Eyes on $100 billion apparel export by 2030

[UKBengali]

Forget about whether India will reach $4000k by 2028 or 2030. Talking about India when we discuss Bangladesh's potential forecast is typical immaturity that leads to prattle in PDF. I will generally stray away from it unless the topic itself is explicitly about comparison.

So now about IMF projections and what not, have they not been wrong before? I think it is possible that we have a recession in the immediate future. Remember reading an Indian news opinion piece that said textile industry could experience a lull because of drop in global demand. The article itself was for India, but a global downturn will not leave Bangladesh unscathed. What will happen then? So yes, I do not think that it is 'almost certain' for Bangladesh to reach $4000k by 2026.

Dude, I think your problem is you do not understand BD economy.

It is about as "recession proof" as any economy can be. I take your point about India though that is reliant on services exports that get hit harder when the West falls into recession.

It's major export basket(garments) will keep selling through any global recession which would be mild compared to the Covid-19 induced one in 2020 - that year BD economy grew 3.5% when its biggest exports markets like USA and Germany shrank by around 4% each and UK by 10%!.

Most that is likely to happen is that BD economy may "slow" down from 7-8% growth to 5% for one year max and then back to normal.

Now let us move on from this as this is distracting from the topic on hand.

 

[Rushd Alam]

Where does Sub Saharan Africa come from?

Don't cry when your superiority complex is disrespected. You are no one who lecture people on the internet. Bangladesh is not seen as a middle income country because people generally consider $4000+ income as middle income. Clinging to empty shell technicality that Bangladesh is a lower-middle-income is irrelevant. There is no misrepresentation anywhere

Lets give it rest, I think we have language barrier. Whatever I say wont make sense for you and then you will answer with something more bizzare. Me who has tendency to pick up such %%%% will end up wasting everyones time.

 

[leonblack08]

Remember reading an Indian news opinion piece that said textile industry could experience a lull because of drop in global demand. The article itself was for India, but a global downturn will not leave Bangladesh unscathed. What will happen then? So yes, I do not think that it is 'almost certain' for Bangladesh to reach $4000k by 2026.

I won't delve into the GDP argument, but wanted to note something regarding RMG. Bangladesh exports primarily basic cheap clothes. While the margin is lower on those, they are also less elastic during a downturn in economy. This did help BD survive the 2008 recession without extensive damage.