Bangladesh’ GDP Growth Better Than India, Way Higher Than Pakistan – ADB

[Black_cats]

Bangladesh’ GDP Growth Better Than India, Way Higher Than Pakistan – ADB
By
EurAsian Times
-
October 14, 2018

https://eurasiantimes.com/bangladesh-gdp-growth-better-than-india-adb/

According to the Asian Development Bank (ADB), Bangladesh is expected to post a growth rate of 7.9% in 2018-19 against the 7.3% projected for India. India, which is the fastest growing major economy in the world and competing to become a global superpower is being almost overshadowed by steady and miniscule neighbour – Bangladesh.

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India’s eastern neighbour saw a GDP growth of 7.28 per cent in the last financial year, according to the Bangladesh Bureau of Statistics (BBS), while India grew at 7.1%. The country’s per capita income is also growing rapid;y. According to United Nations Conference on Trade and Development figures cited in a Dhaka Tribune report, while India’s per capita income rose by 13.8% between 2013 and 2016, Bangladesh’s grew by 39%, which is almost three times that of India.

According to some estimates, if Bangladesh continues to keep up its gross national income (GNI) and GDP growth at the same pace for the next two years, it will overtake India’s per capita income by 2020.

Bangladesh has also made tremendous progress in social development indicators such as life expectancy, infant mortality and gender parity. In a study on ‘human capital’ published in the medical journal The Lancet, India ranked a notch below Bangladesh.

According to the World Bank, in 2017, Bangladesh recorded an infant mortality rate of 27, which means that these many children died on average within the first year for every 1,000 live births. For India, the rate was 32. The average life expectancy for an individual in Bangladesh is 72.58 years, against 68.8 years in India.

 

[UKBengali]

So all lenders are now finally starting to fall in line with BD government predictions?
Says a lot about just how robust the BD economy has now become.
BD should easily be able to outgrow a multi-ethnic country like India by 1-2% every year and
it looks like this is the way it is heading.

Anyway the growth rate will smash past 8% this fiscal. It is only going to get higher into the future.

 

[Bengal71]

So all lenders are now finally starting to fall in line with BD government predictions?
Says a lot about just how robust the BD economy has now become.
BD should easily be able to outgrow a multi-ethnic country like India by 1-2% every year and
it looks like this is the way it is heading.

Anyway the growth rate will smash past 8% this fiscal. It is only going to get higher into the future.

This was kind of inevitable I think. Bengal historically was always one of the wealthiest places in the subcontinent until the British came. It will slowly but surely become wealthy again.

 

[Skull and Bones]

So all lenders are now finally starting to fall in line with BD government predictions?
Says a lot about just how robust the BD economy has now become.
BD should easily be able to outgrow a multi-ethnic country like India by 1-2% every year and
it looks like this is the way it is heading.

Anyway the growth rate will smash past 8% this fiscal. It is only going to get higher into the future.

It is natural for a smaller exonomy to implement policies faster and accelerate the growth. For India, the process is very slow and often marred by red tape.

 

[UKBengali]

It is natural for a smaller exonomy to implement policies faster and accelerate the growth. For India, the process is very slow and often marred by red tape.

Unitary states have always performed better economically than multi-ethnic states.

BD is not exactly a small state as it has in excess of 160 million people.

 

[Destranator]

Can we please stop with these self-congratulatory "Bangladesh better than India/Pak" threads?
Are India/Pakistan standard bears of development?

Is it necessary to rub every tiny achievement in their faces?

"Yay, we are slightly better among backward third world shitholes while about 6 million of us work shitkicker jobs overseas!".

 

[bluesky]

The link below shows the growth of GDP from 1961 to 2017 at a glance. It has always been growing since 1947. I think, 2018-2022 growths will remain constant and will grow further only if more capital goods are imported and if there is more infusion of FDI. If the FDI and capital investment remains slow it will cause the growth to become slower.

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=BD

 

[Homo Sapiens]

Can we please stop with these self-congratulatory "Bangladesh better than India/Pak" threads?
Are India/Pakistan standard bears of development?

Is it necessary to rub every tiny achievement in their faces?

"Yay, we are slightly better among backward third world shitholes while about 6 million of us work shitkicker jobs overseas!".

What can we do when Pakistani media, Indian media or other international media produce such type of article or tv show? I am also do not like such articles but I console myself that at least these type of news are coming from them, not from us. Seems like a lot of people in our neighborhood is having a difficult time believing that, Bangladesh is growing faster then them or Bangladesh could be ahead in some parameter. Another such article also now running here-

https://defence.pk/pdf/threads/bang...not-a-poor-backward-neighbour-anymore.581244/

 

[Mage]

The link below shows the growth of GDP from 1061 to 2017 at a glance. It has always been growing. I think, 2018-2022 growths will remain constant and will grow further if more capital goods are imported and if there is more infusion of FDI. If the FDI and capital investment remains slow it will cause the growth to become slower.

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=BD

I believe time has come for us to seriously look towards manufacturing. Private industries have to take the lead. Better not to hope much from the govt. Not much can be done without bureocratic reforms. More and more companies like Walton needs to pop up. If our private sectors shine we will keep improving.

 

[LASER1]

It is natural for a smaller exonomy to implement policies faster and accelerate the growth. For India, the process is very slow and often marred by red tape.

The countries like Ethiopia, Senegal etc... have a similar size to Bangladesh and grows sometimes at double digits.

Bangladesh is a similar case. We can't compare BD with India we both are in different leagues.

 

[TopCat]

The countries like Ethiopia, Senegal etc... have a similar size to Bangladesh and grows sometimes at double digits.

Bangladesh is a similar case. We can't compare BD with India we both are in different leagues.

Ethiopia is a 70 billion dollar economy and senegal is less than 20 billion.
Other than volume of economy those two countries are more similar to India than Bangladesh.

 

[UKBengali]

The countries like Ethiopia, Senegal etc... have a similar size to Bangladesh and grows sometimes at double digits.

Bangladesh is a similar case. We can't compare BD with India we both are in different leagues.

BD GDP is 3 times that of Ethiopia and 18 times of Senegal.

What are you smoking dude?

 

[LASER1]

BD GDP is 3 times that of Ethiopia and 18 times of Senegal.

What are you smoking dude?

I'm not smoking anything Banglu.

Let's put your comparison in India - BD perspective. Indian economy is nearly 10 time Bangladesh economy.

Whoever is smoking something is comparing the Indian economy to BD.

Ethiopia is a 70 billion dollar economy and senegal is less than 20 billion.
Other than volume of economy those two countries are more similar to India than Bangladesh.

Yeah, you too.

 

[Mage]

I'm not smoking anything Banglu.

Let's put your comparison in India - BD perspective. Indian economy is nearly 10 time Bangladesh economy.

Whoever is smoking something is comparing the Indian economy to BD.

India is close and our per capitas are similar. Of course comparison would arise. It is not a bad thing.

 

[Md Akmal]

This was kind of inevitable I think. Bengal historically was always one of the wealthiest places in the subcontinent until the British came. It will slowly but surely become wealthy again.

@ And our beloved friend India will make digital manipulation repeatedly and " ham log dekhte hi rahjayenge ".