50 years of Independence: Once basket case, Bangladesh now marches ahead of Pakistan

[colonel rajesh]

50 years of Independence: Once basket case, Bangladesh now marches ahead of Pakistan

The government of Bangladesh most recently managed to establish the last structural span of the Padma Multipurpose Bridge. With this project, Bangladesh has shown the world the degree of self-reliance it can afford, and its capability to launch mega economic projects without full support from abroad.

Synopsis
The IMF has indicated Bangladesh’s economy to be growing up to $322 billion by 2021. This data compiled by the IMF indicates the average Bangladeshi citizen is wealthier compared to that of Pakistan.

By Dipanjan Roy Chaudhury, ET Bureau
Last Updated: Dec 26, 2020, 02:35 PM IST
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Bangladesh celebrates its 50 years of independence with a stable and progressive government in power and once a basket case has marched ahead of Pakistan in several indicators.

The IMF has indicated Bangladesh’s economy to be growing up to $322 billion by 2021. This data compiled by the IMF indicates the average Bangladeshi citizen is wealthier compared to that of Pakistan.

Since the revival of democracy in Bangladesh during the early 1990s, the developmental pace of Bangladesh surpassed that of Pakistan. Gross savings (% of GDP) of Bangladesh was 39.9 in 2012 and Pakistan was 20.4 in 2012 and 20.8 in 2013 respectively.

According to Nobel Laureate Amartya Sen, Bangladesh is ahead in distinctive social indicators. The increasing level of investments in human capital have made Bangladeshi workers more productive. Bangladesh also outperforms Pakistan in social indicators due to the impressive performance delivered by NGOs.

NGOs operate with minimal interference in Bangladesh, and provide healthcare, schools, banks, dairy collectives, phone service, public health campaigns like ORS and immunization drives.

The wide reach of NGOs and substantial support by the international development aid has accelerated and complemented the government’s efforts to mitigate the gap of income inequality. As the NGOs offer a vast range of social services, they are not only confined to providing microcredit, but other massive social programs.

It can also be anticipated that Bangladesh would transform to be the 26th largest economy from its current position of being the 42nd biggest economy. According to the Human Development Index (HDI) for the year 2017, Bangladesh is around 0.608. Pakistan’s HDI value for 2018 is 0.560, which puts the country in the medium human development category.

Pakistan suffered losses because of income disparity of 25.6 percent. According to World Bank statistics, Bangladesh is one of the countries with lower degree of income inequality

Since the 1971 Liberation War, Bangladesh has made substantial economic growth-oriented progress and has managed to perform well in the spectrums of social indicators in the spectrum of poverty, public healthcare and literacy. Until the early 1990s, it used to have an agriculture centric economy, which was highly dependent on the primary sector. In the past few decades, with the practice of democratic governance and increased accountability in the bureaucracy, it has made tremendous progress in sectors ranging from macroeconomic to social development, and all the tangible improvements have been reflected in the development indexes compiled and prepared by the World Bank.

It certainly cannot be denied that Bangladesh has succeeded to mark and establish itself as one of the significant track recorders of socio-economic development and sustainable growth. It has also crafted efficient public policies to empower women and reduce chronic diseases, and has fared better in this regard than Pakistan. Bangladesh has come a long way since 1971 when the U.S. Secretary of State Henry Kissinger disparagingly referred to it as a “bottomless basket”.

Bangladesh’s dependency on foreign aid has reduced remarkably from 88% in 1972 to just over 2 percent in 2010, and its current Purchasing Power Parity adjusted per- capita GDP is more than $4000. Since Pakistan’s formation in 1947, it has heavily relied on foreign aid, particularly from the US.

The government of Bangladesh most recently managed to establish the last structural span of the Padma Multipurpose Bridge. With this project, Bangladesh has shown the world the degree of self-reliance it can afford, and its capability to launch mega economic projects without full support from abroad.

