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Sunday, January 23, 2022

Per capita income: Bangladeshi become richer than Indians, report reveals

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For the financial year 2020-21, the capita income of Bangladesh is $ 2227 while the per capita income of Indians was $ 1947.

Narendra Modi and Bangladesh PM Sheikh Hasina (left to right).

The country has been struggling with the Corona crisis for the past 1.5 years. Due to this the economic pace has slowed down and the condition of the workers in the unorganized sector is very bad. Meanwhile, a report has come out which tells about the current economic situation of the country. According to this report, but India has lagged behind its neighbor Bangladesh in the case of capita income (per capita income).

For the financial year 2020-21, the capita income of Bangladesh is $ 2227 while the per capita income of Indians was $ 1947. This is $ 280 less than the per capita income of Bangladesh. This report has been released by the Planning Commission of Bangladesh. Bangladesh’s per capita income for the fiscal year 2019-20 was $ 2064. In this way, he recorded a jump of $ 163 in per capita income in a year. This is an increase of about 8 per cent on an annual basis.

Capita Ink at $ 2064 in India in 2019-20

The capita income of India for 2019-20 was $ 2064. In this way, it has increased by 9 percent on an annual basis. In 2007, the capita income of Bangladesh was half that of India. In October 2020, the IMF also said that very soon the capita income of Bangladesh will be more than India.

Bangladesh will overtake capita GDP by 2025

According to an IMF report, if this momentum continues, by 2025, Bangladesh will overtake India in terms of capita GDP. When Bangladesh became independent in 1971, its economic condition was very bad. It used to be counted in poor countries but it has developed very fast in the last few decades.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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