Becoming a developed country by 2041.

[chatterjee]

But forget these things,real issue is cement consumption plus number of private car and 6 lane expressway where those private car will look beautiful.

 

[bluesky]

2:00 AM, April 30, 2017 / LAST MODIFIED: 12:00 AM, April 30, 2017
Becoming a developed country by 2041

There are certain stages of national economic development. They are, "Traditional Society", "Preparation for economic take-off", "Economic take-off", "Economic development", "Consumer society", "(No growth) high consumer society".

By every definition, BD is still in between "80% Traditional Society" and "20% Preparation for economic take-off" stages. In this stage, consumption level is very low and the economy is unable to produce many value added goods. With the present economic base, whereby many ingredients for higher economic growth are missing, it is unwise to expect the per capita income to surge to $12,000 only in 25 years.

 

[Nilgiri]

True,one shouldn't compare a country whose industrial sector is growing at 11 percent a year with a country where industry is growing barely 3.5 percent.Even without infrastructure development spending by foreign money, our economy will grow robust 6 percent due to fast growing Industrial sector and healthy growth in service sector and agriculture.But for Pakistan,take away loan money injected in CPEC,growth will come down 2 percent maximum instead of 5 percent growing this year.

But forget these things,real issue is cement consumption plus number of private car and 6 lane expressway where those private car will look beautiful.

Real issue is how much % of income BD people spend on basic food while being lower in protein intake, protein quality and calorie intake than rest of South asia.

Flabbergasting how BD people spends more than 50% of their income and have worse food security.

Means you have way less (given sensitivity of every % of spending allocation) to spend on other things (thus miserably low steel, cement, energy and anything else you can think of) and nothing to show for it.

Its also the fundamental reason why your PPP consumption is way behind the region too.

% spent on food of household expenditure:

Bangladesh = 54%
Pakistan = 35%
India = 31%

Sufficiency of supply index:

BD = 27
Pak = 40
India = 40

Non starch intake:

BD = 20%
Pak = 50%
India = 41%

Quality Protein intake:

BD = 31 g
Pak = 41 g
Ind = 39 g

Overall rank in Food Security index:

BD = 95/113
Pak = 79/113
Ind = 75/113

http://foodsecurityindex.eiu.com/Country/Details#Bangladesh
http://foodsecurityindex.eiu.com/Country/Details#Pakistan
http://foodsecurityindex.eiu.com/Country/Details#India

(Most of their base data take from the FAO)

@LA se Karachi @Major Sam @Khan_21 @H!TchHiker @farhan_9909

 

[Mage]

Real issue is how much % of income BD people spend on basic food while being lower in protein intake, protein quality and calorie intake than rest of South asia.

Flabbergasting how BD people spends more than 50% of their income and have worse food security.

Means you have way less (given sensitivity of every % of spending allocation) to spend on other things (thus miserably low steel, cement, energy and anything else you can think of) and nothing to show for it.

Its also the fundamental reason why your PPP consumption is way behind the region too.

% spent on food of household expenditure:

Bangladesh = 54%
Pakistan = 35%
India = 31%

Sufficiency of supply index:

BD = 27
Pak = 40
India = 40

Non starch intake:

BD = 20%
Pak = 50%
India = 41%

Quality Protein intake:

BD = 31 g
Pak = 41 g
Ind = 39 g

Overall rank in Food Security index:

BD = 95/113
Pak = 79/113
Ind = 75/113

http://foodsecurityindex.eiu.com/Country/Details#Bangladesh
http://foodsecurityindex.eiu.com/Country/Details#Pakistan
http://foodsecurityindex.eiu.com/Country/Details#India

(Most of their base data take from the FAO)

@LA se Karachi @Major Sam @Khan_21 @H!TchHiker @farhan_9909

Okay.....now economic progress is about food intake....sigh...Okay I guess.

 

[Nilgiri]

Okay.....now economic progress is about food intake....sigh...Okay I guess.

Isn't being able to spend less of your total income on food while improving your diet and food security....so that you have more of what you earn on other things to improve your quality of life....basically the definition of fundamental economic progress?

Or is trumpeting low-vetted mortality/health data from a corrupt govt and its corrupt institutions much more useful?

