The economy, comparison of Bangladesh and India’s economy, world economy, international economics.

The economy, comparison of Bangladesh and India’s economy, world economy, international economics.  

Currency:

Bangladesh: Taka.

India: Rupee.

Trade Organization:

India: WTO, WCO, SAFTA,  BIMSTEC, WFTU, BRICS, G-20, BIS, AIIB, ADB  and others.

Population:

Bangladesh: 165,158,616 (2022 est)

India: 1,417,173,173, ( 2^nd, 2022 est)

GDP:

Bangladesh: $460.75 billion (nominal, 2022, est)

India: $3.469 trillion (nominal, 2022est)

GDP Rank:

Bangladesh: 32 th (nominal, 2022)

India: 5 th  (nominal,2022)

GDP Growth:

Bangladesh:  6.0% 2023 Forecast

India: 6.1% 2023 Forecast

GDP per Capita:

Bangladesh: $2,934 (nominal 2022est.)

India: $ 2,466 (nominal 2022est.)

 GDP per Capita rank:

Bangladesh: 137^th (nominal 2022est.)

India: 142^nd ( nominal, 2022 est.)

GDP By Sector:

Bangladesh:  Agriculture: 12.91%,

                           Industry: 29.54%,

                           Services: 53.40%

India:             Agriculture: 18.8%

                         Industry: 28.2% 

                         Services: 53%

Inflation (CPI):

Bangladesh: 6.1% (nominal 2022est.) 9.1% (nominal 2023est.)

India: 6.52% ( January 2023)

Labor force by occupation:

Bangladesh: Agriculture: 40.6%,

                          Industries: 20.4%,

                          Service: 39.6%  

India:            Agriculture: 42.60%

                        Industries: 25.12%

                        Services: 32.28%

Unemployment:

Bangladesh: Overall 5.2%, (2021est)

India: 7.14% (January 2023)

Main industries:

Bangladesh: Textiles, Electronics, Pharmaceutical products, Automotive, Shipbuilding, Bicycle, Jute, Glass paper, Food and Beverages, Tea, Natural Gas, Iron and Steel, Rice, Plastic, Cement, Crude Petroleum.

India: Textiles, chemicals, food processing, agribusiness handicrafts, petroleum, petrochemicals gems and jewelry leather iron ore, steel, aluminum, cement, mining, metals, retail, machinery, information technology, aerospace, construction financial services, electric power, consumer goods pharmaceuticals, automotive, telecommunications, real estate paper, transportation equipment.

Exports:

Bangladesh: $52.08 billion (2021-2022)

India: $421.894 billion (FY20121-22)

Exports Goods:

Bangladesh: Cotton textiles and knitwear, jute and jute goods, fish and seafood, leather and leather goods, pharmaceuticals, home textiles, plastics, bicycles, and processed food.  

India: Manufacturers 70.8%

Fuels and mining products 17.3%

Agricultural products 11.5%

Others 0.4% (2019)

Main exports partner:

Bangladesh: European Union +44.6%, United States+19.9%, India +3.8%, Canada 2.9%, Japan +2.6%, Australia +1.7%, Southeast Asia +1.6%, China +1.3%, Others 21.4%

India: United States+16.89%, United Arab Emirates 6.77%, China 3.45%, Bangladesh 3.38%, Netherlands 3.37%, Others 66.14%

Imports:

Bangladesh:  $82.49 billion (2021-2022)

India: $612.608 billon (FY 2021-22)

Import goods:

Bangladesh: Liquified natural gas, crude oil, petroleum machinery and equipment, chemicals, cotton, and foodstuffs.

India: Agricultural products 5.7%

Fuels and mining products 36.5%

Manufacturers 49.4%

Other 8.3 %[34] (2019)

Main import partner:

Bangladesh: China, +21.5%, India +12.2%, Singapore +9.2%, European Union +6.2%, Hong Kong +5.5%, Others 45.3%

India: China 12.83%, United Arab Emirates 8.34%, Saudi Arabia 7.12%, United States 7.02%, Iraq 6.72%, Other 57.97% (FY 2021-2022)