FDI investments in Indian IT sector will also attract larger amounts than other sectors (especially in India which is a much larger country than Bangladesh), so that is another point of discussion. They were doing this even before the 90's.
IT investments are cyclical and wane and ebb with demand. However people don't stop needing basic clothes and medicine, demand is more or less constant and exists even during recessionary times.
The fact is - top down development like in India (as
@BananaRepublicUK bhai mentioned above) does nothing for the poor in India and that is the spot India is in today (GINI coefficient is off the charts, ironically which Modi and BJP actually want).
Bottom up development is what helps third world countries and which historically helped the Asian tigers in ASEAN.
@Homo Sapiens bhai is the expert on this, he can kindly elaborate. This is the next best thing to having communism, along with some basic social safety net (healthcare, income protection, universal pensions) which Bangladesh is already planning.
@jamahir bhai your comments.
I am proud of the fact that Bangladesh has made it this far on steady local industrial and commercial investments where we ourselves are not dependent on the vagaries of foreign investments which can come and go in a flash.
There are Billion of dollars of Auto Mfr. investments which have receded from Indian shores in recent years. I am sure you know about those too. These sectors (along with shipbuilding especially) are cyclical oriented which can ruin a fragile economy. Maybe India being a large country can do this, but not a smaller country like Bangladesh which does not boast the diversification that India has.