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Business · 2026-10-25 · Afternoon briefing

South Asia: Bangladesh’s per capita GDP to surpass India’s

Bangladesh’s per capita GDP is projected to surpass India’s this year, according to a forecast from the International Monetary Fund. The figure for Bangladesh is expected to reach $2,886, narrowly edging out India’s $2,749. This comes despite India possessing a much larger overall economy, projected at $4.15 trillion against Bangladesh’s $506.4bn.

The divergence is underpinned by contrasting industrial trends. Bangladesh has maintained consistent economic growth of around 6% annually, while its manufacturing sector's contribution to gross value added is set to reach 22% by 2025, a significant rise from 16.6% in 2014. Over a similar period, World Bank data shows India’s manufacturing share of GDP fell from 15.1% to 13.5%.

The lead is expected to be temporary. India's overall economy is forecast to grow at 7% this year, nearly double Bangladesh's 3.6% rate. Based on these trends, the IMF projects India's per capita GDP of $3,661 will once again overtake Bangladesh's ($3,334) by 2029.

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