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

[SBUS-CXK]

We know it very well where we are. You don’t need to bring irrelevant topics here. Hong Kong was British colony which is a developed country itself. What do you mean by your city or you are just a Chinese migrant there. Are you also one of those poor Chinese who lives in a 50-60 square foot apartment use washroom as kitchen and bragging here?

Regarding “international laughing stock” does 7% club member seems like laughing stock to you?

It’s clown like you who is laughing stock. Don’t forget you already got a warning by mod which has been confirmed to me that day by mod!! You are just heading towards ban.

Dude, Hong Kong was developed under UK Administration and not Chinese.

Hong Kong GDP stands at 360 billion against 320 billion for BD in 2019. BD grows 8% a year while Hong Kong is at 2-3% and so not much longer before BD overtakes.

Thanks to UK you are rich as otherwise you will be nowhere now.

Most of the story of China's growth is due to UK and USA. UK developed Hong Kong and USA developed Taiwan.
Without the help of Hong Kong and Taiwan, China's growth would not be nearly as impressive over the last 40 years.

Yes BD is nothing on Hong Kong but we are on the right track now.

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https://www.scmp.com/news/china/pol...igh-sea-levels-along-chinas-coast-could-spell

First, Hong Kong and Taiwan are Chinese territory. This is common sense. About who helped in the 1997 financial crisis. Who supplies tap water to Kinmen Island? Who took away a lot of gold from China? I won't talk about it here. Because this is China's internal affairs. don't need for a backward agricultural country to care.

And a poor backward country like BD. You are free to discuss economic issues. But other issues are beyond your competence.

@Homo Sapiens @UKBengali @Black_cats

Anymore trolling results in thread ban. Keep to the topic please.

What do you expect of narcissistic and paranoid patients?

 

[Nilgiri]

BD's GDP per capita now is even behind India??? Are you guys kidding me...

Large portion of it is inflation based as well:

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

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=BD

1093 vs 1516

A full 28% of nominal GDP (in USD) at this low base is inflation.

This is what happens when energy consumption stagnates (2015 - 2017):

https://www.bp.com/content/dam/bp/b...l-review/bp-stats-review-2018-full-report.pdf

Market cap falls this early itself:

https://data.worldbank.org/indicator/CM.MKT.LCAP.CD?locations=BD

Real household income decline this early:

https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/

Exports struggling to grow as low base effect wears off (even with 0 tariff access to so many markets because of LDC):

https://data.worldbank.org/indicator/NE.EXP.GNFS.CD?locations=BD

Forex stagnancy trend 2015 onwards:

https://tradingeconomics.com/bangladesh/foreign-exchange-reserves

Give it a few more years for the projections of such banks (which take limited superficial data only - no matter how much is inflation) to change drastically for BD....given they are basing this mostly off the 2005/2010 - 2015 low base effect "growth"....which will certainly not compound same way with time if you look at harvard study of economic diversity requirement (projects only 4% growth for BD) given it looks at much more broadband consumption patterns:

http://atlas.cid.harvard.edu/rankings/growth-projections/

(@Indus Pakistan @OsmanAli98 @Game.Invade @Sugarcane @MUSTAKSHAF notice Pakistan does lot better in the projection here compared to Bangladesh - given Pakistan has more diverse economic potential at this stage)

It is reflected somewhat in IMF projection as well...especially in constant dollar and PPP terms (that take into account inflation and price level).

There would be some chance if BD can get 0 tariff access for other kinds of goods and services...to keep the dependency on such a model going. But they can't....it only extends to RMG as long as you are LDC. Once you transition out of that....you are expected to be putting on big boy pants and fight on level playing field with everyone else. You can already see the results of it starting now for BD. So give it time.

