News > India Set To Drop Below Bangladesh In Per Capita GDP In IMF Shocker
India Set To Drop Below Bangladesh In Per Capita GDP In IMF Shocker
Times 85 | 14/10/2020 01:09 PM | Click to read full article
The IMF’s forecast for India, a huge downward revision from its previous prediction in June, will see the biggest contraction among major emerging markets amid the coronavirus pandemic.
India’s per capita GDP is set to plunge by 10.3 percent to $1,877 this fiscal year ending on March 31, 2021. Bangladesh per capita GDP in dollar terms is expected to grow 4 per cent in 2020 to $1,888, according to the IMF report.
