Half a million illegal Indians staying and working in Bangladesh

[idune]

idune

i think i have asked you a question.
----
Many times i have said in this thread Bangladesh is ahead of India.

Bangladesh should stop taking Aid from India. I think that money is used for RAW projects.

Aid worth over Taka 250 crore (over US $ 37 million) to help it cope with natural disasters and floods in the past one year (2007-08). India is working with Government of Bangladesh for rehabilitation of ten cyclone-affected villages in the southern part of Bangladesh.

Are you that dumb?? your question has nothing to do with the discussion here and only can be justified for distraction. So I will ignore those stupid try.

As for disaster aid , this is pure gesture. Bangladesh did send aid and money after Gujrat earthquake as well. Besides, $37 million is a number not even worth mentioning. And if you bought indian propaganda that $37 million would rehabilitate 10 village you must be out of your mind. Provide us the proof how much of that penny change was actually spent by indian already.

 

[karnivore]

Where is the proof? Noone is going to believe unless you cite credible sources. And dont compare GDSP with GDP.

A minor correction. It is Gross State Domestic Product (GSDP) not GDSP. And you are probably correct. GSDP calculations leave out Import Export figures (my economics is rusty. I vaguely remember something like that though)

 

[TopCat]

Are you that dumb?? your question has nothing to do with the discussion here and only can be justified for distraction. So I will ignore those stupid try.

As for disaster aid , this is pure gesture. Bangladesh did send aid and money after Gujrat earthquake as well. Besides, $37 million is a number not even worth mentioning. And if you bought indian propaganda that $37 million would rehabilitate 10 village you must be out of your mind. Provide us the proof how much of that penny change was actually spent by indian already.

Those village already rehabilated and people already forgot about that SIDR and moved on!!! But we are yet to see those $37 million from India... Pranab Mukerjee last month said, the money is on the pipeline and moving very fast and will reach very soon to those people...

 

[TopCat]

A minor correction. It is Gross State Domestic Product (GSDP) not GDSP. And you are probably correct. GSDP calculations leave out Import Export figures (my economics is rusty. I vaguely remember something like that though)

Mr. MBI just put forward those state figures only to show that BD is not as poor as you guys think and very informative as we see the Indian economy in a surgical manner and eye opening.... I am convinced.

 

[shravan]

Are you that dumb?? your question has nothing to do with the discussion here and only can be justified for distraction. So I will ignore those stupid try.

Most of these earning from Bangladesh goes to neighboring Indian state. Given GDP of these indian states, Bangladesh contribution is huge in their GDP calculation.

It's not a dumb question.

Again I am Asking you. Ever heard about SAFTA, SAPTA and APTA.

As for disaster aid , this is pure gesture. Bangladesh did send aid and money after Gujrat earthquake as well. Besides, $37 million is a number not even worth mentioning. And if you bought indian propaganda that $37 million would rehabilitate 10 village you must be out of your mind. Provide us the proof how much of that penny change was actually spent by indian already.

I said Bangladesh should not take it. India can take Aid from Bangladesh because India is Poor.

 

[toxic_pus]

Your amateur link is hardly worth of any statistics or comment. It seems difficult for you indians to sleep in reality. Oh well dont come looking for job in Bangladesh.

Yeah we will go looking for jobs when the aliens invade and take control of the rest of the earth.

No matter how hard you try to close your eyes and wish it all away, the inconvenient stats are going to stay there for every one to see.

Population living below $2 a day (%), 1990-2005 : 84.0

hdrstats.undp.org/countries/data_sheets/cty_ds_BGD.html

Net migration rate : -0.65 migrant(s)/1,000 population
Placed at #162 out of 225 nations. While India is placed at #137

nationmaster.com/country/bg-bangladesh/imm-immigration

 

[TopCat]

You're being stupid. India is growing at 5.3% in the current fiscal, and Bangladesh is growing at 4.8%.

Bangladesh to have a growth of 4.8%: WB

Yes thats bullshit WB figures and which never worked for BD. See what they say bout India which is 4%
The Hindu Business Line : GDP to grow 4% this fiscal, says Barclays

Bangladesh Bank still see 6% growth and the year is ending within a month.

http://newsfrombangladesh.net/view.php?hidRecord=255988

I dont want to call yu a stupid as I can see you write nice english. I hope you keep the same respect towards others.

All countries having high growth rate have a corresponding high capital market. Bangladesh's capital is nowhere close to India. You cannot have a high growth rate without having a high capital market.

In the last G20 meeting where your PM also a attendee, and try to analyze what they were talking about those paper money. If you do claim yourself a non stupid you should come up with some good cmprehension.

That is because you're knowledge is limited. % of people living below the poverty line has come down from 78% in 1947 to 24.3% in 2005.

Poverty in India - Wikipedia, the free encyclopedia

See the link and read carefully which categorically said indian calculation 27.5% and WB calculation 42.5% below poverty line.
In case of BD, its same for WB and our own estimate. So my suspicion ran deeper.

 

[shravan]

Gud Night
iajdani

 

[idune]

When world economies are crying out for money, Bangladesh has just the opposite trend - awash with liquid money.

Iajdani
WB is lowering the GDP growth rate in BD with completely different agenda in mind. With power of dollar in decline, uncle is using WB to push more dollars in different countries as loan so dollar stay alive as currency for years to come. Thats why you see our macro indicators are all up but some media and people running WB lines. But this is topic is of different discussion.

