Connect with us

Featured

Bangladesh’ GDP Growth Better Than India, Way Higher Than Pakistan – ADB

Published

on

According to the Asian Development Bank (ADB), Bangladesh is expected to post a growth rate of 7.9% in 2018-19 against the 7.3% projected for India. India, which is the fastest growing major economy in the world and competing to become a global superpower is being almost overshadowed by steady and miniscule neighbour – Bangladesh. 

India’s eastern neighbour saw a GDP growth of 7.28 per cent in the last financial year, according to the Bangladesh Bureau of Statistics (BBS), while India grew at 7.1%. The country’s per capita income is also growing rapid;y. According to United Nations Conference on Trade and Development figures cited in a Dhaka Tribune report, while India’s per capita income rose by 13.8% between 2013 and 2016, Bangladesh’s grew by 39%, which is almost three times that of India.

According to some estimates, if Bangladesh continues to keep up its gross national income (GNI) and GDP growth at the same pace for the next two years, it will overtake India’s per capita income by 2020.

Bangladesh has also made tremendous progress in social development indicators such as life expectancy, infant mortality and gender parity. In a study on ‘human capital’ published in the medical journal The Lancet, India ranked a notch below Bangladesh.

According to the World Bank, in 2017, Bangladesh recorded an infant mortality rate of 27, which means that these many children died on average within the first year for every 1,000 live births. For India, the rate was 32. The average life expectancy for an individual in Bangladesh is 72.58 years, against 68.8 years in India.

Other News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

S400-VS-F35 S400-VS-F35
Americas8 hours ago

Is The UAE Threatening To Opt For Russian Su-57 Jets Over US’ Stealth F-35 Warplanes??

The United Arab Emirates (UAE) has warned that if the US refuses to supply it with F-35 and MQ-9 Reaper...

india-russia india-russia
Featured9 hours ago

Indian, Russian Navy Hold PASSEX Exercise In The Eastern Indian Ocean Region

On the occasion of Navy Day, the Indian Navy is conducting a passage exercise (PASSEX) with the Russian Navy in...

Pakistan-Turkey-Relations Pakistan-Turkey-Relations
Featured11 hours ago

After Backing Pakistan on Kashmir, Is Turkey’s Erdogan Hiring Syrian Mercenaries To Fight In The Valley?

For some time now, Turkey has been making attempts to grow its influence among the Muslims in South Asia in...

iran-israel iran-israel
Featured12 hours ago

Assassination Of Top Iranian Scientist Will Complicate Relations Between The US & Iran: Joe Biden

Joe Biden, the next President of the United States said the assassination of Iranian nuclear scientist Mohsen Fakhrizadeh is likely...

BRAHMOS BRAHMOS
Asia Pacific14 hours ago

From Rafales, Su-30 MKIs & Tejas, Why Next-Gen BrahMos Missile Can Be A Game-Changer For The Indian Air Force?

Amid the border row with China, the Indian armed forces successfully test-fired the BrahMos supersonic cruise missiles in the past...

India-Pak-War-1971 India-Pak-War-1971
Asia Pacific16 hours ago

What Did Indira Gandhi Tell Naval Chief Before Indian Navy Bombed Karachi Port In 1971 War?

India marks 4 December as Navy Day to commemorate the Indian Navy’s attack on the Karachi port during the 1971...

Asia Pacific17 hours ago

Indian Navy To Counter Chinese Swarm Drones With New Guns That Can ‘Smash’ UAVs

Countries across the globe are looking for innovative ideas to check the menace of small drones or small unmanned aerial...

TYPHOONS TYPHOONS
Featured18 hours ago

Eurofighter Typhoons ‘Soar & Roar’ In Qatar As Royal Air Force Conducts Drills With Emiri Air Force

The British Royal Air Force and Qatar Emiri Air Force, for the first time in history, have come together for...

imran-khan imran-khan
Asia Pacific18 hours ago

Not India, Former ISI Chief Hints At UAE, Saudi Arabia Being The Biggest Threat To Pakistan

Durrani said that Pakistan is not threatened by India but is mired with its internal problems, including political instability and...

ERDOGAN-TURKEY ERDOGAN-TURKEY
EurAsian Region20 hours ago

Russia, Pakistan To Be First Buyers Of Turkey’s Mobile Anti-Drone System That Can Smell UAVs From 5000 Meters

As Turkey is gradually emerging as a drone superpower, its key allies Russia and Pakistan have shown tremendous interest in...

Advertisement
Advertisement