In response to Congress chief Rahul Gandhi’s dig on the Bharatiya Janata Party (BJP) led Centre over the International Monetary Fund (IMF) forecast for India’s GDP, government sources have stated that India’s GDP is 11 instances greater than that of Bangladesh.
In 2019, India’s GDP in buying parity phrases was 11 instances extra of Bangladesh while the inhabitants was 8 instances extra. In buying energy parity phrases, India’s per capita GDP in 2020 is estimated by IMF at $6284 in comparison with $5139 for Bangladesh, government sources quoted by information company ANI stated.
IMF has estimated India’s GDP to develop at 8.8 per cent in 2021, twice that of Bangladesh at 4.4 per cent. Under the current government, Per Capita GDP elevated from Rs 83,091 in 2014-15 to Rs 1,08,620 in 2019-20 – a rise of 30.7 per cent. Under UPA 2, it had elevated by 19.8 per cent, the sources stated.
On Wednesday, Gandhi had stated that Bangladesh is ready to overhaul India by way of per capita GDP on account of BJP’s hate-filled cultural nationalism.
Gandhi, via his tweet, attributed the dip in India’s numbers to BJP’s political agenda which he stated has been carried out within the six years of its rule on the Centre.
“Solid achievement of six years of BJP’s hate-filled cultural nationalism: Bangladesh set to overtake India,” Gandhi stated.
Solid achievement of 6 years of BJP’s hate-filled cultural nationalism:
Bangladesh set to overhaul India.
— Rahul Gandhi (@RahulGandhi) October 14, 2020
The IMF graph tasks that the per capita GDP of each India and Bangladesh could be at USD 1,888 for 2020. It additionally stated that the Indian financial system is projected to contract by 10.3 per cent this yr on account of impression of COVID-19 however will rebound with 8.8 per cent development the next yr and regain its place because the fastest-growing rising financial system.
The international financial development is estimated to dip by 4.4 per cent in 2020 and bounce again to five.2 per cent development in 2021, the IMF stated in its latest ‘World Economic Outlook’ report, launched forward of the annual assembly of the IMF and the World Bank.
“All emerging market and developing economy regions are expected to contract this year, including notably emerging Asia, where large economies, such as India and Indonesia, continue to try to bring the pandemic under control,” the IMF stated in its report.
According to the IMF’s projection, India is projected to regain its place because the fastest-growing rising market and growing economies in 2021, with 8.8 per cent financial development, adopted by China at 8.2 per cent.