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Articles related to "gdp"

Bangladesh Matches India's Per Capita GDP

  • In 2011, India’s per capita nominal GDP was nearly double (173%) of the per capita GDP of Bangladesh but now Bangladesh has caught up with India’s per capita nominal GDP.
  • India’s purchasing power parity (PPP) GDP per capita of $6,284 is still above Bangladesh’s $5,139.
  • Economists Shoumitro Chatterjee, Pennsylvania State University and Arvind Subramanian, Ashoka University point out that India seem to have missed $140 billion per year in low skill manufacturing opportunities.
  • Bangladesh, China and Vietnam have capitalized on manufacturing exports.
  • However, it would be tough to export from the poor inland areas of India.
  • The other near term opportunity is for India to improve its farming and agricultural sectors.

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Post Pandemic World Economy Lost From 2020-2025 Will Be $28 Trillion

  • From 2020 to 2025, the cumulative world economic loss in output relative to the pre-pandemic projected path is projected to grow to $28 trillion.
  • The Pandemic is costing the world economy $4 trillion in 2020.
  • The world will have a lost year and the pause in global growth is not projected to be recovered.
  • The world will return to growth but will not catch up to where it would have been.
  • The five nations with the highest Covid-19 death counts — U.S., Brazil, India, Mexico and U.K.
  • — will have a one year total GDP decline of nearly $1.8 trillion in nominal terms and $2.1 trillion after having been adjusted for differences in purchasing power.
  • From 2021 to 2025, China will have the largest share of world economic growth.
  • The next three will be India, USA and Indonesia.

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