Private borrowing is different. But, the govt is borrowing in two hands for which it itself is responsible. A densely populated country such as BD needs fast industrialization to step into self-propelled development in other sectors.
But the GoB has chosen to borrow money to build a few infrastructures. This is not called development.
Where did I say govt should build industries? To build industries, a govt encourages private people by asking the banks to extend foreign currency and local money. Govt earns revenues from the companies and the workers.
This money is used to build infrastructures. This is the Universal method. If you are ignorant of past history of the development of other countries including Europe, Japan, Singapore or others, please read books on their development instead of playing a witch doctor here in this forum. There are hundreds of such books.
The BAL govt is putting the cart in front of the horse and this is what you claim is development. It is a new definition for development.
Tell me which one country ever developed by your BAL Chetona style of borrowing and building as if there is no tomorrow.
