Bangladesh becomes 4th largest remittance source for India

[Bilal9]

Its not official figures nor I think that Mohajirs will send money back to India

Mohajirs won't ask you before sending money back to their relatives.

India runs on remittance money. Literally world's largest handout receiver. Fact.

 

[KrimesKaster]

View attachment 804391
"The real picture of Indian people is different from the one they like to display in front of the world. They particularly dream up imaginary issues during their election campaigns against Bangladesh.

But Bangladesh's Foreign Minister told Indians that people of Bangladesh will rather swim the seven seas than cross the border in to a poorer country of the neighborhood for migration purposes.

Notice the majority of their remittance source are Muslim majority country. There are over 1 million Indians working in Bangladesh today and in 2017 alone Indians remitted over $10 billion from Bangladesh."

Source: https://www.facebook.com/DefsecaBD

@Bilal9 @Atlas @Avicenna @Homo Sapiens @bluesky Your thoughts?

Are you sure about this data : https://www.pewresearch.org/global/interactives/remittance-flows-by-country/

Pew Research's data tells a different story (for 2017) :

India to Bangladesh Remittance : 4.033 Billion dollars.
Bangladesh to India : 126 million dollars.
Bangladesh to China : 992 million dollars.
China to Bangladesh : 9 million dollars.

Whats the source of this data? Use quality data sources like world bank and Pew Research.

Also this source is telling about "Illegal Remittance". How reliable it can be?

More over, it says this :
India to Bangladesh = 13.0 billion dollars.
Bangladesh to India = 10.0 billion dollars.

If this is to be taken at face value, I see more money flowing from India to Bangladesh and not vice versa.

Lastly, this article compares this with legit remittance and claims Bangladesh to be 4th largest source of remittance. How do they know illegal remittance coming into India for all other countries?

 

[Bilal9]

10 billion dollars in remittance with just 1 million (or over) workforce, so $10,000 dollars are being remitted by a single person. Most of the freshers from BUET doesn't earn that much.

Tells you about the quality of Bangladeshi talent pool.

Bangal brain dada, high quality Ghoti brain to na.

Ki ar kora....

 

[Battlion25]

So Bangladesh is feeding India

 

[Bilal9]

So Bangladesh is feeding India

In part - yes.

That was India's plan in 1971, in any case.

 

[Akatosh]

View attachment 804391
"The real picture of Indian people is different from the one they like to display in front of the world. They particularly dream up imaginary issues during their election campaigns against Bangladesh.

But Bangladesh's Foreign Minister told Indians that people of Bangladesh will rather swim the seven seas than cross the border in to a poorer country of the neighborhood for migration purposes.

Notice the majority of their remittance source are Muslim majority country. There are over 1 million Indians working in Bangladesh today and in 2017 alone Indians remitted over $10 billion from Bangladesh."

Source: https://www.facebook.com/DefsecaBD

@Bilal9 @Atlas @Avicenna @Homo Sapiens @bluesky

Looks photoshop.
There is no newspaper named daily indu.

Anyways here is reality
(It shows the opposite is true)

Bilateral remittance flow between Bangladesh and India: Do World Bank estimates make sense?

The World Bank may be doing a pretty good job by informing policy makers and interested stakeholders about data on many fronts, but its data on bilateral remittance flows – especially in the case of Bangladesh and India – appeared to be inaccurate

www.tbsnews.net

 

[Bilal9]

So Bangladesh is feeding India

In part - yes.

That was India's plan in 1971, in any case.

@Bilal9 @Atlas @Avicenna @Homo Sapiens @bluesky

Looks photoshop.
There is no newspaper named daily indu.

Anyways here is reality
(It shows the opposite is true)

Bilateral remittance flow between Bangladesh and India: Do World Bank estimates make sense?

The World Bank may be doing a pretty good job by informing policy makers and interested stakeholders about data on many fronts, but its data on bilateral remittance flows – especially in the case of Bangladesh and India – appeared to be inaccurate

www.tbsnews.net

I believe the report may have been from the Daily Indus. Why do bhakts have to debunk anything supposedly and remotely derisive to Indian "prestige"??

Everyone overseas knows what India is all about and what conditions in India (in fact the whole subcontinent) is like.

Spreading lies and "smoke/mirror" tricks don't fool anyone. This is the age of the Internet and 2022, not 1922.

Look - there are at least two million illegal Indians working in Dhaka alone, take a flight sometime and come see for yourself. Some of these are managers and even CFO/CEO's of companies. The fact that we are allowing this is questionable, but when there is an export boom, you don't care about legalities. $hit must get done. This is not India.

There is no clear estimate of the number of illegal Indians working in Bangladesh, but conservative estimates easily put the number to around five million or so, maybe more. And most of these people are not street people, they are educated.

If Kumar wants to come work in Dhaka and earn a living whether looking at spreadsheets or manage garments factories, I'm not gonna say no (we're not narrow minded people like some in India). People go to earn a living wherever possible -to feed their families. We get it. We are not going to shoot them at the border like Indians do or detain them at Dhaka Airport immigration.

You want to say these management grade people (CEO's, accountants and CFO's) don't make a better salary than the few Bangladeshi Rickshawallas and Bais working in India (what Indian's claim?).

Find me ONE Bangladeshi management guy working in India for that matter. There are no jobs in India for Bangladeshis. Even if ONE job exists in India, there are thousands of applications for it. We see Indian media reports all the time. Bangladeshis are not pole-vaulting to India (except maybe smugglers who have a temporary business reason to cross over).

So regardless of reports this way or that, the better bet is that there is much more remittance going from Bangladesh to India. It only makes sense given the more educated Indians coming to Bangladesh to find work.

This is corroborated by official Bangladesh Bank (Our central bank) reports. Someone can post those here.

I am not worried about it.