Bangladesh's per capita income rises to $2,227

[F-6 enthusiast]

By the way fellas, Bangladesh is graduating from LDC, which may or may not be good depending on the context.

https://www.facebook.com/video.php?v=429532894795767

@F-6 enthusiast any idea when this was announced?

this was probably 2 months ago

 

[Kyusuibu Honbu]

I am disappointed. You should've posted ready pictures of wide freeways and high rises in Bangalore, Navi Mumbai and Gurgaon and taught us Bangalis a lesson.

Inclusive growth Indian ishtyle.

What is wrong with you people?

You seemed to have me confused with Chinese folks here

I am more of stats guy over pics of propaganda value

 

[Maira La]

You seemed to have me confused with Chinese folks here

I am more of stats guy over pics of propaganda value

Ok then my wannabe intellectual Dalit, suck this stats.

India ranks 94 in Hunger Index, below Pakistan, Nepal and Bangladesh

India ranked 94 among 107 nations in the Global Hunger Index 2020 and was in the 'serious' hunger category with experts blaming poor implementation processes, lack of effective monitoring, siloed approach in tackling malnutrition and poor performance by large states behind the low ranking.

www.tribuneindia.com

 

[Bilal9]

By the way fellas, Bangladesh is graduating from LDC, which may or may not be good depending on the context.

That is true, we will lose GSP benefits for sure, but we get a five year delay for GSP after graduating from LDC to developing country.

In the interim - we must diversify our exports and turn up value addition on other products besides apparel several notches. Therefore - skill upgradation of labor is a must. This will not be a cakewalk but we have no alternative.

Electronics, home appliances, automobiles, pharma and shipbuilding seem like major sectors, in no particular order of importance.

 

[F-6 enthusiast]

That is true, we will lose GSP benefits for sure, but we get a five year delay for GSP after graduating from LDC to developing country.

In the interim - we must diversify our exports and turn up value addition or other products several notches. Therefore - skill upgradation of labor is a must. This will be no cakewalk but we have no alternative.

What about GSP+ is that something we can pursue ?

 

[StraightEdge]

Good, I wish BD keeps improving it's economy and livelihood of common man. BD has faced lot of natural disasters in recent past, so it's important for the country to grow economically. Also many in India doesn't take the country seriously, I hope this opens up their eyes and stop being condescending to other nations.

Coming to the numbers, I don't know what variables were taken into account, but it clearly shows that BD was not in recession in 2020. Even without covid playing a spoil sport the growth rate is supposed to stagnate in 2021.
Source: https://www.dhakatribune.com/bangla...-bangladesh-can-expect-3-6-gdp-growth-in-2021
BD needs to be careful about covid, a 2nd wave like India will devastate the economy/society.

As for GDP per capita, I think people here don't realise BD actually crossed India's GDP per capita in 1991. So this is not something new, if it happens. As for GDP per capita, how exactly are you measuring? Is it PPP terms or nominal? Many economists still argue whether PPP is a better method, while some keep using nominal. Based on what you chose, China and US trade places if you choose PPP vs nominal method.

This is what I found latest, obviously there has been movement in past year and we had a recession of -7% in India.

Also, if you consider GDP based on nominal calculation, is it based on current exchange rates or with constant exchange rates? Various methods will result in different outcomes. You can chose whatever you may like, but what it means at the end of the day is that no one method is more appropriate than other in every case.

I am attaching the graphs for reference. This is not to prove whether BD is better or worse than India. I am sure none of us cares whether they are better/worse than other, what matters if both the countries have enough to feed ourselves.

 

[Bilal9]

What about GSP+ is that something we can pursue ?

There has been discussion on this in local press,

Experts: Bangladesh should start preparations to secure GSP+

Debapriya Bhattacharya, a distinguished fellow of the Centre for Policy Dialogue (CPD), said that in order to be eligible for GSP+, the country needs to fulfil a few criteria first

www.dhakatribune.com

GSP+ for Bangladesh means delivering on commitments: MEP Karim

Member of the European Parliament (MEP) and South Asia Trade Monitoring Committee within the European Parliament Sajjad Karim has urged Bangladesh to deliver on its Sustainability Compact commitments or risk advancement in its trade status. Dr Karim made the reminder to Commerce Minister Tofail...

www.theindependentbd.com

Can Bangladesh get prepared for EU's GSP-plus?

