Even Bangladesh has a higher GDP than India, says Mitra

[Black_cats]

Which is true.


And you were saying I am jumping from point to point... So you went from GDP to GNI to forex fluctuation to GDP growth.

No that is not true. According to India’s government estimate India’s per capita income is 1787 dollar where as it’s 1900+ for Bangladesh.

 

[BringHarmony]

Considering higher economic and lower population growth in next few years Bangladesh will be far ahead of India in next few years.

If maintained, sure. But then nothing is permanent. All depends upon too many variables.

No that is not true. According to India’s government estimate India’s per capita income is 1787 dollar where as it’s 1900+ for Bangladesh.

When corrected to inflation, that 1900+ is more like 1300 - 1400, so its not real.

 

[Black_cats]

If maintained, sure. But then nothing is permanent. All depends upon too many variables.


When corrected to inflation, that 1900+ is more like 1300 - 1400, so its not real.

it’s already acknowledged by major financial institutions.

Bangladeshis will be richer than Indians by 2030: StanChart

https://www.google.com/amp/s/www.th...-be-richer-indians-2030-stanchart-1743808?amp

 

[BringHarmony]

Just for info Bangladesh is still using 2005 as base year where as India is about to upgrade to 2017. Bangladesh economy has changed substantially since 2005. You can expect a big boost if base year is upgraded to 2017 like India.

From what I saw, they are looking to rebase it to 2015-16. India looks like rebases every 5 years. Rebasing often is good because it helps to keep the estimates close to reality.

it’s already acknowledged by major financial institutions.

I saw too many predictions about India performing similar to China. Needless to say predictions are well, inaccurate. So when it happens then it can be reported.

 

[Black_cats]

I don’t consider inflation adjusted as it doesn’t give clear picture. In India people are poorer where you can have a hair cut for 10 rupee for example. But cost high in Bangladesh. Eating in restaurant is higher compared to India.

It’s just like saying living in Texas is better than California or New York but people for later states may have different opinions.

 

[BringHarmony]

I don’t consider inflation adjusted as it doesn’t give clear picture.

What is clear picture?

In India people are poorer where you can have a hair cut for 10 rupee for example.

Congrats, you rediscovered PPP. Thats not inflation btw. Thats purchasing power parity.

It’s just like saying living in Texas is better than California or New York but people for later states may have different opinions.

Once again, PPP or purchasing power is not same as inflation.

When you adjust to inflation you look at what YOUR OWN income fetched in PAST vs what it fetches NOW. When you look for PPP, you compare what a certain amount of money fetches in ONE place to ANOTHER.

These are NOT same concept.

You can actually express inflation adjusted GNI/GDP in PPP dollars too.

Take a look here (its from data.worldbank.org)

1. GNI PPP (this addresses for different prices in different places)

There is GNI PPP in current internation dollars (this does not address the inflation)
There is GNI PPP in constant 2011 international dollars (This ensures that all your money is adjusted to inflation with 2011 as base).

2. GNI (this does not address for different prices)

Again there is a constant dollar version (which addresses inflation) and a current dollar version (which does not).

So you have four metrices

1. GNI in current international dollars (which is what you are trying to use and failing)
2. GNI PPP in current international dollars ( which is what you are alluding to and failing now)
3. GNI in constant international dollars of a given year. (which is what I mentioned)
4. GNI PPP in constant international dollars of a given year. (which is even better but then you will cry about PPP)

First understand then talk about it. Okay?


@Nilgiri Did you also struggle to teach these folks basics?

 

[Black_cats]

What is clear picture?


Congrats, you rediscovered PPP. Thats not inflation btw. Thats purchasing power parity.


Once again, PPP or purchasing power is not same as inflation.

When you adjust to inflation you look at what YOUR OWN income fetched in PAST vs what it fetches NOW. When you look for PPP, you compare what a certain amount of money fetches in ONE place to ANOTHER.

These are NOT same concept.

You can actually express inflation adjusted GNI/GDP in PPP dollars too.

