Bangladesh beats India in per capita income

[Black_cats]

Bangladesh beats India in per capita income

Express News Service | Published: 20th May 2021 10:02 AM

For representational purposes


NEW DELHI: India has technically slipped below Bangladesh in terms of per capita income as the neighbouring country reported its per capita income at $2,227 in the financial year 2020-21— over 9 per cent jump from $2,064 in 2019-20. Latest official data show that India’s per capita income reached $1,947.417, thanks to the sharp contraction in the economic growth due to Covid-19 pandemic and the subseqent nationwide lockdown.

Planning Minister of Bangladesh MA Mannan placed the statistics at a virtual cabinet meeting held with Prime Minister Sheikh Hasina in the chair, reported the national dailies in Bangladesh. “Our per capita income stands at $2,227 in the fiscal year 2020-21, but the previous fiscal year’s per capita income was $2,064. So, the growth rate is 9 per cent,” the Bangladesh cabinet secretary was quoted as saying.

“It’s merely a temporary phenomenon. Bangladesh is more a destinationation of labour intensive exports but that can’t keep on driving the growth engine faster than India’s. Once the pandemic recedes these will crank up growth. I would put it as more of a statistical anomaly and of course India shooting on its feet with some useless policies. But this will come to pass,” an economist working with a foreign financial service firm said on the condition of anonymity.

When the World Economic Outlook data was released by the International Monetary Fund in October last year, it had also projected Bangladesh to surpass India in terms of per capita GDP (at current prices) in dollar terms in 2020. That time, too, it had sparked a row.

Bangladesh beats India in per capita income

NEW DELHI: India has technically slipped below Bangladesh in terms of per capita income as the neighbouring country reported its per capita income at $2,227 in

www.google.com

 

[Mohamed Bin Tughlaq]

Supa puwa? hahaha. Bangladesh is the one becoming the Superpower

 

[Maira La]

Watch out, superpower sweepers are coming to your streets soon.

“It’s merely a temporary phenomenon. Bangladesh is more a destinationation of labour intensive exports but that can’t keep on driving the growth engine faster than India’s. Once the pandemic recedes these will crank up growth. I would put it as more of a statistical anomaly and of course India shooting on its feet with some useless policies. But this will come to pass,” an economist working with a foreign financial service firm said on the condition of anonymity.

 

[Jobless Jack]

Watch out, superpower sweepers are coming to your streets soon.




View attachment 745529

The biggest worry for India's neighbours will be how to deal with these illiterates next door.

Its like dealing with a baboon armed with nukes.building a wall may not be Enough.

For the sake of peace and order,Foreign Intervention is necessary to denuclearize india, to keep nukes out of the hindu terrorists hands.

 

[Valar.]

 

[Nasr]

Now that is proof how india's economic miracle is a BIG FAT LIE. There is no economic miracle unless there is benefit to uplift people out of poverty. So far, india has failed miserably in achieving this. Bangladesh, if it truly has achieved this Per Capita Income now, has shown how it is really done, ma-sha-Allah.

Pakistanis really need to pull their socks up, unite and work hard to achieve eradication of poverty, and then move toward an economy which is based on collective progress and innovation. We need to base our economy on National Reserves which are "Intrinsic Value" (Gold) and get out of the IMF/WB debt-death trap.

Pakistan should not owe anyone any money, Period!!!

 

[Anubis]

White people slave movie sweeping komolapur rail station starring anato jalil called jharudar the sweeper comming soon.

 

[Wood]

Congrats, Bangladesh.

A booming economy in the South Asian neighborhood should eventually bootstrap the entire region in a growth trajectory. India will stand to benefit from Bangladesh's rise

 

[Bilal9]

Watch out, superpower sweepers are coming to your streets soon.




View attachment 745529

Actually,

a) a lot of Indian higher-educated corporate folks (Tourist Visa overstayers) are working in Bangladesh because of lax immigration enforcement in our country and this is primarily,

b) because of dearth of well-trained homegrown corporate talent graduating from local graduate business programs.

While we can do something about (a) it won't be a success because we severely lack at (b).

How do we solve (a)?

Simple - we increase enforcement of Bangladesh immigration rules more rigidly (reward RAB folks with extra graft which the violating corporates will pay), punish corporates who don't report employing these Indians, bring the few legally employed under stringent tax umbrella. The days of sending funds to India under tax-free Hundi will be over. But there has to national dialog on this, which the Indian Dalals and Sushil Shamaj in Bangladesh want to avoid at all costs.

I mean - a 3rd world country like India can enforce custom and immigration rules to the hilt, why can't we?? A combination of Bangladeshi uneducated / unqualified govt. servants compounded with Indian Dalal influence in Bangladesh are the reasons why.

How do we solve the long term problem of (b) (training high grade corporate talent) instead of giving jobs to these Indian managers who are paid higher salaries? This will take longer to solve. The problem is mostly ours, we have to own up to them.

