Plan sees $2000 per capita income by 2021

[scholseys]

It's not unusual for textiles to move to less developed countries with lower costs. It's been happening for half a century.

Haq's Musings: Economic Disparity Between Bangladesh & Pakistan

read the last paragraph, since 2008 our economy has been out performing yours. Its a matter of time we bypass you. The afghan war has destroyed your credibility as a nation and the foreign investors are reluctant to invest in Pakistan. Probably after US is done with Iran, it will shift her attention towards pakistan. Already, the american media has been painting Pakistan black. The other day i was watching daily show with john steward, where he brings a journalist and he asks the journo "which is the most dangerous nation you have ever been to"..he answers "pakistan"..mind you he is a veteran journalist and went to various war torn country. USA has already started using propaganda on pakistan to get american citizens on her side. The future seems quite dark for pakistan.....just my 2 cents.

 

[eastwatch]

When poor people of BD are working hard to get their country out of poverty, these politicians are busy in making weather forecasting for the future.

 

[CaPtAiN_pLaNeT]

Pakistan's nominal per capita GDP is already $1372 in 2011-12.

And Pak per cap GDP is $3430 in PPP $$.

I find it hard to believe that it won't cross $2000 by 2021. It should be a lot higher than $2000 in 2020.

Haq's Musings: Pakistanis Rank Above Neighbors on Gallup Wellbeing Index 2012

1st off all your provided informations are wrong. Pakistans GDP is 210 billion and per capita gdp is 1201 USD.

Now even we go by your source... in reality it shrink the total gdp of Pakistan. According to your news source size of Pakistan's economy rises to Rs20.6trn after GDP growth revision. Now based on current market price Rs20.6trn is equivalent to 208 billion usd. In other words shrink Pakistan's economy.

Now for the sake of Argument even if we take your figure of 1258 per capita gdp of 2010-2011... even then at 3.7% GDP growth with present population of 177100000 ... per capita gdp becomes around 1283 USD, not 1372 as you have mentioned.

Either the news article made some mistake in their calculation or it was referring to GNP not GDP.

Much higher then 2000 usd per capita GDP for Pakistan by 2021??? You must be day dreaming. Even from present 1201 USD per capita GDP ... Pakistan wont be able to reach 2000 USD per capita gdp even if it can maintain 6% average GDP growth in the next 10 years which is unlikely.

Pakistan's GDP is only to grow by 4% in the next year.

http://www.nation.com.pk/pakistan-n.../11-May-2012/-pakistan-economy-to-grow-by-4pc

It's not unusual for textiles to move to less developed countries with lower costs. It's been happening for half a century.

Haq's Musings: Economic Disparity Between Bangladesh & Pakistan

Man come out of all these old crap which does not have any reality in present and future term.

Are you not aware of the projection made by CITI group regarding Bangladesh... Based on that Bangladesh will enjoy the 4th highest growth rate among countries with sizable population with growth rate of 7.5%.

By 2050 total Bangladesh's economy will be 5 trillion usd (ppp) which will be higher then Pakistan despite Bangladesh will have 1.5 time less population then Pakistan...

This is the reality and face it instead of remain in delusion.

The 10 Fastest Growing Economies Of The Next 40 Years - Business Insider

#4 Bangladesh
#4 Bangladesh

Wikimedia Commons
YoY growth rate: 7.5%

GDP in 2050: $5.0 trillion

Bangladesh is starting out at the bottom with a GDP per capita that's just 4% of the US, but with recent political stability and a young population it could get impressive growth rates over the next decades.

Projections provided by Citi. GDP in 2050 (PPP) was given by Citi or estimated using growth rate.

Read more: The 10 Fastest Growing Economies Of The Next 40 Years - Business Insider

Lastly regarding moving of textile mills to Bangladesh from Pakistan... it is not because Pakistan is a developed country but because Pakistan is no longer a viable place for doing business. Pakistan ranked one of the countries among failed state. Sorry to say that.

So CaPtAiN_pLaNeT, how will economy grow from 5.5% as projected this year to 8-9% which what is needed for such target? Do you and Awami League dishing out these fairy tale masking PRESENT reality, have any plan?

Come out of your typical mean minded jamaati mentality in each and every post. It has been described to you several time the reason behind IMF put 5.5% GDP growth and it was also told to you real GDP growth comes always around 1% higher then IMF forecast. However IMF jsut 3 days later increased it to 5.9%. You cleverly ignored that.

IMF revises BD's GDP projection upward

But yesterday UN projected Bangladesh's GDP growth to 6.6%. So what is your view on that?? A RAWamy propaganda???

ESCAP projects 6.6 pc growth

Yes it is true that both BNP and Awami league can hamer GDP growth of Bangladesh to a great extent by their destructive policy but thank god condition of Bangladesh is far more better then Pakistan.

If you are in so love with Pakistan then you can buy a one way ticket to Pakistan and just can leave BD forever. Eventually you will have to as soon Nizami, Golam Azam, Sayeede, Bachhu Razakar all will be hanged lined up together and Jammat will be ban forever.

