@the_news_21
Congress leader Rahul Gandhi attacked the Modi government on Wednesday after the IMF predicted that Bangladesh will overtake India in per capita GDP terms.
“Solid achievement of 6 years of BJP’s hate-filled cultural nationalism,” Rahul Gandhi said in a tweet..
Bangladesh’s per capita GDP in dollar terms is expected to grow 4% in 2020 to $1,888 while against India’s per capita GDP is expected to decline 10.5% to $1,877, according to the International Monetary Fund (IMF)-World Economic Outlook (WEO).
This makes India the third poorest country in South Asia, with only Pakistan and Nepal reporting lower per capita GDP, Business Standard reported.
Also Read: Rahul Gandhi takes dig at PM on wind turbines suggestion, BJP hits back
Indian economy is projected to contract by 10.3 in 2021, according to IMF estimates.
“We do have a significant downgrade for India’s growth for the fiscal year 2021. It is -10.3%. The hit to the economy has been large and pretty much broad-based. You saw that in the April, May, June months, so this has been a very hard hit,” IMF chief economist Gita Gopinath said on Tuesday.
The IMF predicted a deep global recession this year and the world growth to be – 4.4%, asserting that the global economic crisis is far from over mainly due to the impact of the coronavirus pandemic.
