India Set To Drop Below Bangladesh In Per Capita Growth: IMF Shocker

PUBLISHED ON: October 14, 2020 | Duration: 2 min, 09 sec

  
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India is set to drop below Bangladesh in terms of per capita Gross Domestic Product (GDP) as the economy, according to the International Monetary Fund, is projected to contract by a massive 10.3% this year. The IMF's forecast for India, a huge downward revision from its previous prediction in June, will see the biggest contraction among major emerging markets amid the coronavirus pandemic.
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