Bangladesh set to overtake India in terms of GDP per capita by 2030: Standard Chartered Bank

[Black_cats]

Bangladesh is irrelevant to the world. The world knows Bangladesh because of neighbourhood of India.


Who is in your profile pic?

Lol the news article says otherwise!!!

 

[SBUS-CXK]

Bangladesh is irrelevant to the world. The world knows Bangladesh because of neighbourhood of India.


Who is in your profile pic?

No The world knows that India's neighbors are China and Pakistan.

 

[The BrOkEn HeArT]

No The world knows that India's neighbors are China and Pakistan.

If you ask most of European people "where is Pakistan on the map?"
There answer would be like " india's neighbour....aann.. ??
Yes, most probably you are right.

 

[SBUS-CXK]

If you ask most of European people "where is Pakistan on the map?"
There answer would be like " india's neighbour....aann.. ??
Yes, most probably you are right.

If you ask non-South Asian countries. Where is Bangladesh?

How do you think they will answer?

 

[The BrOkEn HeArT]

If you ask non-South Asian countries. Where is Bangladesh?

How do you think they will answer?

Read post #210

 

[SBUS-CXK]

Read post #210

yes, Bangladesh is irrelevant to the world. i even doubt how many asian countries know about Bangladesh.

 

[fallstuff]

yes, Bangladesh is irrelevant to the world. i even doubt how many asian countries know about Bangladesh.

Those people certainly need to freshen up their geographical knowledge, being in the middle kingdom you can do it. However, your trolling skills are mediocre to say the least !

 

[Neptune_]

If we can kick out the Indians working in Bangladeshi companies, the process of overtaking India in terms of gdp per capita will get even faster.

High Court should bann companies from appointing foreigners especially the indians in the local companies and mncs operating in BD.

 

[Black_cats]

India to continue trailblazing growth, but will be outpaced by this neighbour by 2030

By: FE Online
Published: May 13, 2019 7:10:51 PM
The next global economic expansion would be dominated by Asia as most of the prominent economies of the continent would grow at nearly 7 per cent in the coming years, a global report said.

India, Bangladesh, Vietnam, Myanmar and the Philippines would be among the five of the seven fastest-growing economies, with surges in per capita income throughout the 2020s.
The next global economic expansion would be dominated by Asia as most of the prominent economies of the continent would grow at nearly 7 per cent in the coming years, a global report said. India, Bangladesh, Vietnam, Myanmar and the Philippines would be among the five of the seven fastest-growing economies, with surges in per capita income throughout the 2020s, Bloomberg reported citing a report by Standard Chartered. A 7 percent growth means doubling of GDP every decade. Interestingly, Bangladeshis would be richer than Indian by 2030 as it will see its per capita surge to $5700, while India will have its per capita at $5400, according to the study. Vietnam’s per capita income is set to rise the most from $2,500 in 2018 to $10,400 in 2030, the report said.

The second largest economy in the world, China, doesn’t find a place on the list, implying slower economic growth and higher per capita makes it difficult for the economy to keep growing at the higher rates. Republic of Cote d’Ivoire and Ethiopia are the two countries outside the Asian club mentioned in the report. The economies listed in the 7 percent group tend to have savings and investment rates of at least 20-25 percent, the report added.

Also read: Despite the jump in ease of doing business, India sees huge exodus of millionaires

The faster rate of growth not only helps in lifting people out of poverty at a fast pace but also provide better education and health as they get access to improved goods and services, the report said. The socio-political instability gets also reduced as a result of higher incomes leading from faster pace of growth,in turn, allowing for easier introduction of introduce structural reforms, the report also noted.