I want to separate the issue of High grade "C" level folks appointed to Bangladesh by International firms like say Unilever or Stanchart. Those are not the problem.

However illegal visa overstayer mid-managers from India (who are taking jobs from Bangladeshi mid managers in mainly apparel export companies), are a problem. The number of these people can be in the lakhs now, and they are paid at least four or five times what a local Bangladesh MBA graduate gets paid.

Training course are needed (initially at small scale), provided by Bangladeshi expat community folks like Naveed Mahbub, on,

1. Impeccable communication in English, via e-mail and social media.
2. Exposure on how to communicate in business using Western protocol.
3. Common US and EU business etiquette
4. Ways to dress-to-impress (anti-labendish scheme).

An example,

Those who attend these courses will themselves need to be chosen from our top business schools (Dhaka Univ IBA, NSU, East-west and others) to groom a la the Golden Eggs in Japan and will be presented to the Corporates in hiring fairs.

The Corporates (their human resource depts.) will need to sponsor these trainings to ensure supply of local talent to their companies, rather than lazily (and illegally) hiring Indians.

In fact - the local corporates can sponsor ex-diplomat corporate trainers and retired folks who have had prior experience working in UK, US, EU corporate companies.

Stiff penalties, boycotts (and public shaming) will need to be arranged for Bangladeshi companies that are habitual offenders in this space. To make this more visible, a "Top Ten" list can be published monthly naming Bangladeshi companies who are top offenders in hiring Illegal Indian managers earning salaries tax-free.

 

[fallstuff]

Bangladesh beats India in per capita income

Express News Service | Published: 20th May 2021 10:02 AM

For representational purposes


NEW DELHI: India has technically slipped below Bangladesh in terms of per capita income as the neighbouring country reported its per capita income at $2,227 in the financial year 2020-21— over 9 per cent jump from $2,064 in 2019-20. Latest official data show that India’s per capita income reached $1,947.417, thanks to the sharp contraction in the economic growth due to Covid-19 pandemic and the subseqent nationwide lockdown.

Planning Minister of Bangladesh MA Mannan placed the statistics at a virtual cabinet meeting held with Prime Minister Sheikh Hasina in the chair, reported the national dailies in Bangladesh. “Our per capita income stands at $2,227 in the fiscal year 2020-21, but the previous fiscal year’s per capita income was $2,064. So, the growth rate is 9 per cent,” the Bangladesh cabinet secretary was quoted as saying.

“It’s merely a temporary phenomenon. Bangladesh is more a destinationation of labour intensive exports but that can’t keep on driving the growth engine faster than India’s. Once the pandemic recedes these will crank up growth. I would put it as more of a statistical anomaly and of course India shooting on its feet with some useless policies. But this will come to pass,” an economist working with a foreign financial service firm said on the condition of anonymity.

When the World Economic Outlook data was released by the International Monetary Fund in October last year, it had also projected Bangladesh to surpass India in terms of per capita GDP (at current prices) in dollar terms in 2020. That time, too, it had sparked a row.

Bangladesh beats India in per capita income

NEW DELHI: India has technically slipped below Bangladesh in terms of per capita income as the neighbouring country reported its per capita income at $2,227 in

www.google.com

I always whole hearted supported India's fence construction around BD, I knew someday its going to be handy.

Trolling aside its really not that much more from Indian GDP.
There are so much more work to do to improve the lives of poor people in BD as most people are poor in BD.

 

[fallstuff]

Actually,

a) a lot of Indian higher educated corporate folks (Tourist Visa overstayers) are working in Bangladesh because of lax immigration enforcement in our country and also,

b) because of dearth of homegrown well trained corporate folks.

While we can do something about a) it won't be a success because we severely lack at b).

How do we solve a)?

Simple - we increase enforcement of Bangladesh immigration rules more rigidly (reward RAB folks with extra graft which the violating corporates will pay), punish corporates who don't report employing these Indians, bring the few legally employed under stringent tax umbrella. The days of sending funds to India under tax-free Hundi will be over. But there has to national dialog on this, which the Indian Dalals and Sushil Shamaj in Bangladesh want to avoid at all costs.

I mean - a 3rd world country like India can enforce custom and immigration rules to the hilt, why can't we?? A combination of Bangladeshi uneducated / unqualified govt. servants compounded with Indian Dalal influence in Bangladesh are the reasons why.

How do we solve the long term problem of b) (training high grade corporate talent) instead of giving jobs to these Indian managers who are paid high grade salaries? This will take longer to solve. The problem is mostly ours, we have to own up to them.

I want to separate the issue of High grade C level folks appointed to Bangladesh by International firms like say Unilever. Those are not the problem. However illegal visa overstayer mid-managers from India (who are taking jobs from Bangladeshi mid managers), are a problem. The number of these people can be in the lakhs now, and they are paid at least four or five times what a local Bangladesh MBA graduate gets paid.

