Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | At current rates, Bangladesh could top India's per capita income by 2020 -Krishna Kant

At current rates, Bangladesh could top India's per capita income by 2020 -Krishna Kant

Share this article Share this article
published Published on May 29, 2018   modified Modified on May 29, 2018
-Business Standard

Also, over the past 3 years, GDP in dollar terms has grown 12.9%, more than twice our rate

Mumbai:
After trailing its big neighbour for four decades, Bangladesh has gone ahead of India in economic growth and on social development indicators.

In the three years ending 2016, Bangladesh’s gross domestic product (at current prices) in dollar terms grew at a compounded annual rate (CAGR) of 12.9 per cent, more than twice India's 5.6 per cent. Over the same period, Pakistan grew faster than India too, at a CAGR of 8.6 per cent, driven by a surge in investment and export. The Chinese economy expanded at an annualised 5.2 per cent.

 As a result, per capita income (in dollar terms) in Bangladesh is now growing at nearly thrice the pace of income growth in India. At $1,355 in 2016, Bangladesh’s per capita income was up 40 per cent in three years against 14 per cent growth in India and 21 per cent growth in Pakistan. At this rate, Bangladesh’s per capita income would top India’s by the year 2020. Currently, a typical Indian has 25 per cent higher income than her eastern neighbour; in 2011, Indians earned 87 per cent more.
 
Bangladesh
 
India was the top performing economy in South Asia for the 40 years between 1970 and 2010. Annualised GDP growth of 8.7 per cent in dollar terms at current prices against Bangladesh's 7.6 per cent and Pakistan's 6.7 per cent.

Please click here to read more.

Business Standard, 28 May, 2018, http://www.business-standard.com/article/economy-policy/bangladesh-pips-india-in-economic-growth-and-social-development-indicators-118052700710_1.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close