 

[idune]

Come out of your typical mean minded jamaati mentality in each and every post. It has been described to you several time the reason behind IMF put 5.5% GDP growth and it was also told to you real GDP growth comes always around 1% higher then IMF forecast. However IMF jsut 3 days later increased it to 5.9%. You cleverly ignored that.

IMF revises BD's GDP projection upward

But yesterday UN projected Bangladesh's GDP growth to 6.6%. So what is your view on that?? A RAWamy propaganda???

ESCAP projects 6.6 pc growth

Yes it is true that both BNP and Awami league can hamer GDP growth of Bangladesh to a great extent by their destructive policy but thank god condition of Bangladesh is far more better then Pakistan.

If you are in so love with Pakistan then you can buy a one way ticket to Pakistan and just can leave BD forever. Eventually you will have to as soon Nizami, Golam Azam, Sayeede, Bachhu Razakar all will be hanged lined up together and Jammat will be ban forever.

With the right stroke your closet Awami League identity exposed wide open. Just like any Awami thugs you start calling anyone and everyone "jamatti" "rajakar" and what not.I care less about what happens to Jammat but do care about what will happen to Awami League thugs who are running out of space.

5.5% or 5.9% still far cry from 8-9% GDP growth needed for $2000 per capital income you and your Awami mentors are trying to project. You have been dodging the question that has been raised. Rather than showing future deception, show what will be done specifically to achieve 8-9% GDP growth? If you cant show credible specifics, you are are just one of those Awami propaganda tool trying to mask present with future deception. Just like Awami League did with 10 taka kg rice and job for everyone and what not.

 

[eastwatch]

AL or any other political party can only forecast the future. THey really undo things. But, the private sector does things that propel the econy. They borrow money and invest in sectors that have future in the local and foreign market. Our basic problem remains the shortage of power and a weak physical infrastructure. All the present and past govts have failed in building these.

When the saving and investment rates are around, say, 32% it is possible to propel the economy at 8% to 9% growth. However, even if our saving rate is high at present, industrialists are unable to invest more in line with that saving rate because of weak power and other physical infrastructures.

Another factor is direct investment. Even if the country saves less, it is possible to increase the GDP if foreign capital comes in and invest. I think, when the infrastructure is built by the govt there will be more cases of foreign direct investment. This will add to the growth. So, it may not be that impossible for BD to grow by 8% or more.

AL or BNP whoever is in power should concentrate more on improving the two weak sectors that I have mentioned here. In the past, BNP did the same kind of mistakes that AL is doing now when it is economy.

 

[idune]

When the saving and investment rates are around, say, 32% it is possible to propel the economy at 8% to 9% growth. However, even if our saving rate is high at present, industrialists are unable to invest more in line with that saving rate because of weak power and other physical infrastructures.

And when deficit is high, balance of payment is in negative, govt borrowing is high and interest rate is 16-18%; make no mistake there will hardly be any investment. In Bangladesh most investment comes from local investors much more than FDI.
And without investment which already came to screeching halt and decreasing GDP growth, there will be no 8-9% growth and no $2000 per capital income.

Regardless who is in power, there has to be plan (fiscal, montary, investment, industry and employment plans) how they will achieve these targets, in this case target of $2000 per capital income. Since, Awami League is in power and making claims, every citizen has right to know and ask how the regime will achieve that gloating target? Otherwise, Awami League regime and its echo chambers are just talking rubbish; as Awami FM often like to use the term. So CaPtAiN_pLaNeT owe us an explanation on how $2000 per capital income that he is promoting.

 

[kalu_miah]

From a Korean source I heard this that whenever RAWamy League is in power, prices go up, but whenever BNP is in power prices go down. Since it is in Korean language, it will be pointless to post the link. But this was said by a Korean expat who has been living in Bangladesh for some time. Is this actually true?

 

[45'22']

well bangladesh is doing better than most of the counteries now a days,so the think the reverse is true,
well bangladeshis may shed some light

BD is doing better than most of the countries now a days
so i think the reverse is true
BD is expecting 2000$ percapita by 2020 which is very gud actually
well bangladeshi's can shed some light on the topic

 

[curioususer]

You took the words right out of my mouth. As long as India is there, BD cannot achieve prosperity. My suggestion take out India. Then you can have 18% growth year after year.

or become one with india.

 

[PlanetSoldier]

From a Korean source I heard this that whenever RAWamy League is in power, prices go up, but whenever BNP is in power prices go down. Since it is in Korean language, it will be pointless to post the link. But this was said by a Korean expat who has been living in Bangladesh for some time. Is this actually true?

No, BNP is used to patronize business tycoons (later BAL started same policy).

 

[cybertron]

or become one with india.

False flagger and this dumb???!! :facepalm:

 

[curioususer]

False flagger and this dumb???!! :facepalm:

no i'm not