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Bangladesh beats India in per capita income

Bangladesh beats India in per capita income

Eastern Times Correspondent, Dhaka, 22 May : With a per capita income of $2,227 for the financial year 2020-21, Bangladesh has outpaced India on the key economic indicator.

The neighbouring country’s per capita income stands at $1,947, whereas the per capita income of Bangladesh was half of that of India in 2007, according to a report by the Indian Express.

India’s economic growth has been largely hampered by the Covid-19 pandemic and the subsequent lockdown, it said.

In October 2020, the International Monetary Fund (IMF) estimated that the per capita income of an average Bangladeshi citizen would be more than the per capita income of an average Indian citizen.

On May 17, Bangladesh Planning Minister MA Mannan revealed that the per capita income of Bangladesh has now increased from $2,064 to $2,227, which is equivalent to Tk188,873.

He shared the figure during a cabinet meeting, Cabinet Secretary Khandker Anwarul Islam told the media.

“Our per capita income stands at $2,227 in the fiscal year 2020-21, but the previous fiscal year’s per capita income was $2,064. So, the growth rate is 9%,” said the cabinet secretary.

He said Tk188,873 has been calculated at the rate of Tk84.81 against per one US dollar.

Bangladesh’s GDP has also increased to TK3,087,300 crore from TK2,796,358 crore, according to primary data, he added.

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