India vs Bangladesh Economy: The impact of the coup, political turmoil and violent incidents in Bangladesh in the month of August is also visible on its economic condition. After Sheikh Hasina left the post of PM, the interim government of Mohammad Yunus had requested for additional help of 3 billion dollars from the International Monetary Fund (IMF). Bangladesh has already received a loan of 4.7 billion dollars, three installments of which have also reached the account. Despite such circumstances, it has been estimated that Bangladesh will be the tenth largest economy in the world in the future.
IMF has also predicted an increase of 3.8 percent in Bangladesh’s growth rate for 2025. However, in October the IMF had estimated 4.5 percent. Insider Monkey says that in the next 51 years, Bangladesh will be included among the ten largest economies of the world along with India. It was told in the report that Bangladesh will have a share of 1.57 percent in the total GDP of the world.
Currently, Bangladesh is at 34th position in the world with a total GDP of $437 billion, while it is at 11th position in Asia. Insider Monkey estimates that by 2075, Bangladesh will become the 10th and India will become the second largest economy. The report says that after 51 years, Bangladesh’s GDP will reach 5.09 trillion dollars. However, this report is from June this year.
Where will Pakistan be?
If we talk about Pakistan, like at present, even after 51 years, it will remain behind India and Bangladesh. At that time India’s GDP will be 52.5 trillion dollars. Currently, India is at fifth position with an economy of 3.385 trillion dollars. Talking about Pakistan, it is currently at number 41 with a GDP of $377 billion, whereas by 2075 its GDP will be $2.66 trillion. Then he will be at number 25. Pakistan’s economy is mainly dependent on agriculture, but now it is rapidly industrializing.
How much loan does Bangladesh have from IMF?
Bangladesh has taken a loan of 4.7 billion dollars from the IMF and so far 2.3 billion dollars has been given to it in three installments. The IMF had approved this loan in January last year, but soon after Sheikh Hasina was removed from power in August this year, the new government demanded an additional loan of $3 billion. Although, IMF has approved only one billion dollars, but Yunus government is adamant on 3 billion dollars.
Bangladesh has been facing various challenges since the political turmoil in August. For about two-three months, violent incidents took place there, in which Hindus and other minority communities and their religious places were targeted. When India raised objection regarding the attacks on Hindus, the Bangladesh government neither paid attention to it but also showed its attitude, due to which the relations got spoiled. Due to these conditions in Bangladesh, there was shortage of everyday items including potatoes, onions, sugar, pulses, rice and clothes. India exports more than 90 items to Bangladesh. Bangladesh also gets electricity supply from Jharkhand and Tripura and has an outstanding electricity bill of several hundred crores of rupees. Bangladesh has to pay a bill of Rs 200 crore for Tripura and Rs 680 crore for Adani Power in Jharkhand.
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