Stanchart and the rest were also making all kind of hue and livid cry about India (for 2020, 2030 etc) using the 2002 - 2010 growth trends to project next 10 years blah....all took a big hit in the end in reality because lot of it was asset inflation based and there was phase lock due to the recession crisis and too much subsidy preference (over hard capex) + lack of reform internally in the crucial years. Bangladesh barely has done even 10% of the reforms India did (as much as there remains to be done) from 1990 to current year. It certainly has no interest/drive to join the SDDS standard either to help propel this.

@bluesky @SBUS-CXK @GeraltofRivia @Tanveer666 @Mage @Major Sam @Marine Rouge

 

[Black_cats]

First, Hong Kong and Taiwan are Chinese territory. This is common sense. About who helped in the 1997 financial crisis. Who supplies tap water to Kinmen Island? Who took away a lot of gold from China? I won't talk about it here. Because this is China's internal affairs. don't need for a backward agricultural country to care.

And a poor backward country like BD. You are free to discuss economic issues. But other issues are beyond your competence.

@Homo Sapiens @UKBengali @Black_cats


What do you expect of narcissistic and paranoid patients?

@waz @Dubious can you please take care of this troll who is intentionally trying to troll and provoking others for flame bait.

Can you please also provide this troll basic 101 economics book so that he can have some idea before blabbering here.

 

[beijingwalker]

@waz @Dubious can you please take care of this troll who is intentionally trying to troll and provoking others for flame bait.

Can you please also provide this troll basic 101 economics book so that he can have some idea before blabbering here.

A big troll asking Mod to take care of "trolls" so funny...lol...

 

[SBUS-CXK]

Large portion of it is inflation based as well:

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

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=BD

1093 vs 1516

A full 28% of nominal GDP (in USD) at this low base is inflation.

This is what happens when energy consumption stagnates (2015 - 2017):

https://www.bp.com/content/dam/bp/b...l-review/bp-stats-review-2018-full-report.pdf

Market cap falls this early itself:

https://data.worldbank.org/indicator/CM.MKT.LCAP.CD?locations=BD

Real household income decline this early:

https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/

Exports struggling to grow as low base effect wears off (even with 0 tariff access to so many markets because of LDC):

https://data.worldbank.org/indicator/NE.EXP.GNFS.CD?locations=BD

Forex stagnancy trend 2015 onwards:

https://tradingeconomics.com/bangladesh/foreign-exchange-reserves

Give it a few more years for the projections of such banks (which take limited superficial data only - no matter how much is inflation) to change drastically for BD....given they are basing this mostly off the 2005/2010 - 2015 low base effect "growth"....which will certainly not compound same way with time if you look at harvard study of economic diversity requirement (projects only 4% growth for BD) given it looks at much more broadband consumption patterns:

http://atlas.cid.harvard.edu/rankings/growth-projections/

(@Indus Pakistan @OsmanAli98 @Game.Invade @Sugarcane @MUSTAKSHAF notice Pakistan does lot better in the projection here compared to Bangladesh - given Pakistan has more diverse economic potential at this stage)

It is reflected somewhat in IMF projection as well...especially in constant dollar and PPP terms (that take into account inflation and price level).

There would be some chance if BD can get 0 tariff access for other kinds of goods and services...to keep the dependency on such a model going. But they can't....it only extends to RMG as long as you are LDC. Once you transition out of that....you are expected to be putting on big boy pants and fight on level playing field with everyone else. You can already see the results of it starting now for BD. So give it time.

Stanchart and the rest were also making all kind of hue and livid cry about India (for 2020, 2030 etc) using the 2002 - 2010 growth trends to project next 10 years blah....all took a big hit in the end in reality because lot of it was asset inflation based and there was phase lock due to the recession crisis and too much subsidy preference (over hard capex) + lack of reform internally in the crucial years. Bangladesh barely has done even 10% of the reforms India did (as much as there remains to be done) from 1990 to current year. It certainly has no interest/drive to join the SDDS standard either to help propel this.

@bluesky @SBUS-CXK @GeraltofRivia @Tanveer666 @Mage @Major Sam @Marine Rouge

What do you expect of narcissistic and paranoid patients?

