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Bangladesh all set to overtake India in terms of per capita GDP

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The International Monetary Fund’s sober forecast that Bangladesh is all set to overtake India in terms of per capita GDP in 2020-21 has drawn a wave of counter arguments stating that the projected scenario would be a short-term aberration as the third largest Asian economy would again outpace its neighbour in 2021.

Until a few years ago, India was significantly above Bangladesh in per capita GDP terms, but the gap has been substantially closed owing to the country’s rapidly-rising exports. Besides, during the intervening period, while India’s savings and investments remained lukewarm, the corresponding numbers for Bangladesh saw a sizeable surge, analysts said.