 

[Mage]

Isn't being able to spend less of your total income on food while improving your diet and food security....so that you have more of what you earn on other things to improve your quality of life....basically the definition of fundamental economic progress?

Or is trumpeting low-vetted mortality/health data from a corrupt govt and its corrupt institutions much more useful?

Maybe in Bangladesh people likes to eat more than others. Open a restaurant in BD and it will make money. Because people generally loves to eat. To celebrate anything people would go out and eat. To mourn for anything people will also eat(Milad, kulkhani)

It is in the culture. Low protein intake is a result of our dependency in on rice. People(a lot of them) takes rice on all three daily meals. And you can't eat rice only. You would need some vegetable/dal/fish/meat with it. And buying them is costly. So one would take a lot of rice with some fish/meat/veg.

Your post has less to do with economy and more to do with eating habit.

 

[Nilgiri]

Maybe in Bangladesh people likes to eat more than others. Open a restaurant in BD and it will make money. Because people generally loves to eat. To celebrate anything people would go out and eat. To mourn for anything people will also eat(Milad, kulkhani)

It is in the culture. Low protein intake is a result of our dependency in on rice. People(a lot of them) takes rice on all three daily meals. And you can't eat rice only. You would need some vegetable/dal/fish/meat with it. And buying them is costly. So one would take a lot of rice with some fish/meat/veg.

Your post has less to do with economy and more to do with eating habit.

You can look at other countries in the index at every spectrum.

The more developed a country is, the better diet diversity it has, the better protein intake it has and the less it spends on food as household income.

If India and Pakistani's households use around a third of their income to sustain a better quality diet compared to BD which uses half its household income to have a worse quality higher starch diet...that speaks volumes about basic economic development and also correlates with BD PPP being so low (given the consumption basket is stacked against it in the first place before price levels come into the argument).

Dal/fish/meat/veg supply (and thus market price) obviously has to be improved in BD so diets can be improved...AND BD needs to migrate to having enough income to spend on non-food items. No developed country has 50%+ of household spending on food (world average is 30%, China is around 29%, developed countries around 7 - 15%)....in fact household spending on food has always been a major marker of economic development. If you read the old economic papers during the cold war ...they had it as the best overall indicator of it before the HDI was developed.

I'm just following to the root of the argument here when people are laughing at spending on road and logistics infrastructure.

 

[Major Sam]

True,one shouldn't compare a country whose industrial sector is growing at 11 percent a year with a country where industry is growing barely 3.5 percent.Even without infrastructure development spending by foreign money, our economy will grow robust 6 percent due to fast growing Industrial sector and healthy growth in service sector and agriculture.But for Pakistan,take away loan money injected in CPEC,growth will come down 2 percent maximum instead of 5 percent growing this year.

But forget these things,real issue is cement consumption as well as number of private car and 6 lane exprrssway where those private car will look beautiful.

Real issue is how much % of income BD people spend on basic food while being lower in protein intake, protein quality and calorie intake than rest of South asia.

Flabbergasting how BD people spends more than 50% of their income and have worse food security.

Means you have way less (given sensitivity of every % of spending allocation) to spend on other things (thus miserably low steel, cement, energy and anything else you can think of) and nothing to show for it.

Its also the fundamental reason why your PPP consumption is way behind the region too.

% spent on food of household expenditure:

Bangladesh = 54%
Pakistan = 35%
India = 31%

Sufficiency of supply index:

BD = 27
Pak = 40
India = 40

Non starch intake:

BD = 20%
Pak = 50%
India = 41%

Quality Protein intake:

BD = 31 g
Pak = 41 g
Ind = 39 g

Overall rank in Food Security index:

BD = 95/113
Pak = 79/113
Ind = 75/113

http://foodsecurityindex.eiu.com/Country/Details#Bangladesh
http://foodsecurityindex.eiu.com/Country/Details#Pakistan
http://foodsecurityindex.eiu.com/Country/Details#India

(Most of their base data take from the FAO)

@LA se Karachi @Major Sam @Khan_21 @H!TchHiker @farhan_9909

no need to tell them.about consumption. For then only thing that matter is growth rate. While on ground things are other way around. Bec they cant understand simple mathematics, more you are rich more you will consume.

