Reliance Power bags $1.3 billion LNG-based project in energy-starved Bangladesh

[Ryuzaki]

searched on google and India-BD have trade of $6.5 billion.But bangladesh contributes only 500 million in that!
Anyone got latest stats?

 

[UKBengali]

Even if we discount that Bangladesh's data is from 2010 and for India's is 2015.This two information were sited from two different sources.For India it was found from world bank 2015 data,and for BD, no source were given.This is the quality of wikipedia list for you.In 2015 World bank and IMF upgraded their ppp factoring and poverty estimation upon which reflected in 12.4 percent figure for India.While for BD, I think it was taken from the data at least 10 years earlier with all those outdated calculation.
@UKBengali

This @Nilgiri guy is a joke if he really thinks that BD has 40% poverty and India is at 12.5%.

BD is around India's level of poverty as it is better than some Indian states and worse than others.

 

[Awesome Indian]

BD will never allow india to have strategic control of it's economy.

India, on the other hand, has pretty much handing over economic control of all neighbouring states to BD as it cannot develop them by it's own.

Look at BD's exports and imports - India is only a fraction on both indicators.

You are just a retarded fool.India just opened a route through BD to NE states because it was long and expensive route through Sikkim not handed over economic control to BD...

 

[Homo Sapiens]

This @Nilgiri guy is a joke if he really thinks that BD has 40% poverty and India is at 12.5%.

BD is around India's level of poverty as it is better than some Indian states and worse than others.

Indian data is from this world bank publication in october,2015 which sited in wikipedia
http://pubdocs.worldbank.org/pubdoc...09701443800596288/PRN03-Oct2015-TwinGoals.pdf

 

[UKBengali]

You are just a retarded fool.India just opened a route through BD to NE states because it was long and expensive route through Sikkim not handed over economic control to BD...

BD can close this route in future as it pleases although it will have to come to a very serious situation for this to happen.

Who is the retard here?

 

[Nilgiri]

Even if we discount that Bangladesh's data is from 2010 and for India's is 2015.This two information were sited from two different sources.For India it was found from world bank 2015 data,and for BD, no source were given.This is the quality of wikipedia list for you.In 2015 World bank and IMF upgraded their ppp factoring and poverty estimation upon which reflected in 12.4 percent figure for India.While for BD, I think it was taken from the data at least 10 years earlier with all those outdated calculation.
@UKBengali

Well if you look at the trend of poverty reduction in Bangladesh even by its national poverty measurement claim (2 dollars PPP)...it is not looking so hot.

I mean lets stick to the old way only (and forget about the revised 12.4% figure).

http://povertydata.worldbank.org/poverty/country/BGD

http://povertydata.worldbank.org/poverty/country/IND

India decreased poverty between 2009 and 2011 by a full 10% (5% a year)

Bangladesh decreased poverty between 2005 and 2010 by 8% (1.6% a year) and that too this is for 1.25 PPP and not 1.90 PPP (but lets ignore that too to help Bangladesh out here).

So going by even that trend under the old definition, absolute poverty in Bangladesh is now expected to be around 36% and India <10% in 2015.

Im sorry Bangladesh and India are not in the same ballpark when it comes to poverty. So much for the RMG + manufacturing theory. That will take a much longer time to manifest it seems.

Even if we discount that Bangladesh's data is from 2010 and for India's is 2015.

Nope. The 12.4% revision for India was for 2011. The publication just happened to be published in 2015. The new figure for 2015 will be in single digits.

How Bangladesh benefits or not from the new system of measurement will be seen in the next major WB poverty report.

 

[Jamwal's]

searched on google and India-BD have trade of $6.5 billion.But bangladesh contributes only 500 million in that!
Anyone got latest stats?

Absolutely correct figure.This is also according to Assocham.

Trade surplus is $ 5.68 billion in our favor

Also - Lamo

 

[Homo Sapiens]

India decreased poverty between 2009 and 2011 by a full 10% (5% a year)

Only a ganja addict will believe that India reduced poverty 5 percent per year.That will be at least twice faster then China,the most rapid reducer in this category.

 

[Nilgiri]

Only a ganja addict will believe that India reduced poverty 5 percent per year.That will be at least twice faster then China,the most rapid reducer in this category.

Tell it to the world bank.

BTW China had around a 5% a year drop between 2002 and 2005...and also from 1993 to 1996.

http://povertydata.worldbank.org/poverty/country/CHN

So where is your "twice as fast" coming from?

No need to get butthurt over it.

If you don't want to believe it, thats your choice.

But Bangladesh is a laggard when it comes to reducing poverty. Simple statement of fact.

This @Nilgiri guy is a joke if he really thinks that BD has 40% poverty and India is at 12.5%.

BD is around India's level of poverty as it is better than some Indian states and worse than others.

Better start protesting in front of the World Bank HQ then. Maybe they will give you an audience for your concerns in Bangladesh poverty being so high according to them.

 

[Homo Sapiens]

India decreased poverty between 2009 and 2011 by a full 10% (5% a year)

Bangladesh decreased poverty between 2005 and 2010 by 8% (1.6% a year) and that too this is for 1.25 PPP and not 1.90 PPP (but lets ignore that too to help Bangladesh out here).