Over the past few years, Bangladesh has progressed a lot in terms of economic and social development. However, graduation from the LDC group will be the most important milestone that Bangladesh could achieve in the coming years. But the question remains: is Bangladesh's trade sector ready to face t

www.thefinancialexpress.com.bd

In addition, Bangladesh has sought and probably chosen consultants for securing GSP Plus.

EU Trade Preference GSP+ to Bangladesh Conditional

Preferential treatment of Bangladesh's goods and services in the European Union (EU) market in the future will depend on implementation of 27 core UN conventions on human and labour rights, environmental protection and good governance, according to the EU during a virtual high-level policy...

www.steinandpartners.com

 

[F-6 enthusiast]

In addition, Bangladesh has sought and probably chosen consultants for securing GSP Plus.

that's a good sign , they should hire some fine lawyers/consultants.

 

[Chakar The Great]

Well done Bangladesh, ignore your poor neighbour. Who is self obsessed and hated by every one, even them selves.

 

[Maira La]

Good, I wish BD keeps improving it's economy and livelihood of common man. BD has faced lot of natural disasters in recent past, so it's important for the country to grow economically. Also many in India doesn't take the country seriously, I hope this opens up their eyes and stop being condescending to other nations.

Coming to the numbers, I don't know what variables were taken into account, but it clearly shows that BD was not in recession in 2020. Even without covid playing a spoil sport the growth rate is supposed to stagnate in 2021.
Source: https://www.dhakatribune.com/bangla...-bangladesh-can-expect-3-6-gdp-growth-in-2021
BD needs to be careful about covid, a 2nd wave like India will devastate the economy/society.

As for GDP per capita, I think people here don't realise BD actually crossed India's GDP per capita in 1991. So this is not something new, if it happens. As for GDP per capita, how exactly are you measuring? Is it PPP terms or nominal? Many economists still argue whether PPP is a better method, while some keep using nominal. Based on what you chose, China and US trade places if you choose PPP vs nominal method.

View attachment 744800

This is what I found latest, obviously there has been movement in past year and we had a recession of -7% in India.

Also, if you consider GDP based on nominal calculation, is it based on current exchange rates or with constant exchange rates? Various methods will result in different outcomes. You can chose whatever you may like, but what it means at the end of the day is that no one method is more appropriate than other in every case.

View attachment 744806

View attachment 744807

I am attaching the graphs for reference. This is not to prove whether BD is better or worse than India. I am sure none of us cares whether they are better/worse than other, what matters if both the countries have enough to feed ourselves.

BD surpassed India's GDP per capita in 2020, so 2019 figures are irrelevant. PPP is also irrelevant, we are comparing nominal GDP/capita. It's embarrassing I know. When the news was published (our per capita surpassing yours) all your media outlets went to take cover under PPP right away, that too comparing entire GDP (PPP) and not per capita. Such lowlives.

To be honest, I'm not really bothered by slight GDP per capita differences. It's all in the same ballpark. I have no clue why it hurts Pajeet egos so bad.

 

[Bilal9]

Good, I wish BD keeps improving it's economy and livelihood of common man. BD has faced lot of natural disasters in recent past, so it's important for the country to grow economically. Also many in India doesn't take the country seriously, I hope this opens up their eyes and stop being condescending to other nations.

Coming to the numbers, I don't know what variables were taken into account, but it clearly shows that BD was not in recession in 2020. Even without covid playing a spoil sport the growth rate is supposed to stagnate in 2021.
Source: https://www.dhakatribune.com/bangla...-bangladesh-can-expect-3-6-gdp-growth-in-2021
BD needs to be careful about covid, a 2nd wave like India will devastate the economy/society.

As for GDP per capita, I think people here don't realise BD actually crossed India's GDP per capita in 1991. So this is not something new, if it happens. As for GDP per capita, how exactly are you measuring? Is it PPP terms or nominal? Many economists still argue whether PPP is a better method, while some keep using nominal. Based on what you chose, China and US trade places if you choose PPP vs nominal method.

View attachment 744800

This is what I found latest, obviously there has been movement in past year and we had a recession of -7% in India.

Also, if you consider GDP based on nominal calculation, is it based on current exchange rates or with constant exchange rates? Various methods will result in different outcomes. You can chose whatever you may like, but what it means at the end of the day is that no one method is more appropriate than other in every case.

View attachment 744806

View attachment 744807

I am attaching the graphs for reference. This is not to prove whether BD is better or worse than India. I am sure none of us cares whether they are better/worse than other, what matters if both the countries have enough to feed ourselves.