This bridge will connect Dhaka, the capital, with 21 southern districts through road and railways– paving a new chapter in the county’s economic development

50 years of Independence: Once basket case, Bangladesh now marches ahead of Pakistan - The Economic Times

The IMF has indicated Bangladeshs economy to be growing up to $322 billion by 2021. This data compiled by the IMF indicates the average Bangladeshi citizen is wealthier compared to that of Pakistan.

www.google.com

great comeback.

 

[Mugen]

Happy to hear that Bangladesh is doing well.

 

[Nasr]

Well done Bangladesh, proud of your success and yes I am Pakistani. As Muslim, I am proud of Bangladesh's success and wish them a prosperous future.

For my country, I pray that Pakistanis will become united and focus on developing our country into a powerful economic state, with a robust clean and green environment and surging education success. Most of all, I pray that all Muslim countries strive to become great Mu'mins and stand firm in their Imaan.

 

[Iltutmish]

Well done Bangladesh, proud of your success and yes I am Pakistani. As Muslim, I am proud of Bangladesh's success and wish them a prosperous future.

For my country, I pray that Pakistanis will become united and focus on developing our country into a powerful economic state, with a robust clean and green environment and surging education success. Most of all, I pray that all Muslim countries strive to become great Mu'mins and stand firm in their Imaan.

That’s the spirit we need!

Bangladeshis and Pakistanis are not that different hating on each other only benefits Hindu India!

 

[mb444]

The only reason Bangladesh exists post 1971 is because India decided it should exist separate.

That's how occupying armies operate.

And yes, they will always do better than Pakistan. Its in their genes. Which adopted faith will not dilute.

Cheers, Doc

India did not decide BD should be sovereign It knew if it tried anex BD, the bengali muslims will shatter india again and this time into much smaller pieces.

The egos of pakistani and indians seems to stand upon supposed superiority to Bengali muslims, something not supported by history.

BD is the only sovereign nation that stands on its own from pre mughul era in the region whilst all others lack confidence and must huddle together in federations.

BD stand and will stand and prosper irrespective of indian or PK designs.

 

[mb444]

It's a pity that we cannot talk about the economic achievements of BD without getting into a virtual fistfight.

BaNgLaDeSh StRoNk - PaKiStAn BaD?

1. Different power dynamics are at play in Pakistan. Literally every power of this world wants influence in our country. Pakistan needs to get its act together, that's for sure and we are wasting a lot of potential right now. But we have other variables to consider than Bangladesh.

2. Bangladesh - and please forgive me my words - is basically a Hindu protectorate. The 29th state of India to say. Proud Muslims are dominated by Hindus, created by Hindus and protected by Hindus. Every Bangaldeshi with some pride in his Muslim heritage (and I know there are many Bangladeshi brothers and sisters who hate this fact!) is upset about that.

3. Dignity is more important than bragging about the fact that Bangladeshi paupers have 20 USD more per year in their pockets than Pakistani or Indian paupers. And right now the discussion is literally based on that said fact. 99% of your country would still leave on the same day when an Euro embassy would grant them a visa.

4. @DalalErMaNodi

You may bring up a polio vaccine to brag about Bangladeshs StronKness. As I said different power dynamics are at play in Pakistan and if I lived in Pakistan I would also be sceptical. Ever heard about Shakil Afridi? Your country chose to become a puppet state for a weak peace with India, Pakistan - with all its major problems - has some dignitiy left not to submit to the Hindus.

Take your sanctimonious nonsense and stick it where the sun do not shine.

Without an economy you can not fight a war.

You hail your poverty, illiteracy, low life expectancy as dignity..... each to their own I suppose....

 

[Black_cats]

Being practical and rooted in the present here coz I have seen a bit of them in the recent past.

They do not mind elevating a Hindu to the top based on merit.

They are very hard working and labour is cheap still.

They do not suffer from unnecessary ego (very Chinese of the past).

They have a strong intellectual core which they have been grooming on Western funding.

