GDP growth data ‘puzzling’
- Thread starter bluesky
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Indian economy is more matured than ours. Domestic demand works as a locomotive for the Indian economy. There is no such rule that the economy cannot grow without expanding its export or remittance. In the case of BD, at least for now, it is the remittance and export of a limited number of items that propel its economy by providing a source of income to many millions.
Money earned through exports changes hands that produce more jobs that in turn again create more demands for consumer goods, transportation and backward linking of factory goods, such as wrapping paper, carton boxes and plastic belts among many. It creates a certain state of growth.
However, there must be a limit to the expansion of the economy based solely on garments export and remittance. So, the report above doubts about the real expansion of the economy not duly corresponding to the volume of export and remittance.
@Homo Sapiens, @Bilal9
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Nilgiri
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10 years ago total export level was 250 billion and now its increasing past 500 billion. All done without getting on knees for 0-tariff access on just one good because you are too incompetent for anything else.
Your imagination is more tuned to being a mongol descendant, gloriously invading your Biman Babu office and parking your fat ugly *** (that you posted here as DP for longest time in your grandiose stupidity) on ill-earned lazy sleaze coin.
So it is by no means is anything relevant here.
How bangladesh is able to post any GDP growth with this kind of energy consumption stagnation already at such a low early base on the other hand confirms that your growth is BAL inflation based:
https://www.bp.com/content/dam/bp/b...l-review/bp-stats-review-2018-full-report.pdf
2015 - 2017 = 31.1 ---> 31.9 --->33.0
Like wtf lol...thats utterly measly at your low LDC base (especially with the claimed growth numbers). 2% growth per year at consumption level india/pak had in the 70s and earlier.
Looks like Harvard 4% projection was right after all
randomradio
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2015 - 2017 = 31.1 ---> 31.9 --->33.0
Like wtf lol...thats utterly measly at your low LDC base (especially with the claimed growth numbers). 2% growth per year at consumption level india/pak had in the 70s and earlier.
Looks like Harvard 4% projection was right after all
Isn't BD's electricity growth more impressive than India's? I mean their consumption has increased by 1.85 times since 2007 while our's has increased 1.67 times. Also, BD has been importing electricity from India the last few years.
BD could have a lot of consumption hidden due to corruption. There's also the question of power theft by locals.
I guess transportation of goods would be a much better measure than electricity.
BD's electricity production base was quite low compared to India's. So, the growth rate should be higher here.
Nilgiri
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Low base effect. To compare growth we really need to compare the countries during the same phase of having that consumption level.
Otherwise its all a scale of like saying the US is doing worse than Rwanda (on electricity growth) because Rwanda is growing faster......rather than comparing to say when US was also consuming at Rwanda level.
For BD and India you will notice the growth is charting roughly the same intensity in both phases:
https://data.worldbank.org/indicator/EG.USE.ELEC.KH.PC?locations=IN-BD
(2008 - 2014) for BD and (1986 - 1992) for India. The phase time lag means the 2nd country charting it still has to prove and perform the next phases...then only we see if it does better or worse on something ceterus paribus.
Also lot of economy (esp for developing country) is based on transport still, which is largely legacy energy driven still...so thats why I prefer looking at total energy rather than just elec consumption for the larger trend and correlation mismatch.