Levities aside, maybe we should not be splitting hairs between GDP per capita of Bangladesh and India. However general trends are on the upswing for both countries.

Both countries have a LONG way to go to get to China levels of per capita GDP. That is what countries like ours should aim for (including Pakistan).

The fact that Bangladesh doing supposedly "better", bursts bhakt balloons and is a source of heartburn to some in India is amusing to Bangladeshi folks, as current BJP stalwarts (like Mr. Shah) are given to dissing Bangladeshis as a group openly as a mechanism to win votes.

 

[StraightEdge]

@StraightEdge

BD surpassed India's GDP per capita in 2020, so 2019 figures are irrelevant. PPP is also irrelevant, we are comparing nominal GDP/capita. It's embarrassing I know.

To be honest, I'm not really bothered by slight GDP per capita differences. It's all in the same ballpark. I have no clue why it hurts Pajeet egos so bad.

Either you're a Noble winning economist to say something like this, or supremely over confident. What are your arguments for this statement? I am willing to hear your logic on this.

Levities aside, maybe we should not be splitting hairs between GDP per capita of Bangladesh and India. However general trends are on the upswing for both countries.

Both countries have a LONG way to go to get to China levels of GDP. That is what countries like ours should aim for (including Pakistan).

The fact that Bangladesh doing supposedly "better", bursts bhakt balloons and is a source of heartburn to some in India is amusing to Bangladeshi folks, as current BJP stalwarts (like Mr. Shah) are given to dissing Bangladeshis as a group openly as a mechanism to win votes.

I don't mind at all if you troll the bhakts, I stopped talking to many friends who crossed over to the dark side.

And complete agree on the future part - India/BD is not even on same ballpark as China's economy. We both have some strengths, need much better education to take advantage of our huge young population.

 

[Kyusuibu Honbu]

You house the world's largest population of slum dwellers, according to all sources, no matter how you try to spin it Panjeet. The numbers may vary but the takeaway is the same: you are world's biggest slum.

India: Asia’s largest slum rings alarm bells as COVID-19 cases surge

Tightly packed clusters, dense population, and unhygienic conditions make social distancing impossible - Anadolu Ajansı

www.aa.com.tr

View attachment 744816


Keep hiding under PPP. The average Bangladeshi is now richer than the average Indian, without any sort of adjustment.

This pajeet is gonna blow any moment now.

Panjeet that 35% is 500 MILLION pajeets in slums, a number bigger than entire slum population of every other country combined, including all African countries.

Make you proud Panjeet?

Jamati

Like I mentioned earlier, you are making a bigger Jamati of yourself in each post

You seem to be slow on either Mathematics or data interpretation

The mentioned World bank indicator clearly mentions-
Population living in slums (% of urban population) - Bangladesh, India

India's urban population for the same year 34.4%

So India's slum population wrt to its total population is 35% of 34.4% of total Indian population = 47 million approximately



Also people compiling global indicators do not use numbers and % instead as nations with large population are an undue advantage

 

[Maira La]

Jamati

Like I mentioned earlier, you are making a bigger Jamati of yourself in each post

You seem to be slow on either Mathematics or data interpretation

The mentioned World bank indicator clearly mentions-
Population living in slums (% of urban population) - Bangladesh, India

India's urban population for the same year 34.4%
View attachment 744814

So India's slum population wrt to its total population is 35% of 34.4% of total Indian population = 47 million approximately



Also people compiling global indicators do not use numbers and % instead as nations with large population are an undue advantage

You house the world's largest population of slum dwellers, according to all sources, no matter how you try to spin it Panjeet. The numbers may vary but the takeaway is the same: you are world's biggest slum.

India: Asia’s largest slum rings alarm bells as COVID-19 cases surge

Tightly packed clusters, dense population, and unhygienic conditions make social distancing impossible - Anadolu Ajansı

www.aa.com.tr

Either you're a Noble winning economist to say something like this, or supremely over confident. What are your arguments for this statement? I am willing to hear your logic on this.

Keep hiding under PPP. The average Bangladeshi is now richer than the average Indian, without any sort of adjustment.

This pajeet is gonna blow any moment now.

 

[Maira La]

@StraightEdge

A simple Yes/No question for you.

If I earned BD-GDP-Per-Capita (nominal, in USD) in India, would I be richer than an Indian earning Indian-GDP-Per-Capita (nominal, in USD) in India? Yes or no? Y-E-S or N-O?

No thesis please. Thanks.