Bangladesh beats India in per capita pay

close-up-of-paper-Indian currency-against-white-background for news post

India has in fact slipped beneath Bangladesh as far according to capita pay as the adjoining nation detailed its per capita pay at $2,227 in the monetary year 2020-21—more than 9% leap from $2,064 in 2019-20. Most recent authority information shows that India's per capita pay reached $1,947.417, because of the sharp withdrawal in the financial development because of Covid-19 pandemic and the subsequent cross-country lockdown. 

 

Arranging Minister of Bangladesh MA Mannan put the measurements at a virtual bureau meeting held with Prime Minister Sheik Hasina in the seat, revealed the public dailies in Bangladesh. "Our per capita pay remains at $2,227 in the financial year 2020-21, however the past monetary year's per capita pay was $2,064. Along these lines, the development rate is 9%," the Bangladesh bureau secretary was cited as saying.

“It’s merely a temporary phenomenon. Bangladesh is more a destination of labour-intensive exports, but that can’t keep on driving the growth engine faster than India’s. Once the pandemic recedes these will crank up growth. I would put it as more of a statistical anomaly and of course India shooting on its foot with some useless policies. But this will come to pass,” an economist working with a foreign financial service firm said on the condition of anonymity.

Source : Indian express

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