* Facebook * Twitter * Youtube * Instagram * Subscribe ![](\\" ![\\"FACTLY\\"](\\" Logo.png\\"/) ![](\\" ![\\"FACTLY\\"](\\" Logo.png\\"/) ![\\"Factly\\"](\\" WhatsApp-channel-minified-scaled.jpeg\\") Navigate * ![](\\" * Stories 1. India 2. Infographics 3. Politics 4. Fact Check 5. Elections 6. Business 7. Crime 8. Life Featured ![\\"\\"](\\" _Featured-Image-351x221.jpg\\") ## Review: Delhi HC Rules That Arbitration Tribunal Cannot Direct for Production of ‘Top Secret’ Documents, Except in Exceptional Circumstances By Suresh DeepalaOctober 2, 2024 __0 Recent ![\\"\\"](\\" _Featured-Image-103x65.jpg\\") Review: Delhi HC Rules That Arbitration Tribunal Cannot Direct for Production of ‘Top Secret’ Documents, Except in Exceptional Circumstances October 2, 2024 __0 ![\\"\\"](\\" Rate_Image-103x65.jpg\\") PLFS Data: Reported Number of Average Working Hours A Week for Men Was Consistently Over 50 Hours September 30, 2024 __0 ![\\"\\"](\\" Modi-featured-image-103x65.jpeg\\") Data: Between 1999 & 2024, Indian Prime Ministers Visited 79 Different Countries September 27, 2024 __0 * Elections * Fact Checks * English * Telugu * Coronavirus * Others * Videos * Data Tools * Data Dashboards * Counting India * About Us * Our Story * Team * Fact Checking * Fact Check Methodology * Fact-Check Team * Non-partisanship Policy * Corrections Policy * FAQ’s * Contact Us * Subscribe * Careers * Compliance of IT Rules 2021 * Privacy Policy * GOVT. DATA ROUNDUP ![\\"\\"](\\" Poor-Bangladesh-Thumbnail-702x336.jpg\\") English, Fake News # The IMF World Economic Outlook report 2020 did not claim that India will be poorer than Bangladesh by 2025 0 By Chaitanya on May 3, 2024 * A A A Twitter Facebook Reddit A social media post alleges that according to the most recent World Economic Outlook report by the International Monetary Fund (IMF), “India will be poorer than Bangladesh by 2025” (here & here). In this article, we verify the accuracy of this statement. ![\\"\\"](\\" Poor-Bangladesh-Claim.jpg\\")The archived version of this post can be found here > Claim: IMF in its latest World Economic Outlook stated that “India will be > poorer than Bangladesh by 2025”. > > Fact: This claim originated in 2020, when the IMF Outlook projected that > Bangladesh’s per capita GDP had surpassed India’s. However, this conclusion > can be misleading because GDP per capita does not directly indicate a > country’s overall wealth. Importantly, since then, India has outperformed > Bangladesh in various economic metrics and is projected to continue doing > well in the future. Hence, the claim made in the post is FALSE. The IMF published its most recent World Economic Outlook in April 2024. Although the report does not compare the Indian economy directly with Bangladesh, it provides growth projections for both countries. According to the report, India’s GDP is expected to grow at 6.8% in 2024 and 6.5% in 2025. In contrast, Bangladesh’s GDP growth is estimated to be 5.7% in 2024 and 6.6% in 2025. ![\\"\\"](\\" Poor-Bangladesh-Image-1-1024x473.jpg\\") The narrative that India had fallen behind Bangladesh economically began in 2020, following an IMF Outlook report that indicated Bangladesh’s real per capita GDP had overtaken India’s. In nominal US dollar terms, the report projected India’s per capita GDP for 2020 at $1,876.53, slightly below Bangladesh’s projection of $1,887.97. It was based on these figures that the discussions about India becoming economically poorer than Bangladesh started. India leads in multiple indicators: However, this conclusion is misleading because GDP per capita does not directly reflect a country’s wealth. It’s important to distinguish between total GDP and GDP per capita; the latter is a measure of the average income per person within an economy, calculated by dividing the total GDP by the population size. Additionally, it should be noted that the 2020 GDP per capita projections were made during the COVID-19 pandemic when economies were disrupted by lockdowns, further complicating direct comparisons. Contrary to the widespread assertion, India has consistently maintained a significantly larger economy than Bangladesh, irrespective of the year. According to the IMF’s latest April 2024 Outlook, India’s GDP at current prices is projected to reach $4.3 trillion in 2025, whereas Bangladesh’s is expected to reach only $491.81 billion. Even the GDP per capita projections further indicate that India has overtaken Bangladesh. The IMF forecast for 2024 indicates that India’s per capita GDP will be $2730, compared to Bangladesh’s $2650. These projections suggest that India’s per capita