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Banks awash with excess liquidity

Siddique Islam

The call money rate came down to as low as 0.25 per cent in inter-bank money market Wednesday as the banks are now awash with excess liquidity.

The overall excess liquidity with the commercial banks, a record Tk 215 billion in February last, represented a 65 per cent growth over that of the corresponding period of the previous year. The figure was Tk 130 billion in February 2008, according to the latest estimation

Banks awash with excess liquidity

 

[TopCat]

Shravan,
I know these figure, and mr. godsavetheworld knows the history of my comments for which it referred to. I again repeat, the GDP growth rate you try to show mostly comprise of FDI and Capital market enhancement, which made a 1 billion dollar company to a 50 billion dollar company and hence the higher GDP growth rate. This does not reflect the real economic change to the marginalized people of India.

 

[shravan]

OK SIR. THANKS FOR TEACHING ME COMMERCE.

Banks awash with excess liquidity - Great News.

 

[godsavetheworld]

Mr. MBI just put forward those state figures only to show that BD is not as poor as you guys think and very informative as we see the Indian economy in a surgical manner and eye opening.... I am convinced.

He didnt. There are several irregularities in his charts.
1) He doesnt mention his source.
2) He is comparing GSDP with GDP, and try to woo those who dont understand economics.

The question is not about BD being poor or rich. We are simply debating your claim that BD is doing well that most Indian states. And which still stands disputed since you are not coming up with information along with their sources.

[I know these figure, and mr. godsavetheworld knows the history of my comments for which it referred to. I again repeat, the GDP growth rate you try to show mostly comprise of FDI and Capital market enhancement, which made a 1 billion dollar company to a 50 billion dollar company and hence the higher GDP growth rate. This does not reflect the real economic change to the marginalized people of India..

Wrong. High growth rate is not the only measure to reduce poverty, but it is single most important neccesity in reducing poverty. So paper money, capital inflow, investments, booming stock markets, are a necessity for reducing poverty.

Poverty in India - Wikipedia, the free encyclopedia

See the link and read carefully which categorically said indian calculation 27.5% and WB calculation 42.5% below poverty line.
In case of BD, its same for WB and our own estimate. So my suspicion ran deeper

You yourself are qouting 2004-2005 figures given in your source. I have quoted 2007-08 figures which are 24.3%.

 

[idune]

India’s govt debt is at 60% of GDP
India’s current account deficit is about 6% of GDP or over $240 billion

Bangladesh govt debt is about 35% of GDP
Bangladesh enjoy a healthy current account surplus


That means because of debt financing Indian govt has less percentage of revenue for spending on 400 million plus people who live less than $1 dollar a day. By the way indian population in July, 2009 is est to be 1.17 billion.

Indian economy is suffering from as high as 6% of GDP as current account deficit. That is over $200 billion in current account deficit, is astronomical when 400 million Indians live under $1 a day and oil price is record low. Indian may jump on to say so what, other countries have even higher. But problem with that argument is India is no uncle sam who can print money without much consequence. And Indian does not have luxury like these other countries for better and able tax collection base.

On Contrary, Bangladesh enjoys healthy current account surplus. And we have less debt to GDP ratio therefore better percentage of revenue can be spend on economic improvement.

 

[godsavetheworld]

India’s govt debt is at 60% of GDP
India’s current account deficit is about 6% of GDP or over $240 billion

Bangladesh govt debt is about 35% of GDP
Bangladesh enjoy a healthy current account surplus


That means because of debt financing Indian govt has less percentage of revenue for spending on 400 million plus people who live less than $1 dollar a day. By the way indian population in July, 2009 is est to be 1.17 billion.

Indian economy is suffering from as high as 6% of GDP as current account deficit. That is over $200 billion in current account deficit, is astronomical when 400 million Indians live under $1 a day and oil price is record low. Indian may jump on to say so what, other countries have even higher. But problem with that argument is India is no uncle sam who can print money without much consequence. And Indian does not have luxury like these other countries for better and able tax collection base.

On Contrary, Bangladesh enjoys healthy current account surplus. And we have less debt to GDP ratio therefore better percentage of revenue can be spend on economic improvement.

Look at the size of your country for godsake. Japan has a debt of 241% of GDP. That means Bangladesh is doing better than Japan? UK has a debt of 43% of GDP so you are doing better than UK that means? What BS!.

 

[TopCat]

He didnt. There are several irregularities in his charts.
1) He doesnt mention his source.
2) He is comparing GSDP with GDP, and try to woo those who dont understand economics.

The question is not about BD being poor or rich. We are simply debating your claim that BD is doing well that most Indian states. And which still stands disputed since you are not coming up with information along with their sources.

MBI might answer that better.....

Wrong. High growth rate is not the only measure to reduce poverty, but it is single most important neccesity in reducing poverty. So paper money, capital inflow, investments, booming stock markets, are a necessity for reducing poverty.

Yes all are necessary in a balanced way and which could be sustained. You will not see those paper money in anytime in near future. I commend India as it could avoid the collapse like Pakistan

You yourself are qouting 2004-2005 figures given in your source. I have quoted 2007-08 figures which are 24.3%.

This is not about the figure but the discrepency between world bank estimate and indian estimates and the difference between them.