh, rattling off theoretical garbage about 'situation on the ground' in Bangladesh. This person is using Pakistanis to sow hatred between Bangladesh and Pakistan. How would he know about 'actual Bangladeshi situation on ground'??

All the Bangladeshi PDF'ers here are saying one thing and he (and his ten other false flagger accounts) are saying another.

All he does is bad-mouth people. Look at every one of his posts. This is Ramadan and I have ignored him, so I don't want to grace one of his posts with a response.

Tell you what. If you can't go visit Bangladesh, try to visit some of the threads I have opened about Urban development, Export industry and other items about Bangladesh. Those are all factual threads. They will tell you where we did good and where we still suck

Ask any of the economist types here @Homo Sapiens, @fallstuff @Black_cats bhais and they will clue you in. My apologies if I forgot anyone....

well thats true but if someone is quoting facts and figures cant be wrong.....and if the economy situation which includes per capita, gets better the immediate effect is on consumption pattern which is not the fact in Bangladesh.......see while as per you guys Pakistan per capita is lower then Bangladesh now but still Pakistan retail sector and consumption is fastest in the world and average Pakistani consume every thing almost double then average Bangladeshi.

We are more then happy to see Bangladesh progress and we wish them best as Pakistanis are normally happy people with every thing.....but there is some thing really fishy in the figures your govt quote and consumption patterns whic is direct effect of per capita increase.

 

[Homo Sapiens]

Many countries have had large devaluations of their currency since 1995 (particularly since 1998), which may cause the current dollar series to be lower than the constant dollar series.

This is the reason why Indian real GDP is now higher than it's nominal GDP.In the last 10 year, Indian rupee gone from $1=42 INR to $1=67 INR, a depreciation of 60% against dollar.On the other hand Bangladeshi Taka gone from $1=68 BDT to $1=84 BDT, a depreciation of just 24%. In the last decade, both country's inflation rate did not have much wide gap and it's role in nominal GDP differential is rather sub ordinate to currency depreciation. To avoid this distortion caused by differential rate of currency depreciation against Dollar and inflation rate, it is safe to stick to either Real GDP per capita in exchange rate in constant Dollar or PPP per capita in constant dollar.I prefer the PPP per capita in constant dollar for 3 reasons-

1.Inflation adjusted.
2.No distortion caused by currency exchange rate fluctuation.
3.It gives a balanced picture of purchasing power and living standard across the countries. Specially for both developed and developing countries.

Our current real GDP figure is less than the nominal figure and for India's case it is the opposite.But this is not given for all times.If our currency start depreciating much faster rate than Rupee than a time will come when our real GDP figure will be higher than Nominal figure. During BNP times in 2001-2006 when Taka depreciated much faster against dollar and gone from $1=40 BDT to $1=65 BDT within 5 years, our real GDP figure was higher than Nominal figure. These things are only important if we want to compare GDP per capita in nominal terms.But if we compare in real GDP per capita or PPP per capita in constant dollar, then we don't need to worry about these things or to get confused. Now look at some data-

In 2018, GDP PPP per capita in 2011 constant dollar-
Bangladesh-4,062
India-6,933 - 70% higher than BD
Pakistan-5,056 - 24% higher than BD

In 2006, GDP PPP per capita in 2011 constant dollar-
Bangladesh-2,199
India-3,506 - 59% higher than BD
Pakistan-4,088 - 86% higher than BD

https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?pr.x=70&pr.y=13&sy=2000&ey=2018&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,564,534&s=NGDPRPPPPC&grp=0&a=

Note here that, Pakistan achieved per capita GDP PPP 12 years ago of what Bangladesh achieved just by now! Before 2009, Pakistan's GDP per capita was even higher than India for all along. So some of the things which Pakistan is much ahead of BD or even India, can be realized from these data. Average Pakistani's asset value is twice of a Bangladeshi, it is even higher than an Indian. Reflecting the previous comparative prosperity of Pakistanis. Although both Indians and Bangladeshis are closing this asset gap quickly due to faster rise of per capita GDP, still it will take few years for Indians and a longer time for Bangladesh(15 years at least) to achieve parity with Pakistan. For this same reason Pakistan's household electricity connection and ownership of some other household durable and non durable goods is more than Bangladesh or India. On naked eyes, Pakistan looks much prosperous country than Bangladesh or even in some cases than India. Pakistan's road infrastructure development is also much ahead of Bangladesh and only recently India catched up with them. So although we are touching Pakistan in per capita GDP within next few years, but it will take some more year to reflect that closing on the ground.
@UKBengali @Ashik Mahmud @Bilal9 @TopCat @bluesky @mb444

 

[bluesky]

https://datahelpdesk.worldbank.org/...is-the-difference-between-current-and-constan

What is the difference between current and constant data?
← Currencies

Data reported in current (or “nominal”) prices for each year are in the value of the currency for that particular year. For example, current price data shown for 1990 are based on 1990 prices, for 2000 are based on 2000 prices, and so on. Other series in World Development Indicators (WDI) show data in "constant" or "real" terms. Constant series show the data for each year in the value of a particular base year. Thus, for example, data reported in constant 2010 prices show data for 1990, 2000, and all other years in 2010 prices.

