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Rahul Gandhi attacks Modi government after IMF predicts Bangladesh to overtake India in GDP, says ‘Solid achievement of 6 years’

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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.

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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.

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