Comparing India's growth with Bangladesh inappropriate: Indian minister tells parliament

[Black_cats]

Comparing India's growth with Bangladesh inappropriate: Indian minister tells parliament

GLOBAL ECONOMY
TBS Report
28 July, 2021, 08:10 pm
Last modified: 28 July, 2021, 08:47 pm

GDP growth rates of Bangladesh (at constant price) are 7.1%, 7.3%, 7.9%, 8.2% and 2.4% for the years 2016 to 2020 respectively as per the World Bank database

A barber wearing a protective face mask looks at his mobile phone as he waits for customers, amidst the spread of coronavirus disease (Covid-19), in the old quarters of Delhi, August 24, 2020. REUTERS/Adnan Abidi

A barber wearing a protective face mask looks at his mobile phone as he waits for customers, amidst the spread of coronavirus disease (Covid-19), in the old quarters of Delhi, August 24, 2020. REUTERS/Adnan Abidi

Bangladeshi economy's gross domestic product (GDP) growth rate has been higher than that of India's economy during 2017-2020.

India's Minister of State Rao Inderjit Singh told the country's Lok Sabha that though GDP growth rates of India's economy are less than that of Bangladesh during 2017-2020, such comparison of economies of significantly different sizes may not be appropriate, reports the Economic Times.

"India has been registering a fair GDP growth rate(at constant prices)…Though the growth rates are less than those of Bangladesh during 2017 to 2020, such comparison of economies of significantly different sizes may not be appropriate," he said in a written reply.

IMF downgrades India's growth projection from 12.5% to 9.5% for fiscal 2021-22
India's economy grew 8.3%, 6.8%, 6.5%, 4.0% and -7.3% in FY17, FY18, FY19, FY20 and FY21, respectively.

"Year 2020-21 GDP growth witnessed a decline due to Covid-19 pandemic," Singh said.

GDP growth rates of Bangladesh (at constant price) are 7.1%, 7.3%, 7.9%, 8.2% and 2.4% for the years 2016 to 2020 respectively as per the World Bank database.

In a separate reply, Singh said that the government released Rs1,107.5 crore under the Members of Parliament Local Area Development Scheme (MPLADS) fund against the pending instalments of 2019-20 and previous years in 2020-21 to clear the committed liabilities and help the people during the Covid-19 pandemic.

The Indian government has also decided to release all pending instalments of 2019-20 in respect of Members of Parliament of Lok Sabha and Rajya Sabha during 2021-22, subject to the fulfilment of eligibility criteria and submission of eligible documents by district Authorities, as per the MPLADS guidelines.

Singh said that there are no proposals under consideration of the government for restoration of MPLADS funds for 2020-21 and 2021-22 and to increase the MPLADS allocation to Rs10 crore from Rs5 crore.

Comparing India's growth with Bangladesh inappropriate: Indian minister tells parliament

GDP growth rates of Bangladesh (at constant price) are 7.1%, 7.3%, 7.9%, 8.2% and 2.4% for the years 2016 to 2020 respectively as per the World Bank database

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[Bilal9]

No matter how you sugar-coat it, Modi has effed up Indian economy for the next five years, if not the next decade.

If India registers 9% + growth this next fiscal, I'll be surprised.

Competing with China, good luck.

Demonetization, GST (as well as three/four other inopportune moves by the uneducated Nirmala) were serious screw-ups, and will need time to get over.

 

[ALShill]

No matter how you sugar-coat it, Modi has effed up Indian economy for the next five years, if not the next decade.

If India registers 9% + growth this next fiscal, I'll be surprised.

Competing with China, good luck.

Demonetization, GST (as well as three/four other inopportune moves by the uneducated Nirmala) were serious screw-ups, and will need time to get over.

Tbf he's not wrong comparing gdp per capita is dumb. Parts of India with similar population to Bangladesh are far ahead of us we still have a very long way to go

 

[mmr]

No matter how you sugar-coat it, Modi has effed up Indian economy for the next five years, if not the next decade.

If India registers 9% + growth this next fiscal, I'll be surprised.

Competing with China, good luck.

Demonetization, GST (as well as three/four other inopportune moves by the uneducated Nirmala) were serious screw-ups, and will need time to get over.

india should compete with somalia. they will surely win.

 

[Saiful Islam]

India worried about Bung alaaaaar deehsh. They're growth rates, we're growing. Let a country f-cking grow?

 

[Surya 1]

India has a very huge parallel economy. I have many friends who have properties ranging from few hundred to few thousand crore but it is shawn as as few hundred crore. Particularly, real assets is shown at one forth of price and land is shown at 2 to 10 pc of real value. Most of transection are shown at just one forth to one tent value on many businesses.

 

[Pakistan First]

FY21: Indian GDP declined by 7.9%
FY21: Pakistan's GDP grew by 3.1%

 

[ALShill]

FY21: Indian GDP declined by 7.9%
FY21: Pakistan's GDP grew by 3.1%

At the end of the day South Asia is pretty crap in general people were really arguing over a few hundred difference in gdp per capita in some other threads lol. The goal should be to reach ASEAN status at the very least by 2040. Chinese growth is unrealistic for various reasons.

 

[Death Professor]

Yes, India should compare it's economy with China instead of Bangladesh.

Oh wait nvm......

 

[Bilal9]

Tbf he's not wrong comparing gdp per capita is dumb. Parts of India with similar population to Bangladesh are far ahead of us we still have a very long way to go

Yes that is true. But hardly 5% (I'd say closer to 2%) of Indians live like those privileged populace in Gurgaon, Navi Mumbai, Pune, Bangalore and most of Kerala. On average our GDP per capita (real terms) is higher than India. We are still ahead of BIMARU states of course....

And things will keep improving, we shall see...

 

[Jobless Jack]

You look like a typical bihari to me. No doubt why Pakistanis fucked you up. Indian women wont spit on your face, forget about going around with them.

Own goal buddy..

 

[GumNaam]

No matter how you sugar-coat it, Modi has effed up Indian economy for the next five years, if not the next decade.

If India registers 9% + growth this next fiscal, I'll be surprised.

Competing with China, good luck.

Demonetization, GST (as well as three/four other inopportune moves by the uneducated Nirmala) were serious screw-ups, and will need time to get over.

 

[ALShill]

Yes that is true. But hardly 5% (I'd say closer to 2%) of Indians live like those privileged populace in Gurgaon, Navi Mumbai, Pune, Bangalore and most of Kerala. On average our GDP per capita (real terms) is higher than India. We are still ahead of BIMARU states of course....

And things will keep improving, we shall see...

Tbh comparing to the crappy basketcases like the Bimaru states means nothing. Its like bragging about doing better than the poor parts of Pakistan which nearly any country can do.

 

[Jobless Jack]

No matter how you sugar-coat it, Modi has effed up Indian economy for the next five years, if not the next decade.

It will take India 2 decades to get back to their pre 2014 position from the damaging economic and social policies of BJP. That is if they are lucky. Otherwise faar longer.

Modi Xi has changed india forever on fatal trajectory

 

[Michael Corleone]

Most of your girls earn from sona kache. Why do I need to visit that shitty hell hole ?

Better than earning by getting rods shoved up their ***

You look like a typical bihari to me. No doubt why Pakistanis fucked you up. Indian women wont spit on your face, forget about going around with them.

You’re beating the wrong door. He lost his virginity with an Indian lol. Dalal has more experience with Indian girls than you or me