Even though economic growth doesn’t mean solution to all problems of economy, it may still help in bringing positive impact to the different sectors, it added.

https://www.financialexpress.com/ec...e-outpaced-by-this-neighbour-by-2030/1577027/

StanChart Bank: Bangladeshis set to be wealthier than Indians by 2030
Tribune Desk

• Published at 12:48 am May 14th, 2019

Representational photo Bigstock


Investments in health and education will likely boost Bangladesh’s productivity, according to a research by the multinational bank

With a sustainable GDP growth rate of 7%, Bangladesh is among the seven countries in the world that are expected to dominate world economy in the coming decade, says Standard Chartered Bank.

By 2030, Bangladesh’s per capita GDP is projected to be $5,700, surpassing India’s per capita GDP of $5,400, according to a research note from the multinational bank’s India-based Head of Thematic Research, Madhur Jha, and Global Chief Economist, David Mann.

The demographic dividend will be a boon for India, while Bangladesh’s investments in health, and education should juice productivity, the analysts said.

In 2018, Bangladesh was behind India in terms of per capita GDP, with $1,600 compared to India’s $1,900, the research data shows.

India is also expected to maintain growth rates of around 7%, Bloomberg reported.

Besides Bangladesh and India, Vietnam, Myanmar, and the Philippines are also the members of the exclusive “7% club.” The other two are from Africa – Ethiopia, and Côte d’Ivoire.

Vietnam tops the list of the seven countries, with its per capita GDP expected to soar to $10,400 in 2030, from about $2,500 in 2018.

The Southeast Asian members of the group should be GDP standouts, as they will together account for about one-fifth of the world’s population by 2030, Jha and Mann reckon.

The Asian dominance of the list is a change from 2010, when the bank first started tracking the economies it expected to grow by around 7%.

Back then, there were 10 members evenly split between Asia and Africa: China, India, Indonesia, Bangladesh, Vietnam, Nigeria, Ethiopia, Tanzania, Uganda, and Mozambique.

China is notably missing in the latest ranking after being a member of the club for almost four decades — reflecting both a slowdown in economic growth, and a progression toward higher per-capita incomes, that makes faster growth rates more difficult to sustain.

The Standard Chartered Bank report estimates that the world’s No 2 economy will keep up a 5.5% economic growth pace in the 2020s.

Sub-Saharan African countries also have faded, which Jha and Mann attribute to “waning reform momentum, despite a slowdown in commodity prices.”

While faster economic growth is not a solution to all the problems, it does have a lot of positive knock-on effects, Jha and Mann said.

“Faster growth not only helps to lift people more quickly out of absolute poverty, but is also usually accompanied by better health and education, as well as a wider range of — and better access to — goods and services,” they say in the report. “Higher incomes resulting from faster growth also usually reduce socio-political instability and make it easier to introduce structural reforms, creating a virtuous cycle.”

In addition, 7% club members tend to have savings and investment rates of at least 20-25% of GDP, according to the report.

https://www.dhakatribune.com/busine...shis-set-to-be-wealthier-than-indians-by-2030

 

[Abu Shaleh Rumi]

Bangladesh is among the seven countries in the world that are expected to dominate world economy in the coming decade, says Standard Chartered Bank.

By 2030, Bangladesh’s per capita GDP is projected to be $5,700, surpassing India’s per capita GDP of $5,400, according to a research note from the multinational bank’s India-based Head of Thematic Research, Madhur Jha, and Global Chief Economist, David Mann.

Let beauty come out of ashes! --- Celine Dion

 

[Bilal9]

If we can kick out the Indians working in Bangladeshi companies, the process of overtaking India in terms of gdp per capita will get even faster.

High Court should bann companies from appointing foreigners especially the indians in the local companies and mncs operating in BD.

If paid well by International standards and assured of safety for them and their families, many qualified expat Bangladeshis will return home. It is already happening with older expats tired of Western life.

These older expat leaders then can mentor and groom locally trained executives with local MBA's (IBA etc.) to ensure our own success as an economy, which we cannot expect Indians to sincerely pursue.