GDP will continue to exceed that of Bangladesh at least through 2028. ![\\"\\"](\\" Poor-Bangladesh-Image-2-1024x519.png\\") Moreover, projections of GDP at purchasing power parity (PPP) per capita also indicate that India is performing better than Bangladesh. Historically, India has consistently led Bangladesh in this measure. Although India’s GDP at PPP per capita approached Bangladesh’s levels during the COVID-19 outbreak in 2020, subsequent projections show India’s figures improving. By 2025, India’s GDP at PPP per capita is expected to reach $10,870, compared to Bangladesh’s $10,170. ![\\"\\"](\\" Poor-Bangladesh-Image-3-1024x520.jpg\\") Therefore, these metrics refute the viral claim that India has become economically poorer than Bangladesh. It’s evident that an erroneous conclusion has been drawn by conflating GDP per capita with overall GDP projections. Previously, when a similar claim circulated widely, the Press Information Bureau (PIB) clarified that it was false, emphasizing that India continues to be a significant contributor to global growth. > It is being falsely claimed that as per IMF\'s latest World Economic > Outlook, \"India will be poorer than Bangladesh by 2025 & is no more a > developing nation\" #PIBFactcheck ✅India remains a ‘bright spot’ & > contribute 15% of global growth in 2023: IMF MD Kristalina Georgieva > pic.twitter.com/82rDIcyxU4 > > — PIB Fact Check (@PIBFactCheck) April 3, 2023 To sum up, the IMF World Economic Outlook report 2020 did not claim that India will be poorer than Bangladesh by 2025 ![\\"Factly\\"](\\" WhatsApp-channel-minified-scaled.jpeg\\") Share. Twitter Facebook Google+ Pinterest LinkedIn Tumblr Email __Previous ArticleThis viral graphic of India Today’s ‘Mood of the Nation’ survey is digitally altered Next Article __Malabar Charitable Trust does not offer scholarships to students based on caste and religion ### About Author ![\\"\\"](\\" Chaitanya ### Related Posts \'మోటార్ వెహికల్స్ రూల్స్, 1989\'కి 2020లో చేసిన సవరణల ద్వారా పోలీసులక... Old & Unrelated video of a man setting himself on fire is being shar... Incident of Youths beaten for bathing naked at Ahilya Ghat, MP is fa... Comments are closed. * ![](\\" ![](\\" * ### RECENT POSTS * ![\\"\\"](\\" Review: Delhi HC Rules That Arbitration Tribunal Cannot Direct for Production of ‘Top Secret’ Documents, Except in Exceptional Circumstances October 2, 2024 __0 * ![\\"\\"](\\" PLFS Data: Reported Number of Average Working Hours A Week for Men Was Consistently Over 50 Hours September 30, 2024 __0 * ![\\"\\"](\\" Data: Between 1999 & 2024, Indian Prime Ministers Visited 79 Different Countries September 27, 2024 __0 * ![\\"\\"](\\" Review: Allahabad HC Says Desertion Cannot be Established Solely on Grounds That Parties Are Living Apart Due to Their Jobs September 25, 2024 __0 * ![\\"\\"](\\" Review: NITI Aayog’s Expert Group Releases a Report With Action Plan for a 100-Day Response to Any Future Outbreak or Pandemic. September 24, 2024 __0 * ![\\"\\"](\\" Data: Ratio of Financial Liabilities to Assets of The Household Sector Crossed 50% in 2022-23 September 23, 2024 __0 * ![\\"\\"](\\" Data: China Far Ahead of Other Nations in Paralympic Games Medal Tally September 20, 2024 __0 * ![\\"\\"](\\" Review: Supreme Court Says Alleged Involvement in Crime isn’t a Valid Reason to Demolish Legally Constructed Property September 18, 2024 __0 * ![\\"indian-vips-foreign-gifts_factly\\"](\\" Data: Over 4200 Gifts Worth ₹ 21.77 Crores Received by Indian Delegates During Foreign Visits Between 2013 & 2023 September 17, 2024 __0 * ![\\"\\"](\\" Data: Average Annual Economic Impact due to Floods is More than Rs. 25,000 Crores After the year 2010 September 16, 2024 __0 * ![](\\" ![](\\" * ### About Factly FACTLY is one of the well known Data Journalism/Public Information portals in India. Each news story on FACTLY is backed by factual evidence/data from official sources that is either available in the public domain or that is collated/gathered/collected using tools such as the Right to Information (RTI). * ### Subscribe to our Newsletter Wisdom is nothing but Data Understood. Get a weekly roundup of stories covered by the Factly Team delivered to your email. We promise to never spam you. Leave this field empty if you\'re human: © 2014-2021 Factly Media & Research | Except for videos, content on this site is licensed under a Creative Commons Attribution 4.0 International License.![\\"Creative](\\" ![\\"scroll\\"](\\" content/uploads//2018/10/scroll.png\\") ![\\"\\"](\\"
IMF in its latest World Economic Outlook stated that India will be poorer than Bangladesh by 2025