Take it up with Times of India
India News: NEW DELHI: An estimated 87 million women and girls are living in extreme poverty in 2020 in India and this number is expected to increase to around 10.
Offcourse. However there are no self made billionaires anywhere in the planet.Billionaires specifically industrialists have major role in economic development of a nation also GDP contribution
Case study South Korea
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Remove Samsung, LG and Hyundai from South Korea, overnight the country would be no different from an average South East Asian nation
Wow changing from economics to military just to change topicFunny how both Pakistanis and Bangladeshis use this index everytime
Bangladesh is nothing compared to India on the world stage. India is what we call a great power aka global power. Which means that are we can influence world events. You guys are not even a regional power LMAO....
There has been skill shortages as we are growing exponentially so it is expected. We are now closing the gaps fast and universities are producing enough graduates to fill up the roles.
like other east asian countries, we want to get to manufacturing
Here are some Bangladeshies who want to see Bangladesh follow Indias path to overlook manufacturing
We were then taking about crossing Pakistan then and was estimating to cross India by 2025. But this came way earlier then even our prediction.
You will still be where you were in next 4to 5 years with modi and we insallah will be waayyyy waay ahead.
Unsafe working conditions have nothing to do with the working condition of factory workers? Do you even know what you are talking about? Do you realize that you are contradicting yourself?
IMF WEO database April 2022
GDP per capita (nominal USD)
GDP per capita (PPP USD)
You're doing better in what, exactly?
Yes, surely will happen with your GSP quota dependent low Economic complexity economy.
Many low-income countries, including Bangladesh, Venezuela, and Angola have failed to diversify their knowhow and face low growth prospects. Others like India, Turkey, and Malaysia have successfully added productive capabilities to enter new sectors and will drive growth over the coming years.
And then Indians judging BD for lacking cars - another example of their superficial values. Happy to watch their countrymen starve but show off in a nice car.
BD policy and society is a compassionate one. Every Bangladeshi understands that more cars are no good for society and you will never see a complaint.
Those billionaires are nothing to be proud of, they're the symptom of a cruel, greedy society - and you know it.
As you show we are doing better in nominal GDP. That is the international measure, not PPP. As to the latter it is only a matter of time.
You can point to GSP as much as you want. You could have chosen to be an LDC which is what you are. When the designation was set in the 70s any country with over 60m population had a choice to self designate themselves as LDC or DC. India chose the latter and suffered the consequences.
BD specialised in RMG as that is where our competitive advantage lay for exports. It is also import substituting and developing an economic base and diversifying its exports. BD productive capacity is showing up in its GDP figures. Exports only consititutes about 20% of the economy. 80% of its economy is growing because of its economic engine. Your conclusion run contrary to facts.
It's your ilk who is ashamed of reality of your supposed "Asian tiger economy". I have seen the most creative excuses for Bangladesh's extremely low consumption figures, which contradict the supposed "economic development''
Bangladesh has low number of personal vehicles (cars, motorcycles) because Bangladeshis prefer eco-friendly modes of transport.
Bangladesh has lower sales of smartphones per capita, as Bangladeshis prefer to smuggle them in.
Bangladesh has much lower per capita electricity consumption because it's industries are more efficient.
Bangladesh has lower consumption of primary energy per capita, as motor vehicles in Bangladesh are more efficient.
There are zillion such excuses, all to hide the fact that the reality is quite different from whatever your statistical bureau publishes.
GDP per capita (nominal USD)As you show we are doing better in nominal GDP. That is the international measure, not PPP. As to the latter it is only a matter of time
You can point to GSP as much as you want. You could have chosen to be an LDC which is what you are
BD specialised in RMG as that is where our competitive advantage lay for exports.
It is also import substituting and developing an economic base and diversifying its exports
>India is very poor
>100 trillion Indians starving
> India don’t have food
All the excuses, Billionaires are not created just because they prayed to god to become a billionaire. All the billionaires became rich by creating wealth, jobs and economic activity. It’s funny to see people saying only 1% of Indians benefit from IT industry, how many of BDeshis benefit from IT? Not even 0.1% I guess. India’s domestic car sales are 3 million cars a year which are manufactured in India, millions are directly and indirectly involved in this industry, how many do BDeshis employ in automobiles? If textiles could make Bangladesh richer than India then why is it so that Bangladesh’s domestic textile market itself is 12% smaller than India even on a per capita basis, 12% difference is no joke. All these made up figures can’t help you in real life.
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