There is no practical need to have Indian executives run Bangladeshi companies when expat Bangladeshis of equal or greater caliber and qualifications exist overseas who left before the present boom and are also educated overseas for the most part and used to Western tenets of doing business.

I doubt how many Indian companies (regardless of qualifications) would hire a Bangladeshi executive. To expect such breadth of consideration from generally narrow-minded Indian executives as a group is unthinkable. This is common knowledge. Why should we allow the reciprocal then?

The arguments that qualified Bangladeshis don't exist is pure B*llSh*t and invented by Bangladeshi companies and local MNC's who want to hire Indians 'on the cheap'. We need to bear down on these immigration violations NOW.

 

[lonelyman]

Asian Economies Set to Dominate 7% Growth Club During 2020s
By
Michelle Jamrisko
May 11, 2019, 11:49 PM EDT

• Five of seven in group are in Asia, Standard Chartered says
• China is notable departure from list as economy slows

Pedestrians and shoppers walk past Charminar monument and mosque in Hyderabad, India. Photographer: Dhiraj Singh/Bloomberg
The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%.

India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note Sunday from Madhur Jha, Standard Chartered’s India-based head of thematic research, and Global Chief Economist David Mann. Ethiopia and Côte d’Ivoire are also likely to reach the 7% growth pace, which typically means a doubling of gross domestic product every 10 years. That’ll be a boon to per-capita incomes, with Vietnam’s soaring to $10,400 in 2030 from about $2,500 last year, they estimate.

The South Asian members of the group should be GDP standouts as they’ll together account for about one-fifth of the world’s population by 2030, Standard Chartered reckons. The demographic dividend will be a boon for India, while Bangladesh’s investments in health and education should juice productivity.

The Asian dominance of the list is a change from 2010, when the bank first started tracking the economies it expected to grow by around 7%. Back then, there were 10 members evenly split between Asia and Africa: China, India, Indonesia, Bangladesh, Vietnam, Nigeria, Ethiopia, Tanzania, Uganda, and Mozambique.

China is a notable absence from the latest ranking after being a member of the club for almost four decades -- reflecting both a slowdown in economic growth and a progression toward higher per-capita incomes that makes faster growth rates more difficult to sustain. Standard Chartered estimates the world’s No. 2 economy will keep up a 5.5% economic growth pace in the 2020s.


Sub-Saharan African countries also have faded, which the analysts attribute to “waning reform momentum, despite a slowdown in commodity prices.”

While faster economic growth isn’t a panacea -- think income inequality, crime, pollution -- it tends to come with a lot of positive knock-on effects, Jha and Mann wrote.

“Faster growth not only helps to lift people more quickly out of absolute poverty, but is also usually accompanied by better health and education, as well as a wider range of -- and better access to -- goods and services,” they say in the report. “Higher incomes resulting from faster growth also usually reduce socio-political instability and make it easier to introduce structural reforms, creating a virtuous cycle.”


In addition, 7% club members tend to have savings and investment rates of at least 20-25% of GDP, according to the report.


www.bloomberg.com/amp/news/articles/2019-05-12/asian-economies-set-to-dominate-7-growth-club-during-2020s

Lol, irrelevant nobody day dream all u want, shithole remains shithole,

 

[Avicenna]

Lol, irrelevant nobody day dream all u want, shithole remains shithole,

 

[Bilal9]

Lol, irrelevant nobody day dream all u want, shithole remains shithole,

Thank You for your open-hearted felicitations!

 

[Black_cats]

12:00 AM, May 15, 2019 / LAST MODIFIED: 11:20 AM, May 15, 2019
Bangladeshis will be richer than Indians by 2030: StanChart


https://www.thedailystar.net/busine...will-be-richer-indians-2030-stanchart-1743808





We have every confidence that our nation will continue on this high-growth trajectory in the 2020s, and establish itself firmly in the “7% club”, says Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh

We have every confidence that our nation will continue on this high-growth trajectory in the 2020s, and establish itself firmly in the “7% club”, says Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh


Star Business Report


Bangladeshis will be richer than Indians by 2030 as the country’s per capita income will grow nearly four times throughout the 2020s, according to Standard Chartered -- in yet another endorsement of its tremendous growth momentum.