@waz @Dubious can you please take care of this troll who is intentionally trying to troll and provoking others for flame bait.

Can you please also provide this troll basic 101 economics book so that he can have some idea before blabbering here.

Disguised as a victim again.

Where do you think is wrong?

First, Hong Kong and Taiwan are Chinese territory. This is common sense. About who helped in the 1997 financial crisis. Who supplies tap water to Kinmen Island? Who took away a lot of gold from China? I won't talk about it here. Because this is China's internal affairs. don't need for a backward agricultural country to care.

And a poor backward country like BD. You are free to discuss economic issues. But other issues are beyond your competence.

 

[Homo Sapiens]

And a poor backward country like BD. You are free to discuss economic issues. But other issues are beyond your competence.

The current economic development level for each country is not written in the stone. In 1990, China and Bangladesh had similar per capita GDP. In 2000 AD, China had per capita GDP which Bangladesh achieved in 2017. Bangladesh now growing faster rate than China. And China's economic growth will be exhausted after 2030. After 2030, Chinese economy will grow maximum 1-2 percent per year. After 2030, there is a real chance that Bangladesh will achieve parity in Per Capita income with China. It may happen in 2040s or 2050s.

So, taunting Bangladesh as a backward, poor is not right when you yourself was in a same condition 20 years ago. It is like a newly rich beggar is mocking his fellow beggar for being poor.

 

[Nilgiri]

What do you expect of narcissistic and paranoid patients?

Disguised as a victim again.

Where do you think is wrong?

First, Hong Kong and Taiwan are Chinese territory. This is common sense. About who helped in the 1997 financial crisis. Who supplies tap water to Kinmen Island? Who took away a lot of gold from China? I won't talk about it here. Because this is China's internal affairs. don't need for a backward agricultural country to care.

And a poor backward country like BD. You are free to discuss economic issues. But other issues are beyond your competence.

As you can see, there is intense victimhood complex among them. They want things done here only to suit their agenda and narrative.

I joined this forum as pro-Bangladesh/neutral (lets acknowledge and learn from each other success etc)....over time these foolish idiots here have made me focus on beating some reality and focus on counterpoint instead (and the impression for most is I am anti-Bangladesh overall)....because people that are like this obviously have too much to hide in the end (you must only praise them otherwise you are evil/racist/bigot/CPC'er/pak army type/sanghi etc etc....and they can criticize you however they want, however foul... because its "their" subforum).

Run to mods crying first thing when you give them a smack back...after doing their BS blah blah earlier already. They do not get how much this reinforces stereotypes that already exist about them...is there a problem with toughing it out instead of whinging when echo chamber is cracked just a little bit?

There are just handful of good reasonable BD members depending on the issue/topic (that can take debate and dont run to mods first thing for smallest of things)....a lot don't even post here anymore sadly....because looney tantrum man-child mob have driven them away.

 

[SBUS-CXK]

The current economic development level for each country is not written in the stone. In 1990, China and Bangladesh had similar per capita GDP. In 2000 AD, China had per capita GDP which Bangladesh achieved in 2017. Bangladesh now growing faster rate than China. And China's economic growth will be exhausted after 2030. After 2030, Chinese economy will grow maximum 1-2 percent per year. After 2030, there is a real chance that Bangladesh will achieve parity in Per Capita income with China. It may happen in 2040s or 2050s.

So, taunting Bangladesh as a backward, poor is not right when you yourself was in a same condition 20 years ago. If it like a newly rich beggar is mocking his fellow beggar for being poor.

A population of 1.4 billion, A population of 160 million.
One has a complete industrial system. One is totally dependent on imports.
The rest is just "data".

Even these data come from 10 years later...
You guys really don't know what humility is.

@waz @Dubious Pls note these BD trolls. They have been attacking the Chinese, Pakistanis, Indians and Vietnamese. Even this is a troll thread.

 

[Pubg1]

As you can see, there is intense victimhood complex among them. They want things done here only to suit their agenda and narrative.

