Bangladesh Forex reserve nears $45b on higher remittance

[mmr]

Why 2050? And who is Goldman Sachs? Our Hasina Bibi has declared BD to become a developed country in 2041.

Bangladesh already a super power. Miracle economy. Hasina is the best. She should get three noble prizes.

 

[Surya 1]

Talent does not grow on Indian trees only. I don't understand the logic. There are many "excellent" Bangladeshi managers overseas, but not that many compared to India because Indian expats simply number higher.

Name few of them. They are nowhere near where Indians are. What you do is chest thumping and what I do is a statement of fact.

will admit Indians have benefited by the excellent education system and training in English language left by the British, that is a legacy left by Gora Sahibs, not Indians (in spite of this - Indian postal system and Railway system is still very undeveloped compared to China, Gora will not come back to fix it).

Gora had left same legacy for you as well. When Goras left India you and we were same. We are underdeveloped compared to China because we can not progress like china by enslaving people. Our growth is solid and based on justice and equality. We do not hsve the execution quota to hang people every year. What we have developed is human capital and we shall thtive on it.

It is not what you produce, but what you can sell/export overseas and internally to add value.

India is mainly an economy driven by internal consumption - and measures quite poorly when compared to China which is an export-based juggernaut. Your IMF Indian manager states this every year now

Yes, once agai I say that we had a very appologatic leadership till date. It has changed now and that is making a big difference. Our manufacturer have started kicking Chinese out from many parts of the world. Few days back, I had posted a thread here. Bajaj and TVS made 160 chinese companies of two wheelers closed their sjops in Africa. The issue is justthis. We are 10 to 15 years behind china because of many reason and the main is poor leadership.

And having capability to "produce anything ranging from textiles to spacecraft and nuclear reactors" is expected in a larger country of 1.2 Billion (or more) like India. It is not expected in Bangladesh which is one eighth the size of India's economy. For the size, Bangladesh has not done badly. It beat India in every major HDI and health/education indicator and beat India's per capita GDP - which is set to continue. If we can feed/clothe our people and give them toilets - we're fine. We don't need Mars/moon mission while our people have to practice open defecation.

UK, France, Germny and many other nstions are of less population than BD and yet they do that. In case I agree to what you say, you are agreeing rith me that BD can not make ehat India is capable of for whatever reason.⁵

In Bangladesh, they don't practice non-inclusive development like in India - where poor people die on the way to the hospital because they haven't been vaccinated and even in the hospital because of lack of oxygen supply. Instead of researching Mars/Moon missions, shouldn't you concentrate on researching oxygen generators? Some superpower - when UK and US have to airlift oxygen generators to India. Pretty shameful really...

Let's talk reality instead of pie-in-the-sky stories fed by Modi.

So - India's development record is already bad in relation to China, now it has started to look the same vis-à-vis Bangladesh.

Chahiye bar bar - Modi ka Sarkar...

This is an extraordinary situation and no other nation is capable to deal with such situation.I pray god that It may not happen with any other country but if it happens with BD or any other nation, you will see that they are not even a fraction of capable of what we are doing. You arr talking big mouth for China but we know very well how how China handled it eventhough it had happened in one city only. Rather than treating peole they were locked In houses without medicines to let them die. Many peoe can see development in 300 kmph train but fails to see this part of development. This is the difference between China and India. When we did not have pendamic, we had given a big quantity of vaccine to BD.
See, we are a country of oldest civilization. May be few years matter too much for you to judge so called progress for you. We are taught that satyam ev jayati. Those who are on the path of truth always emerge as victorious. You might think that China is ahead because they did something 10 to 15 years head of us but we believe that it is a dictatorial regime built on the the atrocities and opression of people. It cannot emerge into something beautiful, long lasting, and exemplary.

 

[not_two]

Bangladesh already a super power. Miracle economy. Hasina is the best. She should get three noble prizes.

Indians drink and piss more liquor than total gdp of Bangladesh ..They should choose to compete in their size category..

 

[mmr]

Indians drink and piss more liquor than total gdp of Bangladesh ..They should choose to compete in their size category..

not healthy. you guys need more bolloywood movies more entertainment.

 

[Bilal9]

Indians drink and piss more liquor than total gdp of Bangladesh ..They should choose to compete in their size category..

Not going to discuss Alcohol in Ramadan.

Irrelevant rants notwithstanding, the fact remains that your "superpower" country is more third world than Bangladesh. A lot of your own media is saying it, we didn't ask them.

All of India does not look like Gurgaon, Bangalore and Navi Mumbai. Unless Bhakts want to say that BIMARU states don't count as India anymore. The cow-belt states where most Bhakts live anyhow.

The Indian states surrounding Bangladesh (Assam, WB) have half the GDP per capita compared to that of Bangladesh. It will only get worse.

Are we trumpeting this from the rooftops like Indians do? No.

I guess facts don't matter to some.

 

[mmr]

Indians drink and piss more liquor than total gdp of Bangladesh ..They should choose to compete in their size category..

Dude you have no sense of humor. I was mocking hasina lmao.

