India’s Historical Recession in GDP and Tightening of the Chinese Economy
The recent monetary policy of the International Monetary Fund (IMF) for the years 2020-21 and 2021-22 has shown some scepticism.
Although the declining state of the Indian economy was discussed on social media, the Chinese economy, the world’s second-largest economy, showed a sharp increase in infectious diseases.
Consumers saw IMF expectations on Tuesday and Bangladesh took similar steps on Wednesday. There are those who consider themselves a surprise in India, in Bangladesh.
Indeed, according to a two-year “IMF” released by the International Monetary Fund, Bangladesh appears to be ahead of India in terms of GDP in the current fiscal year. Yes.
What does the World Economic Outlook say about India and Bangladesh?
According to a new report, Bangladesh’s population is expected to grow by 4% by 2020 and will be 188 in the United States in 1888, while India’s GDP will grow by at least 10.3%. in the same financial year. He estimates that this could lead to the fall of 188 in 1887, the lowest level in four years.
In India, the International Monetary Fund invested 5.2 percent in the first half of the current fiscal year but eventually rose to 10.3 percent. the best in the country since 1947. The largest decrease in the financial year.
It should be noted that in 2021-22, the IMF forecasts a growth rate of more than 8% in India.
India has been ranked as the third poorest country in South Asia in the current fiscal year and its GDP is always higher than Pakistan and Nepal, but countries such as Bangladesh, Bhutan, Sri Lanka and the Maldives are ahead of India.
“Have a good day?”
This news provoked communication and was said to be a mistake by the government in Modi.
Although the International Monetary Fund has found that a contraction in ungovernable governance has contributed to the spread of the Corona epidemic, analysts say the Indian economy is showing signs of slowing down.
Opponent Rahul Gandhi criticized the BJP government, saying: “The government has done this for the past year. Bangladesh is also planning to go beyond India.
Vikas Pandey, a BJP volunteer, tweeted Rahul Gandhi: “If you want to copy, copy everything.” Here is the full report on where you got this line. “This is a temporary disruption. In 2021, India will repeat itself in Bangladesh.”
Trinamool Congress Member of Parliament and Chair of the All India Youth Trinamool Congress, Abhishek Banerjee, tweeted the news to NDTV: in terms of GDP per capita. Population, Bangladesh is also ready to move on. Listen carefully that this is not their progress, but our great decline that has taken place in search of Narendra Modi it’s five trillion rupees dream.
Congress ‘Rohan Gupta wrote sarcastically:’ It is not possible for Bangladesh to surpass India in GDP! This is an international conspiracy against Modi’s nationalist government. The dock media is investigating and will come with the results shortly.
Many consumers asked if India is lagging behind Bangladesh, were those the “good days” promised?
The well-known journalist Swati Chatterjee wrote about it: “Dear Amit Shah, the people you described as ‘termites’ are ahead of India. CAA and NRC were a big step. PMO India good job you have sunk our economy.
How did Chinese trade grow despite the epidemic?
While the coronavirus has slowed economies around the world, Chinese trade has grown exponentially. Official figures show that exports increased by 9.9 per cent in September, while imports increased by 13.2 per cent.
Due to the increase in the number of imports, the extra trade in foreign exchange fell from 59 59 billion. Up to 37 37 billion. Most other major economies are suffering massive losses due to trends in government spending from lockdown and fear.
But the figures show that China was quickly responsible for the deficit after an initial drop in orders from abroad due to the epidemic.
China was the first country to be infected with the Coronavirus, and the first cases were reported late last year.
The first three months of 2020 saw a sharp decline in the world’s second-largest economy before the economic recovery in July.
However, he warned that demand for these goods would start to decline after a while.
How did the Chinese economy recover so quickly?
At the end of September, China’s total imports and exports with China and other countries rose by 0.7% or more than 120 trillion yuan, offsetting early losses from the coronavirus.
The Japanese economy had contracted the most in August. One of the reasons was the decline in exports. Likewise, the US economy saw its sharpest decline in decades.
The International Monetary Fund (IMF) forecasts a slight decline for the world economy from the downturn in June.