IMF’s India Vs Bangladesh GDP Projection Sparks Digital Meme Fest
Social media was abuzz with memes and posts after the International Monetary Fund (IMF) predicted that Bangladesh will surpass India in terms of per capita gross domestic product (GDP).
As per IMF’s World Economic Outlook report released earlier this week, Bangladesh’s GDP is expected to grow by 4 per cent this year to $1,888, while India’s GDP is likely to decline 10.5 per cent to $1,877, ThePrint reported.
Sarcastic memes targeting the Narendra Modi government have flooded social media.
Slamming the government, Congress leader and ex-chief Rahul Gandhi tweeted that this is a “solid achievement of 6 years of BJP’s hate-filled cultural nationalism.”
Solid achievement of 6 years of BJP’s hate-filled cultural nationalism:
Bangladesh set to overtake India.
— Rahul Gandhi (@RahulGandhi) October 14, 2020
Here’s how digital users reacted to this projection:
Economist and former chief economic advisor Arvind Subramanian has opposed the projection that Bangladesh will surpass India in GDP. “The India-vs-Bangladesh GDP per capita comparison (post @IMFNews WEO) has sparked anxiety & acrimony. But wrong numbers being compared. NO, on more appropriate metric, India has not been surpassed and, according to IMF, unlikely to be in near future,” he tweeted in a long thread on Saturday.
1/ The India-vs.-Bangladesh GDP per capita comparison (post @IMFNews WEO) has sparked anxiety & acrimony
But wrong numbers being compared
NO, on more appropriate metric, India has not been surpassed and, according to IMF, unlikely to be in near future pic.twitter.com/hdJskGbTBY
— Arvind Subramanian (@arvindsubraman) October 16, 2020