 

[Bilal9]

Name few of them. They are nowhere near where Indians are. What you do is chest thumping and what I do is a statement of fact.

Educated Indians started emigrating to the West far earlier than Bangladeshis (or even Pakistanis) ever did, since the mid 1800's in some cases, and especially in large numbers after 1947.

Indians have been migrating overseas forever, primarily to the UK, Africa (especially South Africa, Kenya and Uganda), Malaysia and the Caribbean, where they were brought in as itinerant labor and in some cases businesspeople. India had a fifty year head-start, Bangladesh is just catching up now.

Bangladeshis belong to Bengali group, who essentially led Indian intellectual class (ICS) so talentwise you cannot look down on Bangladeshis as a group.

I know it is typical Bhakt rant material to name Google and Microsoft CEO being Indian, but those folks were chosen for those positions because Indians are employed in large numbers in those companies (they would work better with an Indian at the top). I know the level of talent in the Indian H1B class. It is basically padded resumes, outright lies, cheatery, dhokeybaaji and fooling Gora folks with it. This is well known in Silicon Valley - where H1B's are the butt of many jokes.

Please sell your half-baked ideas to someone else about "Indian talent".

Gora had left same legacy for you as well. When Goras left India you and we were same. We are underdeveloped compared to China because we can not progress like china by enslaving people. Our growth is solid and based on justice and equality. We do not hsve the execution quota to hang people every year. What we have developed is human capital and we shall thtive on it.

Most of the industries and transport infra in pre-partition India were in Hindu-majority areas because Muslims refused to learn English (instead of Urdu/Farsi) and did not lick Gora boots with as much enthusiasm as non-Muslims. This is true about East Bengal (Bangladesh) too as we were majority Muslim. Gora (the English) did a lot more favors for Hindus than Muslims, giving them preferences in govt. posts, appointments and industrialization too. There was no Muslim equivalent of Hindu industrialists like Jamnalal Bajaj, Godrej, Walchand Hirachand, Birlas etc. because they got assured preference in business since the late 1800's from British administrators and their Hindu ICS sycophants. Even after Nehru came up with the much reviled idea of License Raj, these guys (all Nehru's "friends") kept getting preferred contracts, milking and exploiting India to the max.

I have never seen a group of people like those in India who not only fail to protest supposed wrongs but also keep letting their own dhokeybaaj fly-by-night industrialists exploit them until Kingdom come.

You may have some semblance of Human capital - but these days this capital is for rental to the highest bidder. No H1B I have ever met, will decide to come back to India if given some promise of citizenship in the UK or US. What for??

Ergo - India really doesn't really have talent it can call its own.

Talking about "Justice and equality" in India is a farce. Let's just start with Toilets, shall we??

Yes, once agai I say that we had a very appologatic leadership till date. It has changed now and that is making a big difference. Our manufacturer have started kicking Chinese out from many parts of the world. Few days back, I had posted a thread here. Bajaj and TVS made 160 chinese companies of two wheelers closed their sjops in Africa. The issue is justthis. We are 10 to 15 years behind china because of many reason and the main is poor leadership.

You can blame your past kangressi leaders all you want, but your current leader Modi pushed India back another ten years. The one-two-three punch of effed-up policies he promulgated (starting with de-monetization) have ruined Indian economy, especially with what happened on top of auto export sector.

UK, France, Germny and many other nstions are of less population than BD and yet they do that. In case I agree to what you say, you are agreeing rith me that BD can not make ehat India is capable of for whatever reason.⁵

No BD cannot. Until we get rid of Indian influence in our govt. policies (especially trade policies) which is still strong, thanks to Hasina. But that is changing fast.

This is an extraordinary situation and no other nation is capable to deal with such situation.I pray god that It may not happen with any other country but if it happens with BD or any other nation, you will see that they are not even a fraction of capable of what we are doing. You arr talking big mouth for China but we know very well how how China handled it eventhough it had happened in one city only. Rather than treating peole they were locked In houses without medicines to let them die. Many peoe can see development in 300 kmph train but fails to see this part of development. This is the difference between China and India. When we did not have pendamic, we had given a big quantity of vaccine to BD.
See, we are a country of oldest civilization. May be few years matter too much for you to judge so called progress for you. We are taught that satyam ev jayati. Those who are on the path of truth always emerge as victorious. You might think that China is ahead because they did something 10 to 15 years head of us but we believe that it is a dictatorial regime built on the the atrocities and opression of people. It cannot emerge into something beautiful, long lasting, and exemplary.

Your dire prediction for Bangladesh is unwarranted because three companies already developed vaccines in Bangladesh within Feb/March 2020. Ventilator prototypes were ready from three different manufacturers as well by that timeframe. However we saw that Indian influenced govt. hardly took any steps to activate orders for ventilators and clinical trials from these companies.

Instead - they opted for collaborating with India to get vaccines and in the process shot themselves in their feet. They will keep doing this and will not learn their lesson.

And let's not talk too much about China.

