Bangladeshi billionaires: Where art thou?

[EasyNow]

Huh? Where did you hear this? Some outdated source? India has total 83 million under 1.9 dollars per day ppp. It includes both men and women. https://worldpoverty.io/map

Take it up with Times of India

Covid may leave 100 million women in extreme poverty by 2021: UN - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

www.google.com

 

[HydraChess]

Take it up with Times of India

"may leave" and old speculation from 2020. No wonder you get all the wrong inferences.

 

[mb444]

Billionaires specifically industrialists have major role in economic development of a nation also GDP contribution

Case study South Korea
View attachment 857308

Remove Samsung, LG and Hyundai from South Korea, overnight the country would be no different from an average South East Asian nation

Offcourse. However there are no self made billionaires anywhere in the planet.

They are created when state enables monopolies. This inherently creates social and political imbalance.

I wish for all inclusive growth in BD. I am not ideologically against billionares but it is a sign of a system inherently malfunctioning.

 

[EasyNow]

"may leave" and old speculation from 2020. No wonder you get all the wrong inferences.

Why don't you read it properly before rushing to reply. 87m is the number - it MAY reach 100m!

 

[Rushd Alam]

Funny how both Pakistanis and Bangladeshis use this index everytime

Bangladesh is nothing compared to India on the world stage. India is what we call a great power aka global power. Which means that are we can influence world events. You guys are not even a regional power LMAO....

Wow changing from economics to military just to change topic

 

[SMX 3.0]

There has been skill shortages as we are growing exponentially so it is expected. We are now closing the gaps fast and universities are producing enough graduates to fill up the roles.

Empty talks with no real results.

http://www3.weforum.org/docs/GCR2016-2017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf

Education and Skills:

BD: 2.33 (rank 125)
IND: 3.25 (96)

Skills of Current Workforce:

BD: 2.18 (rank 130)
IND: 2.82 (104)

Skills of Future Workforce:

BD: 2.47 (rank 122) (Increase of 0.29)
IND: 3.67 (88) (Increase of 0.85)

Your future workforce would still be inferior to our present workforce when it comes to skills

If there was a decent sized skilled workforce over there, BD's FDI figures wouldn't have been be so pathetic.

like other east asian countries, we want to get to manufacturing

You're not an East Asian country, and your "manufacturing" is mostly low end GSP quota driven RMG manufacturing.

Here are some Bangladeshies who want to see Bangladesh follow Indias path to overlook manufacturing

Again, please raise your ECI score to decent level before even claiming that India "overlooked" manufacturing.

We were then taking about crossing Pakistan then and was estimating to cross India by 2025. But this came way earlier then even our prediction.

Look up that IMF WEO database. You're still lagging India by a good margin & the difference would only grow.

You will still be where you were in next 4to 5 years with modi and we insallah will be waayyyy waay ahead.

Way ahead in what? GSP quota is coming to an end soon.

Meanwhile Modi's India has reached $670 billion in exports & have launched PLI scheme.It's Pharma & Electronics exports are now at $25 billion & $ 15 billion respectively.

 

[Black Tornado]

>India is very poor
>100 trillion Indians starving
> India don’t have food

All the excuses, Billionaires are not created just because they prayed to god to become a billionaire. All the billionaires became rich by creating wealth, jobs and economic activity. It’s funny to see people saying only 1% of Indians benefit from IT industry, how many of BDeshis benefit from IT? Not even 0.1% I guess. India’s domestic car sales are 3 million cars a year which are manufactured in India, millions are directly and indirectly involved in this industry, how many do BDeshis employ in automobiles? If textiles could make Bangladesh richer than India then why is it so that Bangladesh’s domestic textile market itself is 12% smaller than India even on a per capita basis, 12% difference is no joke. All these made up figures can’t help you in real life.

 

[leonblack08]

Unsafe working conditions have nothing to do with the working condition of factory workers? Do you even know what you are talking about? Do you realize that you are contradicting yourself?

No I am not.

In case of Rana Plaza - The building owner is not the same as the factory owners.

The factory owners had leased the building, so they couldn't know what kind of sub-standard material was used to construct the building.

Loblaw, which was one of the international company these factories were supplying to, had no requirement to conduct audit of the building's structural integrity either. For which the case against Loblaw and social auditing company Bureau Veritas was dismissed in Canadian court, as they owed no duty of care to the victims.

Loblaws & Bureau Veritas class action lawsuit (re Rana Plaza collapse, Bangladesh) - Business & Human Rights Resource Centre

www.business-humanrights.org

It was a tragedy, and the primary culprit is the building owner, who also happened to have powerful political connection. His goons played a part in forcing people to get back to work inside the building after cracks developed a day before the collapse.

To get back to your initial point-
You cannot operate a sweatshop and supply to large global brands. Period.

If you doubt that, then the large global companies are as much accountable for negligent audit process as the Bangladeshi factory operators.

 

[mb444]

IMF WEO database April 2022

Select Country or Country Groups

www.imf.org

GDP per capita (nominal USD)

India $2515
Bangladesh $2362

GDP per capita (PPP USD)

India $8358
Bangladesh $6633

You're doing better in what, exactly?



Yes, surely will happen with your GSP quota dependent low Economic complexity economy.

Many low-income countries, including Bangladesh, Venezuela, and Angola have failed to diversify their knowhow and face low growth prospects. Others like India, Turkey, and Malaysia have successfully added productive capabilities to enter new sectors and will drive growth over the coming years.

As you show we are doing better in nominal GDP. That is the international measure, not PPP. As to the latter it is only a matter of time.

You can point to GSP as much as you want. You could have chosen to be an LDC which is what you are. When the designation was set in the 70s any country with over 60m population had a choice to self designate themselves as LDC or DC. India chose the latter and suffered the consequences.

