Rahul attacks Modi on IMF projection of Bangladesh's GDP growth to overtake India
As India’s growth falls, amongst the most in the world, the country is on track to fall below Bangladesh in terms of the per capita GDP
Indian National Congree party leader Rahul Gandhi took a hand on the BJP led government after the International Monetary Fund (IMF) recently projected that Bangladesh will overtake India in per capita GDP for 2020.
A news which has certainly created a havoc through out India and social media is being poured with outrage against the failure of the current government, reports India.com.
Taking a dig at the government, Congress leader Rahul Gandhi tweeted: "Solid achievement of 6 years of BJP's hate-filled cultural nationalism: Bangladesh set to overtake India".
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As India's growth falls, amongst the most in the world, the country is on track to fall below Bangladesh in terms of the per capita GDP. India will grow smartly next year, as per IMF.
As per the World Economic Outlook report of IMF released on Tuesday, India's per capita GDP is set to plunge by 10.5 per cent to $1,877 this fiscal year ending March 31, 2021. This will make India the third poorest country in South Asia with only Pakistan and Nepal behind.
Bangladesh, Bhutan, Sri Lanka and Maldives now have more per capita GDP than India.
Bangladesh's per capita GDP in dollar terms is expected to grow 4 per cent in 2020 to $1,888, overtaking India.
Till five years back, India's per capita GDP was 40 per cent higher than Bangladesh. In the last five years, Bangladesh has grown three times the rate of India, at 9.1 per cent compared to 3.2 per cent for India, a much larger economy.