Instead of all this high thinking crap, why couldn't India have nice cities like Shenzhen that grew up in less than a decade and 300 KMPH trains - in which Indians could count Ram-naam on Rudraksh beads? Have your cake and eat it too. Just like that Bangalore video where they show white slaves working for Indians?

All Bhakts have are excuses. Dog ate my homework.....

 

[Michael Corleone]

For a country that claims to have GDP per capita more than India's,
Bd's foreign exchange reserve is 12 times less than India while population is 8 times less than India.

Spoken like a true idiot

Bangladesh already a super power. Miracle economy. Hasina is the best. She should get three noble prizes.

What Nobel? Bangabel from now on

 

[bluesky]

Bangladesh already a super power. Miracle economy. Hasina is the best. She should get three noble prizes.

Hasina Bibi has already procured 9 Doctorate degrees but she is so genius that she had not to prepare thesis papers for any of these as all were Honorary degrees. But, she won over her now-deceased husband Wajed Ali Mia who had one Doctorate degree, but it is a recognized one.

She was expectedly waiting to get a great Nobel Prize after she signed a Peace Treaty with Shantu Larma of the Ctg. Hill Tracts. However, the Nobel Committee chose Dr. Yunus on economics. This is the reason Hasina hates him so much that she would blame him for any mishap such as earthquakes or overflooding in the country.

 

[bluesky]

The reserve has risen by around $11 billion since the Covid-19 outbreak in the country to reach around $45 billion on Tuesday.

Guys, please do not call me a traitor of Golden Bangladesh if I am unable to say sweet words here. Please note that one of the main sources of GoB income is the import duties etc. Now, if $11 billion has been added to the forex reserves, it is due to the decrease in imports.

There is no average rate of imposition of import duty, although sales tax and VAT may be the same for all goods, I am not sure. Let us assume that the total revenue is 30% of the import values. So, the govt will collect {(30% x $11 billion x 1000) x Tk84.8}/10 = Tk27,984 Crore less money than usual. Please check the math for any mistakes.

So, all those glitters are not necessarily gold. The GoB will get Tk27,984 less revenue this year because of Corona-related decreased imports although its reserves have gone up to a value of about $45 billion.

I am pondering how the GoB is going to make up the revenue shortfall. Will it be taking more loan money from the loan sharks like IMF and WB?

 

[Jobless Jack]

I'm sure u are already fluent in Chinese and good at serving the Chinese.

But we are not tumbling..

 

[Surya 1]

Educated Indians started emigrating to the West far earlier than Bangladeshis (or even Pakistanis) ever did, since the mid 1800's in some cases, and especially in large numbers after 1947.

Those whoe sittin on top is a young generation who studied in India and went to US just few years ago. So what you say is factually incorrect and doesn't make any sense.

know it is typical Bhakt rant material to name Google and Microsoft CEO being Indian, but those folks were chosen for those positions because Indians are employed in large numbers in those companies (they would work better with an Indian at the top). I know the level of talent in the Indian H1B class. It is basically padded resumes, outright lies, cheatery, dhokeybaaji and fooling Gora folks with it. This is well known in Silicon Valley - where H1B's are the butt of many jokes.

Your Post has many self contradiction in itself. Explain why Indians are there in Big numbers and not the people from other countries? second thing it is not only Microsoft and Google there are dozens of world's top companies, International Monetary Fund, World Bank, Many top class universities as well. Now if the education of any other country is at par with India, they should at least have proportional presence over there which is not. So your post falls flat on the the test of logic.

 

[Surya 1]

Your dire prediction for Bangladesh is unwarranted because three companies already developed vaccines in Bangladesh within Feb/March 2020. Ventilator prototypes were ready from three different manufacturers as well by that timeframe. However we saw that Indian influenced govt. hardly took any steps to activate orders for ventilators and clinical trials from these companies.

Instead - they opted for collaborating with India to get vaccines and in the process shot themselves in their feet. They will keep doing this and will not learn their lesson.

My prediction about the Bangladesh is that it is a great country of a great culture and it has the great and bright feature so I don't know what problem you have. So far as 300 kilometre running train is concern, we already have 160 km running train we are working on 200 and 300 kilometres train but I don't think that all that we will be able to operate at 300 kilometres per hour because China is a very big country and is population is concentrated on one quarter of that country. Theyhave huge empty land where they can run the train uninterrupted for hours at high speed. Why India cannot do that because all the train routes pass through high density population area. suppose I I take your argument on face value and consider Train speed and network as the development criteria then I will have to to reach to a conclusion that Bangladeshi is far behind India because Bangladesh has a inferior train network and it imports railway engines and other Railway stuff from India. However, I don't want to do that because I don't want to conclude that Bangladesh is an inferior or less developed country because it has a relative Lee poor railway network. That is not my criteria to evaluate a country. I only evaluate a country based on the culture ethos and the value system. wh
10 15 or 50 years doesn't count. India had been the biggest economy of the world for 1500 years out of 2000 years and we will regain that position. You may continue to argue and believe that China is very developed that was because it has a 300 kilometre running train and simultaneously not apply the same criterion to India BD comparison. I don't subscribe to that view.