As per the GDP growth forecast of the World Bank, Bangladesh will eclipse India, China and Pakistan. 


Such indications were given in the agency’s Global Economic Prospects report, which was published on the World Bank website on 8 January, Wednesday.
The report hints that in the 2019-20 fiscal year, Bangladesh will have a 7.2 per cent growth rate, which may rise to 7.3 per cent the following year. In the 2019-20 fiscal year, GDP target set by the government is at 8.2 per cent.
Researcher for Bangladesh Institute for Development Studies (BIDS) Dr Zayed Bakht feels that crossing India, Pakistan and China in GDP growth is very natural.
While big economies in the world are facing a slowdown, Bangladesh is moving at a fast pace and this is due to the various steps taken by the government to keep the economy strong, he added.
Dr Bakht feels that the internal market of Bangladesh is very big therefore; global problems do not have too much impact on the country.
World Bank feels that in India, investment from non-bank financial institutes has fallen and so, the growth rate will fall to 5 per cent, which may later rise to 5.8 per cent, for Pakistan it will be 2.4 per cent rising to 3. The growth in 2019 was 2.4 per cent which may rise to 2.5 per cent. In 2019, growth in Turkey and Mexico was zero and that situation may improve this year and the World Bank report also predicts an optimistic outlook for Iran’s economy which had shown a negative trend for some time.
In east Asia and Pacific regions, GDP growth will be 5.7 per cent but due to trade war, China’s growth may show a downward trend and the GDP may be 5.9 per cent.
The report also predicted a rise in the GDP of Columbia, Philippines, Thailand and Vietnam.