Current series are influenced by the effect of price inflation. Constant series are used to measure the true growth of a series, i.e. adjusting for the effects of price inflation. For example (using year one as the base year), suppose nominal Gross Domestic Product (GDP) rises from 100 billion to 110 billion, and inflation is about 4%. In real prices, the second year GDP would be approximately 106 billion, reflecting its true growth of 6%.

Except for rare instances of deflation (i.e. negative inflation), a country's current price series on a local currency basis will be higher than its constant price series in the years succeeding the constant price base year. However, this relationship does not hold when the data are converted to a common currency such as U.S. dollars. Many countries have had large devaluations of their currency since 1995 (particularly since 1998), which may cause the current dollar series to be lower than the constant dollar series.

Please note that the term "real" has a different meaning when considering data in Purchasing Power Parity (PPP) terms. While "nominal" GDP in the International Comparison Program does refer to the regular national accounts GDP in current prices, "real" GDP is considered to be the PPP GDP in current prices. We also show PPP GDP in constant prices by simply applying the regular national accounts growth rates for GDP to derive the series for PPP GDP in constant 2011 U.S. dollars

Thanks for the input. Quite educational.
@Nilgiri

 

[Bilal9]

well thats true but if someone is quoting facts and figures cant be wrong

You can question where he got his figures. Anyone can doctor figures but proof of the pudding is at least partially in disposable incomes and consumption patterns like you said.

but still Pakistan retail sector and consumption is fastest in the world and average Pakistani consume every thing almost double then average Bangladeshi.

Well I can tell you that Bangladeshis maybe as big a spender as Pakistanis in most cases but they are also smart shoppers. Take for example buying clothing during Eid when most of them will go overseas to shop.

The entire retail economy of Calcutta is dependent on Bangladeshi shoppers shopping during that season for jewelry and clothing because Indian items are _cheap_ compared to buying in Dhaka. What Calcutta shopkeepers cannot do in retail business all year, they make up for it in Eid seasons from Bangladeshi shoppers. Calcutta's economy would be in serious dire straits if not for Bangladeshi shoppers and tourists.

More well-heeled Bangladeshi shoppers will fly directly to Bangkok or Singapore to shop, sometimes Delhi if they need ethnic wear, sarees and top-grade Indian designer wear from boutiques. All this money is being spent overseas and not in Dhaka.

As @Homo Sapiens bhai and @Centaur bhai can vouch these are longstanding spending patterns. So consumption numbers in Bangladesh will be skewed no doubt.

 

[Nike]

This is the reason why Indian real GDP is now higher than it's nominal GDP.In the last 10 year, Indian rupee gone from $1=42 INR to $1=67 INR to dollar, a depreciation of 60% against dollar.On the other hand Bangladeshi Taka gone from $1=68 BDT to $1=84 BDT, a depreciation of just 24%. In the last decade, both country's inflation rate did not have much wide gap and it's role in nominal GDP differential is rather sub ordinate to currency depreciation. To avoid this distortion caused by differential rate of currency depreciation against Dollar and inflation rate, it is safe to stick to either Real GDP per capita in exchange rate in constant Dollar or PPP per capita in constant dollar.I prefer the PPP per capita in constant dollar for 3 factors-

1.Inflation adjusted.
2.No distortion caused by currency fluctuation.
3.It gives a balanced purchasing power and living standard across the countries. Specially for both developed and developing countries.

Our current real GDP figure is less than the nominal figure and for India's case it is the opposite.But this is not given for all times.If our currency start depreciation much faster rate than Rupee than a time will come when our real GDP figure will be higher than Nominal figure.During BNP times in 2001-2006 when Taka depreciated much faster against dollar and gone from $1=40 BDT to $1=65 BDT within 5 years, our real GDP figure was higher than Nominal figure. These things are only important if we want to compare GDP per capita in nominal terms.But if we compare in real GDP per capita or PPP per capita in constant dollar, then we don't need to worry about these things or to get confused. Now look at some data-

In 2018, GDP PPP per capita in 2011 constant dollar-
Bangladesh-4,062
India-6,933 - 70% higher than BD
Pakistan-5,056 - 24% higher than BD

In 2006, GDP PPP per capita in 2011 constant dollar-
Bangladesh-2,199
India-3,506 - 59% higher than BD
Pakistan-4,088 - 86% higher than BD

https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?pr.x=70&pr.y=13&sy=2000&ey=2018&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,564,534&s=NGDPRPPPPC&grp=0&a=

