Low revenue-GDP ratio hurting economy of Bangladesh.

[mmr]

People will dislike me more if I say the total tax collection is good. But, it is compared with the faulty or inflated GDP figures.

If the GDP is $400 billion, the tax vs GDP becomes somewhere above 8%. But, the ratio is 16% if the GDP is $200 billion.

So, ask BBS to deduct inflation from the nominal growth, and the yearly growth will be less than 3%. Every year Hasina Bibi asked the BBS to inflate the growth rates and mow she is in problem and asking others to extend special benefits until 2029.

This woman has a 2-year degree from Eden College with grace marks. So , she has little knowledge on the national economic development process.

Where is @Black_cats?

Its not 200 but its not 480 either. Bd gdp is like 350 billion considering how dollar going up.

Bd is consumption driven economy. Low tax...low investment on education...R&D...negligible initiatives to go for innovation and patent fillings...

Nothing like east asian countries.

Usa can afford to be consumption driven economy not bd.

 

[BananaRepublicUK]

You mean the Services sector and largest IT companies of 250 billion were built by the British?

TATA?

 

[Bilal9]

Nooooo!!!!!

BD is marginally ahead on the basis of GDP.

India far ahead on the basis of GNP. India has humongous multinationals repatriating profits. I do business with one of those giants!!!

It’s not that difficult to understand really!!!

@UKBengali
@bluesky
@Homo Sapiens
@Black_cats
@Bilal9
@EasyNow
@Wergeland




Btw, those multinationals were a product of the British empire not “independent India”.

Nothing we say will convince Pujaris that they live in a ruined, has been economy. Modi can do no wrong....

TATA?

Not only Tata but a majority of the License-Raj era foundational businesses (L&T included of course) were built by British bootlicker Indian industrialists. They benefited from basically free money massive loans given by the British and Nehruvian policy-assisted bank systems in India at the time. Rate of default was quite high too, even from massive public sector enterprises.

 

[BananaRepublicUK]

Nothing we say will convince Pujaris that they live in a ruined, has been economy. Modi can do no wrong....



Not only Tata but a majority of the License-Raj era foundational businesses (L&T included of course) were built by British bootlicker Indian industrialists. They benefited from basically free money massive loans given by the British and Nehruvian policy-assisted bank systems in India at the time. Rate of default was quite high too, even from massive public sector enterprises.

These banyas hoard all the tax subsidies whilst the Dalits die of covid.

A country cannot progress whilst a 1/3 of its population are left on the roadside to fend for themselves and die of covid and hunger on the way to their villages.