For then reality is like this
More Rich you become, less consumption you will have.

From them port utilisation to airway traffic, cement, steel, food, oil, electricity, industry, tourists, doesnt matter...

bec they know they are way behind from poor Pakistan and India.

The only thing which matter is either growth rate or wouda shoulda....

 

[Nilgiri]

no need to tell them.about consumption. For then only thing that matter is growth rate. While on ground things are other way around. Bec they cant understand simple mathematics, more you are rich more you will consume.

For then reality is like this
More Rich you become, less consumption you will have.

Yah I am pretty big eater even by western standards, but I tend to cook a lot myself (save money, better quality) and I just looked at my total yearly expenditure and maybe its 5% or so food-based at most.

To get it to 50%, I would have to be eating lots and lots of caviar, truffles and single-malt with every meal.

 

[Mage]

Yah I am pretty big eater even by western standards, but I tend to cook a lot myself (save money, better quality) and I just looked at my total yearly expenditure and maybe its 5% or so food-based at most.

To get it to 50%, I would have to be eating lots and lots of caviar, truffles and single-malt with every meal.

It's easy to say living in Canada. Where the GDP per capita is like 20-30 times higher. I could say the same living in Sweden. Stat without context means nothing.

You can look at other countries in the index at every spectrum.

The more developed a country is, the better diet diversity it has, the better protein intake it has and the less it spends on food as household income.

If India and Pakistani's households use around a third of their income to sustain a better quality diet compared to BD which uses half its household income to have a worse quality higher starch diet...that speaks volumes about basic economic development and also correlates with BD PPP being so low (given the consumption basket is stacked against it in the first place before price levels come into the argument).

Dal/fish/meat/veg supply (and thus market price) obviously has to be improved in BD so diets can be improved...AND BD needs to migrate to having enough income to spend on non-food items. No developed country has 50%+ of household spending on food (world average is 30%, China is around 29%, developed countries around 7 - 15%)....in fact household spending on food has always been a major marker of economic development. If you read the old economic papers during the cold war ...they had it as the best overall indicator of it before the HDI was developed.

I'm just following to the root of the argument here when people are laughing at spending on road and logistics infrastructure.

You won't get diet diversity in Bangladesh. Even of per capita income becomes 100k in USD people would still be eating rice.

If you think HDI is a better measure for economic growth then use it. Diet largely depends on food habit and it is different from country to country.

But if we're comparing economy I'd rather go with GDP, growth rate etc etc

 

[ashok321]

After all who knew that Bangladesh would be the second largest exporter of Garments/Textile/Apparels/knitwear (principal source of foreign exchange earnings) after China.

At least my crystal ball got exploded on this.

Bangladesh is growing fast because it is focusing on its economy like a laser beam.
Good job.

 

[Homo Sapiens]

It's easy to say living in Canada. Where the GDP per capita is like 20-30 times higher. I could say the same living in Sweden. Stat without context means nothing.

You won't get diet diversity in Bangladesh. Even of per capita income becomes 100k in USD people would still be eating rice.

If you think HDI is a better measure for economic growth then use it. Diet largely depends on food habit and it is different from country to country.

But if we're comparing economy I'd rather go with GDP, growth rate etc etc

Absolutely.Only rice is considered proper meal in Bangladesh.All other food are considered as snacks.This mentality will not change with just income growth.It will take a lot of time to diversify our diet.Even millionere here eat mostly rice with curry just like the rest of the people.

 

[Nilgiri]

It's easy to say living in Canada. Where the GDP per capita is like 20-30 times higher. I could say the same living in Sweden. Stat without context means nothing.

And hence coming to the point that household income percentage spending on food correlates with the denominator (income) and thus development to a high degree.

You can only increase total food consumption so much with higher income (even accounting for pricier quality etc)...given most people migrate more spending on other things (housing, transport etc).

BD having 50% of its household consumption on food, a much larger percentage than India and Pakistan, shows a fundamental figure about its base household consumption (the denominator).....while the quality of the food consumption details the numerator quality.

Both need to be improved to large degrees before people from BD can laugh about road, steel and electricity consumption in the rest of the region as being "bourgeoisie" or whatever....especially when they themselves are using the internet and all the support structures it requires in posting those very emojis and one liners.