Take a look here (its from data.worldbank.org)

1. GNI PPP (this addresses for different prices in different places)
View attachment 600046
There is GNI PPP in current internation dollars (this does not address the inflation)
There is GNI PPP in constant 2011 international dollars (This ensures that all your money is adjusted to inflation with 2011 as base).

2. GNI (this does not address for different prices)
View attachment 600047
Again there is a constant dollar version (which addresses inflation) and a current dollar version (which does not).

So you have four metrices

1. GNI in current international dollars (which is what you are trying to use and failing)
2. GNI PPP in current international dollars ( which is what you are alluding to and failing now)
3. GNI in constant international dollars of a given year. (which is what I mentioned)
4. GNI PPP in constant international dollars of a given year. (which is even better but then you will cry about PPP)

First understand then talk about it. Okay?


@Nilgiri Did you also struggle to teach these folks basics?

It has been discussed number if times for Bangladesh’s perspective inflation adjusted figure won’t work. As economy has changed a lot in last few years and so is the demand. So it has increased prices of products more. So for Bangladesh an economy which is changing fast does not give accurate picture for inflation adjusted figure. This works well with advanced economies where economy is already matured. Your master @Nilgiri was taught this lesson long ago. By the way is it your fake account of @Nilgiri?

I have not failed interns of per capita income and that is 1787 USD for India and 1906 USD for Bangladesh. That’s the fact. Even Indian media has acknowledges it.

 

[mmr]

It has been discussed number if times for Bangladesh’s perspective inflation adjusted figure won’t work. As economy has changed a lot in last few years and so is the demand. So it has increased prices of products more. So for Bangladesh an economy which is changing fast does not give accurate picture for inflation adjusted figure. This works well with advanced economies where economy is already matured. Your master @Nilgiri was taught this lesson long ago. By the way is it your fake account of @Nilgiri?

I have not failed interns of per capita income and that is 1787 USD for India and 1906 USD for Bangladesh. That’s the fact. Even Indian media has acknowledges it.

Lol nilgiri is now Chinese ha ha ha.

 

[Bilal9]

Lol nilgiri is now Chinese ha ha ha.

I smelled that clown in this poster. And promptly 'ignored' him.

Don't waste your time with this guy....

 

[Black_cats]

Lol nilgiri is now Chinese ha ha ha.

He said in the poster say bye bye for good to CCP! Boat are based in Canada.

Regardless if it’s written in Chinese or not! This inflation issue brought by the rats all the time which this poster has brought up!

 

[BringHarmony]

As economy has changed a lot in last few years and so is the demand. So it has increased prices of products more. So for Bangladesh an economy which is changing fast does not give accurate picture for inflation adjusted figure. This works well with advanced economies where economy is already matured.

Any source for this claim or is this your "Original Research"?

 

[mmr]

He said in the poster say bye bye for good to CCP! Boat are based in Canada.

Regardless if it’s written in Chinese or not! This inflation issue brought by the rats all the time which this poster has brought up!

Yes seems very od co in-incident!! Now i am also suspicious....is our famous tamil refugee in canada also Chinese lmao.

 

[BringHarmony]

Yes seems very od co in-incident!! Now i am also suspicious....is our famous tamil refugee in canada also Chinese lmao.

Oh great! So cannt beat the message, lets gang up on messenger. Good!

 

[mmr]

Oh great! So cannt beat the message, lets gang up on messenger. Good!

Just having fun. I think you are new to this forum. Ppl already discussed this per capita thing many times before. Same old discussion.

 

[bluesky]

Both using different base year. India is using 2011/2015 base year where as Bangladesh is using 2005 base year. Updating base year will reduce the gap or perhaps makes Bangladesh ahead of Nadia as of now. But in next few years with higher gdp growth and lower population growth Bangladesh will be ahead of India!

This idiot @BringHarmony guy has very little knowledge about the base year for GDP computation, read his previous post. This is why I did not say about this in my post.