Will Bangladesh really surpass India’s per capita income level? The Government gave this answer in Parliament…

New Delhi. In the Monsoon session of Parliament, an important question was brought up by the opposition in the government. In this year, citing a report by the World Bank and the International Monetary Fund, it was told that given the level at which economic development is taking place in Bangladesh and the current rate of economic growth of India, Bangladesh’s economy in terms of per capita income. can overtake India. Keeping this apprehension, the opposition raised questions in front of the government during the monsoon session regarding the demand for clarification on this.

The government was asked whether Bangladesh will really surpass India’s per capita income level in the year 2021, as predicted by the IMF? On behalf of the government, Minister of State for Finance Pankaj Chaudhary answered some such questions. Pankaj Chaudhary told the House that according to the report of IMF and World Economic Outlook (WEO), if India’s per capita gross domestic product (GDP) is estimated, it was US $ 7332.9 in April 2021, while talking about Bangladesh, it
5811.6 was US$.

Pankaj Choudhary informed that according to the IMF, India’s economy has grown at the rate of 12.5 percent in April 2021, which is a record in itself. He further said that India’s PPP in 2016 was 41 percent higher than Bangladesh at US$ 5839.9 while the neighboring country’s figure was US$ 4118.9.

In March this year, some data related to the financial year 2020-2021 was released by the Government of Bangladesh, according to which the per capita income there has reached $ 2227, while in the year 2019-20 this figure was $ 2064. However, many international economic experts and organizations are denying these figures. At the same time, the current per capita income in India is only $ 1947.41.