BD specialised in RMG as that is where our competitive advantage lay for exports. It is also import substituting and developing an economic base and diversifying its exports. BD productive capacity is showing up in its GDP figures. Exports only consititutes about 20% of the economy. 80% of its economy is growing because of its economic engine. Your conclusion run contrary to facts.

 

[SMX 3.0]

And then Indians judging BD for lacking cars - another example of their superficial values. Happy to watch their countrymen starve but show off in a nice car.

BD policy and society is a compassionate one. Every Bangladeshi understands that more cars are no good for society and you will never see a complaint.

This is exactly why I come to this section again & again. Where else can we find such creative excuses for backwardness.

Having more cares have everything to do with showing off- it has nothing to do with income levels or having a sizeable middle class. Obviously.

Guess why Bangladesh have a far lower number of trucks per capita as well? That's because Bangladesh is a compassionate society which understands that shipping stuff on trucks does no good, when poor people exist in Bangladesh.

Those billionaires are nothing to be proud of, they're the symptom of a cruel, greedy society - and you know it.

We aren't exactly talking about folks who make your women do slave labour in unsafe sweatshops here.

Senapathy "Kris" Gopalakrishnan is an Indian billionaire from the state of Kerala & one of the co-founders of Infosys.

Today his company employs 270,000 & has a 20,000 seater campus in his home state. Obviously nothing to be proud of here.

It's all about greed, you know.

 

[UKBengali]

As you show we are doing better in nominal GDP. That is the international measure, not PPP. As to the latter it is only a matter of time.

You can point to GSP as much as you want. You could have chosen to be an LDC which is what you are. When the designation was set in the 70s any country with over 60m population had a choice to self designate themselves as LDC or DC. India chose the latter and suffered the consequences.

BD specialised in RMG as that is where our competitive advantage lay for exports. It is also import substituting and developing an economic base and diversifying its exports. BD productive capacity is showing up in its GDP figures. Exports only consititutes about 20% of the economy. 80% of its economy is growing because of its economic engine. Your conclusion run contrary to facts.

Are you aware that you are conversing with nilgiris reincarnation here?

He has multiple accounts but this one in his favourite

 

[mb444]

It's your ilk who is ashamed of reality of your supposed "Asian tiger economy". I have seen the most creative excuses for Bangladesh's extremely low consumption figures, which contradict the supposed "economic development''

Bangladesh has low number of personal vehicles (cars, motorcycles) because Bangladeshis prefer eco-friendly modes of transport.

Bangladesh has lower sales of smartphones per capita, as Bangladeshis prefer to smuggle them in.

Bangladesh has much lower per capita electricity consumption because it's industries are more efficient.

Bangladesh has lower consumption of primary energy per capita, as motor vehicles in Bangladesh are more efficient.

There are zillion such excuses, all to hide the fact that the reality is quite different from whatever your statistical bureau publishes.

Your examples relates to capital intensive investments. None of these runs contrary to reality as you seem to think.

BD has a huge population and have not invested in infastructure because it did not have the money.

However that does not mean as an agriculture based economy it has not improved and achieved self sufficiency and is not a top ten global producers of many produce . It does not mean it has not exported huge amount of manpower globally. It does not mean it has not developed industry that negates the need for imports.

You need to delve deeper... you perceptions are based on very shallow criteria.

 

[SMX 3.0]

As you show we are doing better in nominal GDP. That is the international measure, not PPP. As to the latter it is only a matter of time

GDP per capita (nominal USD)

India $2515
Bangladesh $2362

2515 is greater than 2362. I don't know how math works in Bangladesh, though.

You can point to GSP as much as you want. You could have chosen to be an LDC which is what you are

Please do google up what is an LDC & what's the criteria for the same.

BD specialised in RMG as that is where our competitive advantage lay for exports.

More like that was the only possible industry given the skills of the workforce & level of technology available.

It is also import substituting and developing an economic base and diversifying its exports

Bangladesh has been unsuccessful in diversifying its export basket, which continues to be overwhelmingly dominated by ready-made garments. The industry has consistently accounted for at least three-quarters of Bangladesh’s total exports
over the past two decades having, in fact, increased its share from 75 percent in 2000 to 84 percent in 2019

https://documents1.worldbank.org/curated/en/702731624306432211/pdf/Gearing-Up-for-the-Future-of-Manufacturing-in-Bangladesh.pdf

Do you want me to post more from that report?

Your economic complexity index score is more than enough proof for your manufacturing capabilities or lack thereof.

 

[MultaniGuy]

I think this thread is kind of mean.

Has Nepal produced billionaire, even-though it is a Hindu majority country? lol.

But hey, at least Bangladeshis are not oppressed or persecuted like Indian Muslims are.

And lets not start talking about what people think about Hinduism or Hindus.

Because then the Mods or Admins will give me a warning or a temporary ban.

Regards.

 

[Black Tornado]

>India is very poor
>100 trillion Indians starving
> India don’t have food

All the excuses, Billionaires are not created just because they prayed to god to become a billionaire. All the billionaires became rich by creating wealth, jobs and economic activity. It’s funny to see people saying only 1% of Indians benefit from IT industry, how many of BDeshis benefit from IT? Not even 0.1% I guess. India’s domestic car sales are 3 million cars a year which are manufactured in India, millions are directly and indirectly involved in this industry, how many do BDeshis employ in automobiles? If textiles could make Bangladesh richer than India then why is it so that Bangladesh’s domestic textile market itself is 12% smaller than India even on a per capita basis, 12% difference is no joke. All these made up figures can’t help you in real life.


View attachment 857330View attachment 857331

Even the much hyped textile industry in Bangladesh employs just 4.4mn people compared to the 45 million in India, 10.23 times more for a population 8.3 times big.