AP PSYCHOLOGY

Detailed explanation-1: -In 2021, purchasing power parity for Bangladesh was 32.1 LCU per international dollars. Purchasing power parity of Bangladesh increased from 16.3 LCU per international dollars in 2002 to 32.1 LCU per international dollars in 2021 growing at an average annual rate of 3.63%.

Detailed explanation-2: -Bangladesh Economic Outlook The economy appears to have weakened so far in FY 2023 (July 2022–June 2023). A flagging global economy is hindering economic activity; merchandise exports expanded 11% in July–December, compared to 34% in FY 2022.

Detailed explanation-3: -Hence in terms of PPP based per capita GDP India is still ahead of Bangladesh. India’s per capita GDP at PPP is USD 6, 284 and Bangladesh’s USD 5, 139.

Detailed explanation-4: -Bangladesh has been ranked 34th in World Economic Forum’s Inclusive Development Index’s list of emerging economies, way ahead of South Asian competitors India, Pakistan and Sri Lanka.