Even Bangladesh has a higher GDP than India, says Mitra

[BringHarmony]

Where did you get the figure INR 154600? It

https://www.imf.org/external/pubs/f...ort=country&ds=.&br=1&c=534&s=NGDPPC&grp=0&a=

Another thing change in BDT was in the range 80-85 against dollar but for INR it was like 65-75 against USD.

Over what period and does it even matter?

 

[Black_cats]

https://www.imf.org/external/pubs/f...ort=country&ds=.&br=1&c=534&s=NGDPPC&grp=0&a=


Over what period and does it even matter?

That prediction doesn’t match with Indian government data. Plus Indian media itself predicted by 2020 Bangladesh will overtake India’s per capita income anyway!

Indicates IMF data is not up to date and using 2017 or 2018 as base which no longer applies to India.

https://www.google.com/amp/s/wap.bu...al-development-indicators-118052700710_1.html

 

[BringHarmony]

That prediction doesn’t match with Indian government data. Plus Indian media itself predicted by 2020 Bangladesh will overtake India’s per capita income anyway!

Its GDP dear. You are quoting GNI.

Oh, btw, IMF knows how to update its data better than your sources.

 

[Black_cats]

"The per-capita income at current prices during 2018-19 is estimated to have attained a level of Rs 1,26,406 (Rs 10,533.83 monthly) as compared to the estimated for the year 2017-18 of Rs 1,14,958 (Rs 9,579.83 a month), showing a rise of 10 per cent," according to the annual national income and GDP 2018-19 data released by the ministry of statistics and programme implementation (MoSPI).

https://www.google.com/amp/s/m.time...-a-month-in-fy19/amp_articleshow/69601770.cms

Its GDP dear. You are quote GNI.

We are talking about Per capita income not gdp.

 

[BringHarmony]

We are talking about Per capita income not gdp.

My post was about both. I even mentioned there.

 

[Black_cats]

My post was about both. I even mentioned there.

I showed you Indian government data for the year 2019. With that Bangladesh has overtaken India in terms of per capita income.

 

[BringHarmony]

I showed you Indian government data for the year 2019. With that Bangladesh has overtaken India in terms of per capita income.

If you really want to compare, you need to account for inflation as well. Ie, express the same in constant LCU or constant USD. B'Desh has a hell lot of inflation growth compared to India.

Here

https://data.worldbank.org/indicator/NY.GNP.PCAP.KD?locations=BD-IN

India GNI (2018, constant USD) : 2079
B'Desh GNI (2018, constant USD) : 1258

 

[fallstuff]

These threads always end up in trolling paradise.

 

[Michael Corleone]

Why does india media always say "even" bangladesh? Like its so hard to match indian gdp growth of 5 percent? Wtf these ppl are smoking. Most third world countries have higher gdp growth then india.
India is one of very few third world economies growing at below 5 percent. India has to grow 9 percent to create employment of its 1.3 billion ppl which soon will over take even china in terms of population. Good luck!

Because they look down on us.
I could care less as long as all my Indian classmates admits Bangladesh’s progress, output and outcome in future. Ie bd will become a developed country much easier and faster than India.

 

[UKBengali]

Because they look down on us.
I could care less as long as all my Indian classmates admits Bangladesh’s progress, output and outcome in future. Ie bd will become a developed country much easier and faster than India.

In 10 years BD'shis will be looking down on Indians.

 

[bluesky]

GDP:
India (INR 154,600.532) will give 2185 USD
BD ( BD Taka 164,762.890) will give 1942.05 USD

So, India's and BD's GDP per capita is neck to neck, not a big difference. However, the poor people at the lowest rung in BD are living better than the same group in India.

 

[Black_cats]

So, India's and BD's GDP per capita is neck to neck, not a big difference. However, the poor people at the lowest rung in BD are living better than the same group in India.

