A Comparison of GDP Per Capita of India and Bangladesh
| Case Code: ECON094 Case Length: 17 Pages Period: 2019-21 Pub Date: 2021 Teaching Note: Available |
Price: Rs.300 Organization : - Industry :- Countries : India Themes: Macroeconomic Environment, Economic Slowdown |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
On November 17, 2020, American brokerage firm Goldman Sachs revised its growth forecast for India upward to a 10.3% contraction in the financial year 2020-21 from the contraction of 14.8% it had projected in September 2020. The investment bank projected India’s Gross Domestic Product (GDP) to rebound to 13% in the financial year 2021-22.
In October 2020, the International Monetary Fund (IMF) had projected that India’s per capita GDP, which was at US$1,877, would drop below the per capita GDP of Bangladesh, which was at US$1,888 as the Indian economy was projected to contract by a massive 10.53% in 2020. IMF said Bangladesh’s economy would grow by 4% in 2020, which would make Bangladesh one of the very few countries globally to avoid an economic growth contraction amidst the COVID-19 pandemic..
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