After all tell me one country with more than 10 million people that has effectively industrialised without increasing its steel, cement and electricity consumption? BD being a very one-trick pony that has put all its chips in the RMG sector is actually going to be a pretty nasty structural problem if its not remedied ASAP. Boasting about "industrial" growth (because of low base phenomenon) and equally wailing about PPP being "grossly under-reported" in other threads while ignoring or dismissing the fundamental reason behind this (low household % spending on non-food on an already low household income) tells all one needs to really know about the majority of discussions on this forum (quite unfortunately).

You won't get diet diversity in Bangladesh. Even of per capita income becomes 100k in USD people would still be eating rice.

Sure they will be eating rice whatever their income (cultural connection, heritage, developed preference etc)....but getting 80% of their energy from rice intake? @Doyalbaba and others say they are elites (like the top 1% or whatever)....why don't you ask them if they get this much of their daily energy from eating rice?

All I am saying is that diet diversity will generally migrate to the better as incomes improve. I know plenty of ukrainian and polish people out here who tell me the basic diet of their previous generations back home (esp during lean seasons) were potatoes and whatever else they could scrap together. Obviously these areas have developed since and people still eat lots of potatoes, but it doesnt make 80% of their daily energy. @Mohammed Khaled can verify.

Cultural affinity to whatever your native homeland starch is, is not enough to maintain 80% energy intake of it with higher incomes and more choices at easier reach.

If you think HDI is a better measure for economic growth then use it. Diet largely depends on food habit and it is different from country to country.

But if we're comparing economy I'd rather go with GDP, growth rate etc etc

Im not comparing just "economic growth" here, its something deeper than that. Its development. To improve its overall PPP consumption drastically, whatever factors are holding BD diet quality/supply at the poor level it is at especially given it uses up 50%+ of average BD household income needs to change and change fast....so that the 50% ratio can come down...so that those % increments can go to consuming non-food and spur demand (and thus supply) for those goods which have further quality of life improvements and multiplier effects. Its a cascading effect.

Or you can dismiss it all as a "cultural" thing and scratch your head why BD per person consumes a lot less overall than Indians and Pakistanis....and basically everyone else in the region except maybe the Nepalese.

 

[Shajida Khan]

These people are insane. Gulf countries have a good relation with India as well. But only Bangladesh having good relation(which is not that good anyway) with India becomes a puppet in their eyes...I could say some things which would get in the nerves of them but I think mods will come here soon to clear things up. So, I'd rather not.

Actually, problem with Pakistani is that 'puppet state' is the only path they know. First they played second fiddle to USA and now China. Heck it is a country that cannot and will not find ways to generate enough electricity by itself. For that too 'China will help us!'.

 

[Mage]

Real issue is how much % of income BD people spend on basic food while being lower in protein intake, protein quality and calorie intake than rest of South asia.

Flabbergasting how BD people spends more than 50% of their income and have worse food security.

Means you have way less (given sensitivity of every % of spending allocation) to spend on other things (thus miserably low steel, cement, energy and anything else you can think of) and nothing to show for it.

Its also the fundamental reason why your PPP consumption is way behind the region too.

% spent on food of household expenditure:

Bangladesh = 54%
Pakistan = 35%
India = 31%

Sufficiency of supply index:

BD = 27
Pak = 40
India = 40

Non starch intake:

BD = 20%
Pak = 50%
India = 41%

Quality Protein intake:

BD = 31 g
Pak = 41 g
Ind = 39 g

Overall rank in Food Security index:

BD = 95/113
Pak = 79/113
Ind = 75/113

http://foodsecurityindex.eiu.com/Country/Details#Bangladesh
http://foodsecurityindex.eiu.com/Country/Details#Pakistan
http://foodsecurityindex.eiu.com/Country/Details#India

(Most of their base data take from the FAO)

@LA se Karachi @Major Sam @Khan_21 @H!TchHiker @farhan_9909

@Nilgiri how reliable are these data? I've found a couple of article(non Bangladeshi) says a bit different. Not that different tho.
Also the data you have shows BD's PPP at 543Bn, while now it is around 700Bn. I'll share the articles later. Posting from my phone. Laptop is giving me some trouble.