I joined this forum as pro-Bangladesh/neutral (lets acknowledge and learn from each other success etc)....over time these foolish idiots here have made me focus on beating some reality and focus on counterpoint instead (and the impression for most is I am anti-Bangladesh overall)....because people that are like this obviously have too much to hide in the end (you must only praise them otherwise you are evil/racist/bigot/CPC'er/pak army type/sanghi etc etc....and they can criticize you however they want, however foul... because its "their" subforum).

Run to mods crying first thing when you give them a smack back...after doing their BS blah blah earlier already. They do not get how much this reinforces stereotypes that already exist about them...is there a problem with toughing it out instead of whinging when echo chamber is cracked just a little bit?

There are just handful of good reasonable BD members depending on the issue/topic (that can take debate and dont run to mods first thing for smallest of things)....a lot don't even post here anymore sadly....because looney tantrum man-child mob have driven them away.

You mean as opposed to the fair and valuable insights of the chinese members here?

 

[武成王]

Predication filter out economic crisis or financial crisis like 1997 and 2008, the world economy is in fact very close to another crisis. Some nations without strong financial reserve and weak in competency or have structural issue would have to endure a long hard time.

 

[Nilgiri]

After 2030, there is a real chance that Bangladesh will achieve parity in Per Capita income with China. It may happen in 2040s or 2050s.

+

Still spending too much time here I see...."im a doctor, ppl shouldnt be going to India for medical treatment and spending hard earned money waaaah!....whine whine whine cry cry cry"....

*posts more useless crap instead of spending that time out there to help with the problem*.

Be the change you want to see. Or be a shameless blabbermouth hypocrite.

I am glad I upset you to the level I did pointing that out. Little turd. You (dopey doctor dumbass) are exactly (along with babu biman and billu the taka tea chotolok) the problem with Bangladeshis.

Blab, whine, cling....rather than do and achieve.

 

[beijingwalker]

China's economic growth will be exhausted after 2030. After 2030, Chinese economy will grow maximum 1-2 percent per year. After 2030, there is a real chance that Bangladesh will achieve parity in Per Capita income with China. It may happen in 2040s or 2050s.

What a wishful thinking, by 40s or 2050s China can be far ahead of US instead of pitching in a competition with BD.

 

[Nilgiri]

You mean as opposed to the fair and valuable insights of the chinese members here?

Anything they said particularly worth running to the mods about in some personalised definition of "trolling"?

BD people were all in love with them btw...till the rohingya stuff happened. Then suddenly China is evil blah blah....and uighurs become a huge issue and CPC is bad!...and BD is stronk and moral! and only buys/trades/lets investment/takes loans from China because of BD superpower economy....chinese are not doing them any favours at all suddenly (whereas it was super brotherly relations till recently)!

In the end they prove just how fickle they are to another set of people lol. They really have difficulty understanding this too....because its their nature and they cant help it.

Like I have said, everyone just need to deal with BD for sometime and same conclusion is reached whomever you are (pakistanis, indians, burmese and now chinese). If you are far enough way, you simply dont need to care in first place and just nod and smile at what BD ppl gesticulate about whatever.

 

[Black_cats]

What a wishful thinking, by 40s or 2050s China can be far ahead of US instead of pitching in a competition with BD.

Don’t overthink with just 8000 usd per capita gdp to overtake 59000 usd per capita gdp of USA.

 

[Homo Sapiens]

What a wishful thinking, by 40s or 2050s China can be far ahead of US instead of pitching in a competition with BD.

This is not my wishful thinking, but the prediction of a lot of top economic analysts in the world. China now entered into a phage where it's labor cost is increasing faster than it's productivity. With a rapidly aging society and shrinking work forces, China will be hard pressed to continue the current growth momentum. Real slow down will start after 2030 when Chinese labor force will start shrinking at the fastest pace in the world. China will not be able to surpass US in nominal GDP.