Training course are needed (initially at small scale), provided by Bangladeshi expat community folks like Naveed Mahbub, on,

1. Impeccable communication in English, via e-mail and social media.
2. Exposure on how to communicate in business using Western protocol.
3. Common US and EU business etiquette
4. Ways to dress-to-impress (anti-labendish scheme).

An example,

Those who attend these courses will themselves need to be chosen from our top business schools (Dhaka Univ IBA, NSU, East-west and others) to groom a la the Golden Eggs in Japan and will be presented to the Corporates in hiring fairs

The point is there aren't enough qualified business graduates coming out of the education system. I know a few factory and resort owners who keep saying there aren't enough qualified candidates in BD.
They think Sri Lankan mangers are better than Indian ones.

 

[Bilal9]

The point is there aren't enough qualified business graduates coming out of the education system. I know a few factory and resort owners who keep saying there aren't enough qualified candidates in BD.
They think Sri Lankan mangers are better than Indian ones.

Yeah that is a lazy excuse while they get away with hiring illegals without govt. repercussions. These companies need to follow the law and quit the country if they will not. They cannot profit in Bangladesh and not follow the law.

Companies will need to pay to train and "qualify" graduates. The training like I said will need to be for MBA course graduates. I am sure there will be plenty of training takers in Bangladesh, if they eventually get paid as highly as Indians or Sri Lankans do.

We have different level of compensation for new Bangladeshi MBA graduates and illegal chapabaj Indians whose only claim to fame is speaking English a bit better. You cannot pay people differently and expect the same level of talent to be attracted to these jobs.

I admit there are some talentless Bangladeshi MBA graduates that come out every year, but that is not and never can be a 100% of all graduates.

We have to blatantly and openly name-and-shame these Bangladeshi companies in the media if they keep hiring illegal Indians or Sri-Lankans.

 

[Bilal9]

Look at the Unilever Future Leaders Program, Bangladeshi corporates should be forced to take up these programs, they are too lazy and won't do it themselves.

Where will the future business leaders come from? You have to groom them, there are no shortcuts.

Talent does not grow on trees.

 

[fallstuff]

Yeah that is a lazy excuse while they get away with hiring illegals without govt. repercussions. These companies need to follow the law and quit the country if they will not. They cannot profit in Bangladesh and not follow the law.

Companies will need to pay to train and "qualify" graduates. The training like I said will need to be for MBA course graduates. I am sure there will be plenty of training takers in Bangladesh, if they eventually get paid as highly as Indians or Sri Lankans do.

We have different level of compensation for new Bangladeshi MBA graduates and illegal chapabaj Indians whose only claim to fame is speaking English a bit better. You cannot pay people differently and expect the same level of talent to be attracted to these jobs.

I admit there are some talentless Bangladeshi MBA graduates that come out every year, but that is not and never can be a 100% of all graduates.

We have to blatantly and openly name-and-shame these Bangladeshi companies in the media if they keep hiring illegal Indians or Sri-Lankans.

Businesses won't hire illegal Indians or Sri Lankans unless they have to.
This one BD friend told me he likes to hire Sri Lankans. He never said exactly what they lack in terms of qualification, but did said candidates need to have the talent to match the job. I will ask him next time I speak to him as he is involved with Chamber of Commerce.

 

[Species]

Yeah that is a lazy excuse while they get away with hiring illegals without govt. repercussions. These companies need to follow the law and quit the country if they will not. They cannot profit in Bangladesh and not follow the law.

Companies will need to pay to train and "qualify" graduates. The training like I said will need to be for MBA course graduates. I am sure there will be plenty of training takers in Bangladesh, if they eventually get paid as highly as Indians or Sri Lankans do.

We have different level of compensation for new Bangladeshi MBA graduates and illegal chapabaj Indians whose only claim to fame is speaking English a bit better. You cannot pay people differently and expect the same level of talent to be attracted to these jobs.

I admit there are some talentless Bangladeshi MBA graduates that come out every year, but that is not and never can be a 100% of all graduates.

We have to blatantly and openly name-and-shame these Bangladeshi companies in the media if they keep hiring illegal Indians or Sri-Lankans.

Look at the Unilever Future Leaders Program, Bangladeshi corporates should be forced to take up these programs, they are too lazy and won't do it themselves.

Where will the future business leaders come from? You have to groom them, there are no shortcuts.

Talent does not grow on trees.

Thanks for bringing this up bhai, these are exactly what I have observed as well.

The fact that Bangladesh doesn't produce decent business graduates is nothing but a myth, not only Unilever's FLP, also check out British American Tobacco's Battle of Minds, Bangladeshi teams have been regularly the top performers in global business competitions.

You have used a very apt word to describe the local companies, "lazy" is the one. Apart from few, most Bangladeshi companies have no vision at all and this is largely true especially for the garments industry. Funnily enough, while local companies look for foreign talent, the MNCs in Bangladesh have managements consisting local graduates: BAT, Grameenphone, Standard Chartered, HSBC and more. That's because these companies have efficient recruitment strategies and training programs as well as attractive remunerations.