Bangladesh's economic growth may soon overcome China: Reports
The International Monetary Fund (IMF) has said in a report that Bangladesh may soon overtake India and Chinese economies in the next FY24.
Bangladesh will outgrow China in the current FY23 with its projected higher gross domestic product (GDP) growth, the global monetary supervisor also said as quoted by Dhaka Tribune.
According to the IMF, Bangladesh's economy may grow at a 6.5% rate in the next FY24 while the Chinese economy at 4.5% and India at 6.3%, the newspaper reported.
Although Bangladesh's GDP growth rate is forecast lower than India's in the current fiscal, it will be higher than China's in FY23.
In the current fiscal, Bangladesh might expand at a rate of 5.5% while China at 5.2%.
The Indian economy will grow at 5.9% in the current fiscal, the IMF said in its "Regional Economic Outlook: Asia and the Pacific" report, released on May 4 in Washington.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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