They are not at war with anyone.

If they control their population to the limited land they have, their smaller size will be their biggest asset in the next 10-20 years.

Cheers, Doc

30% of Government Serviceman are minorities mostly hindus. We do not mind as long as they attain the position based on merit and remain loyal to the country.

 

[padamchen]

India did not decide BD should be sovereign It knew if it tried anex BD, the bengali muslims will shatter india again and this time into much smaller pieces.

The egos of pakistani and indians seems to stand upon supposed superiority to Bengali muslims, something not supported by history.

BD is the only sovereign nation that stands on its own from pre mughul era in the region whilst all others lack confidence and must huddle together in federations.

BD stand and will stand and prosper irrespective of indian or PK designs.

Please take a moment and ask yourself.

A 2 million strong Indian Army was camped on your soil.

Which was the military counterforce present to dislodge it if they decided to stay?

Cheers, Doc

 

[Black_cats]

Please take a moment and ask yourself.

A 2 million strong Indian Army was camped on your soil.

Which was the military counterforce present to dislodge it if they decided to stay?

Cheers, Doc

In 21st century this is not possible. Get back to reality. India has other areas to protect as well.

 

[padamchen]

In 21st century this is not possible. Get back to reality. India has other areas to protect as well.

Do you deny then that the Indian Army was camped on your soil?

If they decided to stay, even for 5 years, you would have been a de facto legal Indian protectorate like Bhutan.

Cheers, Doc

 

[Black_cats]

Do you deny then that the Indian Army was camped on your soil?

If they decided to stay, even for 5 years, you would have been a de facto legal Indian protectorate like Bhutan.

Cheers, Doc

Without country's permission they can not stay. Shaikh Mujibur Rahman first thing he did after returning asked Indira Gandhi to remove the soldiers. Now you can take that thought of Indian protectorate out of your mind. Bangladesh is not or was Bhutan as it had 75 million population. India would be forced to live sooner or later if they wished to stay. India was not USA or USSR.

 

[padamchen]

Without country's permission they can not stay. Shaikh Mujibur Rahman first thing he did after returning asked Indira Gandhi to remove the soldiers. Now you can take that thought of Indian protectorate out of your mind. Bangladesh is not or was Bhutan as it had 75 million population. India would be forced to live sooner or later if they wished to stay. India was not USA or USSR.

Sir, there was no country.

The Indian Army destroyed your old country.

And was there holding ground before your new country.

There was an interim vacuum.

Think.

Cheers, Doc

 

[Black_cats]

Sir, there was no country.

The Indian Army destroyed your old country.

And was there holding ground before your new country.

There was an interim vacuum.

Think.

Cheers, Doc

There was Bangladesh from March 25, 1971 with the declaration of independence including government. Go back and read history. India just came in 13 days with the assistance of mukti bahini. That was their contribution. They had to leave after Shaikh Mujib returned.

 

[padamchen]

There was Bangladesh from March 25, 1971 with the declaration of independence including government. Go back and read history. India just came in 13 days with the assistance of mukti bahini. That was their contribution. They had to leave after Shaikh Mujib returned.

You just said what I did.

Sir.

Leave your ego aside. We are brothers. Elder and younger.

We were there when you needed us. No one is reminding you constantly of that.

You are progressing. We are progressing. Independently.

We do not ask for your gratitude. But we will not change history to assuage your ego.

Cheers, Doc

 

[Ghost Hobbit]

Source; Indian Economic Times

Why must everything be compared to Pakistan?

Bangladesh vs Pakistan
Lets give Indians a heart attack

View attachment 700572

Bangladesh marches ahead of India Much better, Comparing Pakistan vs Bangladesh by the Indians while ignoring that Bangladesh is beating India is Price less.

why should we have a heart attack? We have known for long that BD has a good focus on economic growth. Of course we will once again beat them to grow faster . Of course they can try to beat us by trying to grow faster...