Two myths need to be debunked first the myth that Bangladesh growth rate exceeded india,and second bangladesh social indicator are better compared to India.Let us start with first the GDP part,
Income and GDP
Theoretically speaking, India has slipped behind Bangladesh in terms of per capita income because very recently, Bangladesh reported its per capita income to be $2,227 in the 2020-’21 financial year which is almost a 10% increase from $2,064 in 2019-’20.
According to the latest official reports, India’s per capita income is $1,947 and this was primarily due to a reduction in India’s economic growth as a result of the Covid-19 pandemic.
It is important to note that Bangladesh’s economy has been experiencing swift GDP growth rates since 2004, but this rate did not really change the relative status of the two economies between the mid-2000s and mid-2010s because India’s economy grew quicker than Bangladesh.
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However, during the second half of the 2010s, India’s growth rate has gone down sharply while Bangladesh’s has become even more rapid. A major reason for Bangladesh’s increasingly faster growth rate is because it dramatically enhanced itself on various social and political metrics such as health, sanitation, financial inclusion and women’s political representation.
From an economic perspective, countries are usually compared based on GDP growth rate, or on absolute GDP. For the most part, since independence, on both these counts, India’s economy has been doing better than Bangladesh.
In terms of GDP growth rates and absolute GDP, India’s economy has mostly been over 10 times the size of Bangladesh and grown faster every year. Based on recent International Monetary Fund projections, India is probably again going to grow faster soon and very likely push ahead of Bangladesh, but due to Bangladesh’s slower growth in population and comparatively faster-paced economic growth, the two nations are expected to be very close to each other in terms of per capita income comparisons. Now let's go to the second part.Hdi of 2022,clearly shows india has better score compared to bangladesh.