The per capita income of Bangladesh will rise to $5,734.6 in 2030. India’s will edge up to $5,423.4 after growing less than three times, according to a research note from Madhur Jha, Standard Chartered India’s head of thematic research, and David Mann, the bank’s global chief economist.

Last year, Bangladesh’s per capita income stood at $1,599.8 and India’s $1,913.2.

The note highlights the economies around the world that are likely to grow the fastest in the 2020s.

The threshold for the list is 7 percent, the approximate growth rate at which an economy can double in size every 10 years.


The note expects seven countries to do this in the 2020s: India, Bangladesh, Vietnam, the Philippines, Myanmar, Ethiopia and Ivory Coast.

“We think seven countries have the potential to be members of this club in the 2020s. Of these, Bangladesh and India hold the most promise.”

Speaking to The Daily Star, Naser Ezaz Bijoy, chief executive officer of Standard Chartered Bangladesh, said the country is experiencing a decade of strong and inclusive growth.

“With the tailwind of demographic dividend, healthy domestic consumption, rising investment, and successful export-oriented industrialisation, we have every confidence that our nation will continue on this high-growth trajectory in the 2020s and establish itself firmly in the 7 percent club.”

China was a member of the 7 percent club for nearly 40 years but has recently exited as its growth naturally slowed down. Ethiopia and India joined the club over the last decade, while countries such as Vietnam and Bangladesh came close.

“Young labour forces and accelerating structural reforms are likely to help both Bangladesh and India achieve growth well more than 7 percent in the coming decade.”

Within the 7 percent list, Bangladesh’s per capita income will be less than that of Vietnam and the Philippines in 2030, while it will be ahead of Ivory Coast, Ethiopia and Myanmar -- apart from India.

Bangladesh has seen a growth acceleration since 2010, to an average of 6.4 percent, as a stable government, infrastructure investment and improved energy supply have boosted productivity gains.

The country posted more than 7 percent GDP growth in the last three fiscal years and is estimated to go past the 8 percent mark this fiscal year.

Its demographic profile is favourable, and investments in education and health have paid off.

“All of this has helped improve productivity. Low levels of public and external debt give the government room for counter-cyclical fiscal stimulus to support growth if needed.”

By 2030, the note expects India to become the world’s fourth largest economy (measured by market exchange rates) and Bangladesh to become the 23rd largest. The two countries together will account for about 20 percent of the global population by 2030, according to the United Nations.

Faster growth brings many benefits, including pulling large swathes of the population out of abject poverty, the research note said.

It, however, says faster growth does not make economies immune to periodic major downturns. Almost all of the countries that have been members of the 7 percent club since the 1960s have seen one or more major recession at some point.

Some emerged from recession and re-joined the club (like South Korea in the 1970s), while others dropped out and struggled to find their way back (like Thailand since 1997).

“The quality of growth matters as well as the quantity,” the note said.

The bank said the ability to tap external market demand and import skills, know-how and technology from the rest of the world has formed the basis of growth for all countries that have industrialised since the World War II.

Increasing globalisation and trade integration have been critical in this process.

“The recent rise of anti-globalisation sentiment and nationalist policies, especially in developed countries, poses a threat to sustained gains for both emerging markets and the global economy.”

The research note says increasing worries about climate change and sustainability could also curb emerging markets’ growth potential.

The urgency of addressing climate change concerns could usher in policy reforms across the globe, constraining the ability of some emerging markets to pursue fast-growth strategies.

“However, support from multilateral institutions and technology transfers from advanced economies could help achieve the opposite outcome -- with infrastructure upgrades resulting in cutting-edge and environmentally sustainable capital stock.”