Note here that, Pakistan achieved per capita GDP PPP 12 years ago of what Bangladesh achieved just by now! Before 2009, Pakistan's GDP per capita was even higher than India for all along. So some of the things which Pakistan is much ahead of BD or even India, can be realized from these data. Average Pakistani's asset value is twice of a Bangladeshi, it is even higher than an Indian. Reflecting the previous comparative prosperity of Pakistanis. Although both Indians and Bangladeshis are closing this asset gap quickly due to faster rise of per capita GDP, still it will take few years for Indians and a longer time for Bangladesh(15 years at least) to achieve parity with Pakistan. For this same reason Pakistan's household electricity connection and ownership of some other household durable and non durable goods is more than Bangladesh or India. On naked eyes, Pakistan looks much prosperous country than Bangladesh or even in some cases than India. Pakistan's road infrastructure development is also much ahead of Bangladesh and only recently India catched up with them. So although we are touching Pakistan in per capita GDP within next few years, but it will take some more year to reflect that closing on the ground.
@UKBengali @Ashik Mahmud @Bilal9 @TopCat @bluesky @mb444

Pakistan is a lost cause, beyond any hope if i concur frankly . Their willingness to invest more toward sunkhole called military expenditure is beyond reason and truly worrysome actually. They actually failed to invest more toward education, health and good governance sector (reformation in civil sector), at long terms it will be India and Bangladesh to dominating economic activities in much South Asia. The only saving grace of Pakistan is they had already placed infrastructure in transportation, logistic, energy and some heavy industry leftover from their robust Economic activities during 60's to 80's decaded but without robust private sector (in which the growth will be halted because of their failed investment toward human sector of their country like health and education) their economy will be deteroriate any further.

@Nilgiri @django

 

[Homo Sapiens]

You can question where he got his figures. Anyone can doctor figures but proof of the pudding is at least partially in disposable incomes and consumption patterns like you said.



Well I can tell you that Bangladeshis maybe as big a spender as Pakistanis in most cases but they are also smart shoppers. Take for example buying clothing during Eid when most of them will go overseas to shop.

The entire retail economy of Calcutta is dependent on Bangladeshi shoppers shopping during that season for jewelry and clothing because Indian items are _cheap_ compared to buying in Dhaka. What Calcutta shopkeepers cannot do in retail business all year, they make up for it in Eid seasons from Bangladeshi shoppers. Calcutta's economy would be in serious dire straits if not for Bangladeshi shoppers and tourists.

More well-heeled Bangladeshi shoppers will fly directly to Bangkok or Singapore to shop, sometimes Delhi if they need ethnic wear, sarees and top-grade Indian designer wear from boutiques. All this money is being spent overseas and not in Dhaka.

As @Homo Sapiens bhai and @Centaur bhai can vouch these are longstanding spending patterns. So consumption numbers in Bangladesh will be skewed no doubt.

Pakistan's per capita gdp in ppp was 86% higher than BD just 12 years ago, now it is just 24% higher. Pakistan's runaway population growth and lower GDP growth rate will ensure that, this gap will close and eventually reverse within 5-6 years.

Currently an Indian has gdp ppp per capita of 70% higher than a Bangladeshi. Note that, Indian base year is relatively up to date, using 2015-2016 base year, while we are still stuck at 2005-2006. Plus, if we exclude the Vedic calculation in Indian economic data and Modi magic effect which even the top economists are scratching their head to understand India's Vedic GDP growth, then we can safely conclude that, India's GDP ppp per capita is no more than 25%-30% higher than BD in reality and the vast majority Indian have lower living standard than an average Bangladeshi barring a few pocket of prosperity in Gurgaon, Delhi, Mumbai, Bangalore, Goa and some other capital cities.

 

[Bilal9]

Pakistan's per capita gdp in ppp was 86% higher than BD just 12 years ago, now it is just 24% higher. Pakistan's runaway population growth and lower GDP growth rate will ensure that, this gap will close and eventually reverse within 5-6 years.

Currently an Indian has gdp ppp per capita of 70% higher than Bangladesh. Note that, Indian base year is relatively up to date, using 2015-2016 base year, while we are still stuck at 2005-2006. Plus, if we exclude the Vedic calculation in Indian economic data and Modi magic effect which even the top economists are scratching their head to understand India's Vedic GDP growth, then we can safely conclude that, India's GDP ppp per capita is no more than 25%-30% higher than BD and the vast majority Indian have lower living standard than an average Bangladeshi barring a few pocket of prosperity in Gurgaon, Delhi,Mumbai,Bangalore, Goa and some others.

My thoughts exactly. Even leaving out the BIMARU states, rest of India is not doing spectacularly well except those states you mentioned and a few states and their capital cities in the South like Andhra, Kerala and TN.

Now watch trolls start posting pictures of shopping malls and IT Backoffice company HQ's.

But like most of our sane Indian posters were saying - who cares about all this comparison? Main thing is that Bangladesh is doing something right. And there is no shame or harm in emulating this formula across the subcontinent....with no skin off our collective backs in Bangladesh...

 

[Michael Corleone]

Vegan cleanse haha...



Not my fault very few smart BD ppl here...otherwise I would tag more of them.

@bluesky and @Michael Corleone and cpl others are at least freethinkers off the groupthink plantation.

But Indian economy is a giant compared to what bd is... in Indian subcontinent... yes bd is doing better than most but I believe this growth is mainly due to the current size, investment opportunities etc... if we can maintain current growth when our gdp reaches india’s Current gdp value should be the question.