You should read this citation at the top of world bank list.World bank are using 2005 data for BD.
Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)
Poverty headcount ratio at $1.90 a day is the percentage of the population living on less than $1.90 a day at 2011 international prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. Note: five countries -- Bangladesh, Cabo Verde, Cambodia, Jordan, and Lao PDR -- use the 2005 PPP conversion factors and corresponding $1.25 a day and $2 a day poverty lines. This is due to the large deviations in the rate of change in PPP factors relative to the rate of change in domestic consumer price indexes. See Box 1.1 in the Global Monitoring Report 2015/2016 (http://www.worldbank.org/en/publication/global-monitoring-report) for a detailed explanation.


Here is another soure which says 13 percent people in BD is ultra poor,which I believe measured in a same matric with which indian 12.4 percent figure was found.
http://www.copenhagenconsensus.com/bangladesh-priorities/fighting-ultra-poverty-bangladesh

 

[Nilgiri]

BD will never allow India to have strategic control of it's economy.

India, on the other hand, has pretty much handing over economic control of all neighbouring states to BD as it cannot develop them by it's own.

Look at BD's exports and imports - India is only a fraction on both indicators.

LOL yeah whatever you say.

We already have complete political control via a certain lady.

When we say jump, you ask how high. Thats the state of the relationship whether you like it or not....and whether you admit it or not.

And we are apparently handing over economic control of our border states to you. You yourself said India-Bangladesh trade is pretty miniscule for Bangladesh.....well its even more miniscule for us even though we export 12 times to you than we import. But it has all the hallmarks of a long term mutually beneficial economic arrangement...so let the dice fall where they may within the core reality. Whether Bangladesh turns into a solid partner or ends up continuing to be a total captive market is up to Bangladeshi economic performance. It certainly wont be one thing: an economic hegemon for the surrounding states.....too many hoops to jump through for Bangladesh before we can even start to speculate about that.....because you just have no idea what the level of Indian economic growth is going to mean.

 

[gslv mk3]

BD is around India's level of poverty as it is better than some Indian states and worse than others.

Tell that to UN & WB,Mr.Economist.You're making a joke out of yourself.

4 billion dollar Padma Bridge is funded entirely by BD money.
4 billion dollar railway link from Dhaka to South West is being 1/3rd funded by BD internal resources.

Many other huge infrastructure projects being funded by Russia/Japan like Roopur nuclear plant and Matabari coal plant/port project.

Too little,for a country of 160 million.

 

[Awesome Indian]

BD can close this route in future as it pleases although it will have to come to a very serious situation for this to happen.

Who is the retard here?

Retard will still be BD as it will be BD loss not ours we have other routes too..they will not get their taxes

 

[UKBengali]

Too little,for a country of 160 million.

I am not even talking about other projects like Dhaka metro and the road constructions going on dude.

BD infrastructure investment will keep accelerating with economic growth - the country is on target to get a good infrastructure system by 2030.

 

[Nilgiri]

You should read this citation at the top of world bank list.World bank are using 2005 data for BD.
Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)
Poverty headcount ratio at $1.90 a day is the percentage of the population living on less than $1.90 a day at 2011 international prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. Note: five countries -- Bangladesh, Cabo Verde, Cambodia, Jordan, and Lao PDR -- use the 2005 PPP conversion factors and corresponding $1.25 a day and $2 a day poverty lines. This is due to the large deviations in the rate of change in PPP factors relative to the rate of change in domestic consumer price indexes. See Box 1.1 in the Global Monitoring Report 2015/2016 (http://www.worldbank.org/en/publication/global-monitoring-report) for a detailed explanation.
Here is another soure which says 13 percent people in BD is ultra poor,which believe measured as same matric with which indian 12.4 percent figure was found.
http://www.copenhagenconsensus.com/bangladesh-priorities/fighting-ultra-poverty-bangladesh

And if you undestand what that all means, it means the poverty rate is probably higher since we are using 1.25 PPP as the reference point.

The PPP multiplier for Bangladesh was about 3.7 in 2005 and 3.2 in 2010.

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=59&pr.y=10&sy=2000&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513&s=NGDPDPC,PPPPC&grp=0&a=

So using a PPP multiplier of 3.7 during the 2010 calculation along with using 1.25 PPP as the poverty cut off line and ignoring the non-SD compliant price level effects would basically be the lowest possible estimate of poverty (seeing how PPP multiplier decreased in the time frame and obviously that there would be less poor people when you have 1.25 as the cutoff instead of 1.90).

Basically WB didnt like the way the PPP factor changed so quickly for certain number of countries so they figured to conservatively extrapolate.

You can read it all in box 1.1 of the report:

http://pubdocs.worldbank.org/pubdoc...44058224597/Global-Monitoring-Report-2015.pdf

Its not going to significantly change from the actual number if Bangladesh magically had better CPI/PPP correlation (in fact the poverty rate would probably increase if anything given 1.90 PPP is a larger bracket especially combined with a lower PPP multiplier of 3.2 compared to 3.7 in 2005.)

But we are basically giving Bangladesh the benefit of the doubt here and going with the lower expected poverty figure and ignoring the price level changes from 2005 to 2010 since they were apparently pretty drastic in the PPP calc.