Both using different base year. India is using 2011/2015 base year where as Bangladesh is using 2005 base year. Updating base year will reduce the gap or perhaps makes Bangladesh ahead of Nadia as of now. But in next few years with higher gdp growth and lower population growth Bangladesh will be ahead of India!

If you really want to compare, you need to account for inflation as well. Ie, express the same in constant LCU or constant USD. B'Desh has a hell lot of inflation growth compared to India.

Here

https://data.worldbank.org/indicator/NY.GNP.PCAP.KD?locations=BD-IN

India GNI (2018, constant USD) : 2079
B'Desh GNI (2018, constant USD) : 1258

View attachment 600035

You are just jumping from one thing to another. Stick to the topic!

 

[BringHarmony]

You are just jumping from one thing to another. Stick to the topic!

The topic was GDP but you started income and what not. After that you started talking about forex fluctuation. So its apt that I show you how REAL comparisons are done. @Nilgiri how to explain concept of inflation/deflators and real growth to these folks?

the poor people at the lowest rung in BD are living better than the same group in India.

Based on what? I did look into socio parameters like IMR, literacy rate, life expectency, GNI per capita and India and Bangladesh were pretty similar.

Lastly, if you REALLY want to know how poors are living you will need rank metrics like median or 90th percentile or 95 percentile metrices. Sadly those are not available for either countries. All metrices like per capita are averaging. So they are influenced by highs and lows.

Both using different base year. India is using 2011/2015 base year where as Bangladesh is using 2005 base year. Updating base year will reduce the gap or perhaps makes Bangladesh ahead of Nadia as of now. But in next few years with higher gdp growth and lower population growth Bangladesh will be ahead of India!

India's base year is 2011. From the looks of it, they may also change the base year in sometime. Till they rebase it we won't know how the economy will look. Rebasing looks into new/more relevant sectors of economy to get a better picture of economy.

https://economictimes.indiatimes.co...-few-months/articleshow/71921289.cms?from=mdr

 

[Black_cats]

The topic was GDP but you started income and what not. After that you started talking about forex fluctuation. So its apt that I show you how REAL comparisons are done. @Nilgiri how to explain concept of inflation/deflators and real growth to these folks?


Based on what? I did look into socio parameters like IMR, literacy rate, life expectency, GNI per capita and India and Bangladesh were pretty similar.

Lastly, if you REALLY want to know how poors are living you will need rank metrics like median or 90th percentile or 95 percentile metrices. Sadly those are not available for either countries. All metrices like per capita are averaging. So they are influenced by highs and lows.


India's base year is 2011. From the looks of it, they may also change the base year in sometime. Till they rebase it we won't know how the economy will look. Rebasing looks into new/more relevant sectors of economy to get a better picture of economy.

https://economictimes.indiatimes.co...-few-months/articleshow/71921289.cms?from=mdr

It’s you who claimed and tried to claim couple of time India is ahead of Bangladesh in terms of per capita income. I didn’t quote you it’s you who have done and claimed the above. Even if it is GDP growth Bangladesh is ahead. In terms of per capita gdp considering base year I don’t think there will be any difference between India and Bangladesh either. Considering higher economic and lower population growth in next few years Bangladesh will be far ahead of India in next few years.

The guy at the article more or less mentioned the same.

Just for info Bangladesh is still using 2005 as base year where as India is about to upgrade to 2017. Bangladesh economy has changed substantially since 2005. You can expect a big boost if base year is upgraded to 2017 like India.

 

[BringHarmony]

It’s you who claimed and tried to claim couple of time India is ahead of Bangladesh in terms of per capita income.

Which is true.

Even if it is GDP growth Bangladesh is ahead.

And you were saying I am jumping from point to point... So you went from GDP to GNI to forex fluctuation to GDP growth.

In terms of per capita gdp considering base year I don’t think there will be any difference between India and Bangladesh either

Depends upon structure of economy and its sectors. Hard to say before rebase is done.