Even Bangladesh has a higher GDP than India, says Mitra

[mmr]

Its not Vancouver. Its Vancouver Island. They are not the same place. And not all places on island are in bubble.

Infact, Vancouver Island has hands down best weather in the country. Though it gets slightly windy at times.

Which part you are talking about? Even ladner detached going for 1 million plus. Thats lot dont you think? Ppl in Vancouver dont make that much its mostly foreign money.

 

[BringHarmony]

Which part you are talking about? Even ladner detached going for 1 million plus. Thats lot dont you think? Ppl in Vancouver dont make that much its mostly foreign money.

Google Vancouver island. Then look for Sooke. Actually houses are in 400K-500K range.

 

[JohnWick]

A day will come when banished will beat
United States and China.The same way it beat india.....

 

[Nilgiri]

What is clear picture?


Congrats, you rediscovered PPP. Thats not inflation btw. Thats purchasing power parity.


Once again, PPP or purchasing power is not same as inflation.

When you adjust to inflation you look at what YOUR OWN income fetched in PAST vs what it fetches NOW. When you look for PPP, you compare what a certain amount of money fetches in ONE place to ANOTHER.

These are NOT same concept.

You can actually express inflation adjusted GNI/GDP in PPP dollars too.

Take a look here (its from data.worldbank.org)

1. GNI PPP (this addresses for different prices in different places)
View attachment 600046
There is GNI PPP in current internation dollars (this does not address the inflation)
There is GNI PPP in constant 2011 international dollars (This ensures that all your money is adjusted to inflation with 2011 as base).

2. GNI (this does not address for different prices)
View attachment 600047
Again there is a constant dollar version (which addresses inflation) and a current dollar version (which does not).

So you have four metrices

1. GNI in current international dollars (which is what you are trying to use and failing)
2. GNI PPP in current international dollars ( which is what you are alluding to and failing now)
3. GNI in constant international dollars of a given year. (which is what I mentioned)
4. GNI PPP in constant international dollars of a given year. (which is even better but then you will cry about PPP)

First understand then talk about it. Okay?


@Nilgiri Did you also struggle to teach these folks basics?

Not sure why you care this much with this lot. The smart ones among them have left the forum or are very rare, I think only bluesky is left (ironically they are calling you an account of mine now, just like they did with bluesky).

Any decent economic discussion first needs smart reasonable people, just like cake needs flour.

So trying to explain basic concepts like inflation (to try get some semblance of reality past the fluff their complete election rigging govt does) to the swine mob here is not really productive. They have a Dhaka syndrome (a more sissy version of stockholm syndrome) to begin with due to certain things regarding their formation and gestation.

You can check any figure of reality out there that is not in their govt hands and can actually be fact checked (like what is their total export/import ratio, credit rating, forex stagnation, actual export composition and what it relies on, market cap, actual end-realisation of their media blab etc etc). It performs just like their lot in any free, wealthy economy....dredging the bottom. Thus the need to inflate and buffer....and squeal like a mob when any reality actually surfaces.

Oh, is he @Nilgiri? Oh, @Nilgiri, please, please come back and bully Bangladesh as usual. Please!!

LOL. You remember when they told that to you? You are just Nilgiri's account too!

Challenge BD sissy mob drama = nilgiri confirmed.

 

[Black_cats]

Not sure why you care this much with this lot. The smart ones among them have left the forum or are very rare, I think only bluesky is left (ironically they are calling you an account of mine now, just like they did with bluesky).

Any decent economic discussion first needs smart reasonable people, just like cake needs flour.

So trying to explain basic concepts like inflation (to try get some semblance of reality past the fluff their complete election rigging govt does) to the swine mob here is not really productive. They have a Dhaka syndrome (a more sissy version of stockholm syndrome) to begin with due to certain things regarding their formation and gestation.

You can check any figure of reality out there that is not in their govt hands and can actually be fact checked (like what is their total export/import ratio, credit rating, forex stagnation, actual export composition and what it relies on, market cap, actual end-realisation of their media blab etc etc). It performs just like their lot in any free, wealthy economy....dredging the bottom. Thus the need to inflate and buffer....and squeal like a mob when any reality actually surfaces.



LOL. You remember when they told that to you? You are just Nilgiri's account too!

Challenge BD sissy mob drama = nilgiri confirmed.

It’s like your pants are down but still you are arguing I have not taken out my legs out of pant.

Indian government release accurate figure that is what you are trying to say? If so be happy with figure that Indian per capita income is lower than Bangladesh now 1787 USD vs 1909 USD. The difference will only widen over time.

Bangladesh is so wrong that any leading financial institutions or organizations have not found it? Instead they predicted Bangladesh will be one of the fastest growing economies of the word and will be 25th largest economy of the world in 14 years.

People live in present not in past. Nominal figure correctly represent what is present condition at the moment.

 

[BringHarmony]

Bangladesh is so wrong that any leading financial institutions or organizations have not found it?

No one ever said Bangladesh is wrong. I did say that you got it all wrong.

 

[TopCat]

Although even in 1970s and 1980s, the worst period in Bangladesh's history, it was not much behind than these two countries. Indian per capita GDP never reached anywhere closer twice of Bangladesh and for Pakistan it never gone beyond twice. Other socio-economic development indicators was also close by. But still they developed those attitude which still persists.

Due to agrarian economy our per capita income was not far below than our peers but urbanization and infrastructure were far worse. That is why we were included in the LDC in the first place.