Bangladesh 2nd largest economy in South Asia

[RoadRunner401]

Under Bhutto bad policies and shortsightedness, Pakistan economic growth got hammered. Then came nationalization of industries and drafting inward looking policies, Bhutto made another big mistake of using Islam as a political tool. Till 1971, the politics in Pakistan were and until now are under the tight grip of the military

Zia's policies primary agenda of full-fledged Islamisation. This was quite visible in the overall state of affairs, a series of sharia laws were imposed that restricted men and women individual liberties, tourism and the economy got affected..
All these "programs and reforms" led to a decline in the importance of education which impacted economic development.

Zia's administration dragged Pakistan back by many decades. An entire generation of children were taught radical Islamic values. Under the heavy influence of Islamic clergy. Even the textbooks in Pakistani schools were rewritten to promote this ideology. In fact, by the end of his regime, Pakistan was battling its worst economic crisis since independence.

After the departure of Zia came smaller but deadly series of unfortunate events, 2nd grade fail nawaz and Zardari baba plus 40+ 40 thieves in charge of our country.

I have given the reasoning behind Pakistan's bad economic performance of the past, having said that good for Bangladesh to improve her economy, nothing wrong with that, but to compete with Pakistan is totally unfair at the moment...

 

[War Thunder]

Let's be practical, PML's tenure was golden when compared to PPP's tenure and PPP's tenure was golden when compared to PTI's tenure (so far). And I say this being as neutral as I can ever be.

It does appear that the Military is pulling all her cards to work around the failures of PTI Government and is bringing in all kinds of investments, which it was blocking during PML's tenure. Let's see where it all takes us.

Let's be even more practical.
You're not being neutral here, but either misinformed/deluded, or using a biased mind.
That's the problem.
You are assuming and making things up which you have no idea about yet.

The military gives little shit about whose government it is, the military does what is better for the country. Did they stop fighting your shit *** enemies when it was PMLN? or did they not go and make things work for the PMLN even when they were doing everything to destroy the country?

Stop being disillusioned and a victim of propaganda and start seeing things "objectively".
And for that you need to use something called "own brain", instead of borrowing stuff from others be it news or articles and people around.

The difference is this government is also working for the better of the country and hence on the same page with military.

 

[TopCat]

no, people in BD have little hearing power. How about increasing the number of your SEZs to 500 instead of a mere 200, but some without power, some without gas, some without tel/fax line, some without water supply, and some without access? The result is zero. This is what is happening.

Do you need a plot in SEZ. Let me know ... I will help you out if you have money...
Or even if you want to setup a factory outside of SEZ and you have problem getting anything after paying or ready to pay then you can let me know too...
Just don't bull$hit around and expect other people will develop your country and you enjoy the fruits with clean air and water and high paying job in dollars.

 

[CHACHA"G"]

@Slav Defence , Sir as you can see I contributed positively in this thread ……..
But I like to point out one FACT...…. Just look at thread title!!!!!!!!!!! Does OP have to do that?????? This is simply provocation ………….. even bd member @Al-Ansar noted that (post #20)….
@The Eagle , @Horus , @Dubious ,

 

[TopCat]

@Slav Defence , Sir as you can see I contributed positively in this thread ……..
But I like to point out one FACT...…. Just look at thread title!!!!!!!!!!! Does OP have to do that?????? This is simply provocation ………….. even bd member @Al-Ansar noted that (post #20)….
@The Eagle , @Horus , @Dubious ,

Bangladesh beating 2nd biggest country in S.Asia in economy is a news indeed to reckon with. What is your problem.

 

[Neptune_]

Do you really think Bangladesh is a prosperous country only because its GDP has superficially surpassed only because of Pak Rupee due to a large burden of foreign loan? At least, modify Dhaka New Market and Balaka from becoming dirtier before you talk about progress and prosperity.

Dear Blue sky, its quite evident from ur post u have severe anger management problem. Its not good for ur health (both psychological and physical) , keep that in mind.

Now coming back to ur remark about new marker/balaka or the overall condition of Dhaka as a mega city, I don't disagree with u. Dhaka isn't an ideal mega city to live in. As a matter of fact those of us who live here knows it better than expat like u.

But it has very little to do with the overall performance of Bangladesh as an economy. Do u really think it is that easy to fix an unplanned city like Dhaka within 10/15 years? Even if government pours billions of dollars into it will take years to take effect.

You have not seen a prosperous country in your life. Go out of that ghetto country where its Capital remains in deep dirty rainwater for six months a year to see the real world. At least go to Bangkok or Singapore.

Don't assume too much bro. Perhaps I have seen more prosperous countries than u will ever see. But that's not the point here.

Again, do u know the number of people living in Dhaka city. There r many countries that do not even have half of the population that Dhaka has as a city.

Water clogging is very common in overpopulated and unplanned cities like (Mumbai, Dhaka), especially if u consider the nature of the citizens of these cities (who throw everything on the streets and roadside drains.)

Since we r economically doing great, soon there will be cities in Bangladesh that will be built from the scratch. But then again, all these will need time.

Hasina is taking BD to a station where Pakistan has already reached. Pakistan's foreign loan is $96 billion and BD's $45 billion. So, what do you expect ahead of your Golden Bangladesh?

U know, I consider u a good poster. Really don't expect this type of laughable statement from u.

Bangladesh is one of best performing economies in the world which has a very low external dect to GDP ratio. It's hilarious to see the way u compared Pak with BD. Pakistan is a defaulter which failed to repay its loan. HENCE, wb/imf forced it to depreciate its currency against Dollar.

How did u manage to find similarities between Pak and BD economy is beyond me. Even India has close to 70% debt to gdp ratio. But that doesn't necessarily mean economically both of these counties r performing at the same level.

India, just like Bangladesh generates enough money to repay those loans while pak needs to take loan from one country to repay the loans they have taken from some other countries. Just because we have taken 45 billion dollar loan doesn't necessarily mean we r following the same route of Pakistan.

Ur concern would've made sense if we failed to make our repayment. As I said in some other thread, govt has started quite a few megaprojets. We r taking loans to keep those projects functional.

Once they get finished they will generate enough money to repay those loans.

@UKBengali, @bluesky

 

[War Thunder]

But, how come Pak folks buy 200K new cars and 2m new motor bikes per year; whereas BD has only 350K cars and 1.6m motor bikes in total!!!! And, how come Pak flies 400 fighters, but BD can’t provide fuel even for regular training for trainer jets?!? Some staffs aren’t matching up...

According to the Pak public accountants, 70% of her transactions are undocumented/unregulated/untaxed etc.!!! The riddle lies there...

Pakistani economy is far bigger than its revealed.
Thats the real secret.
Otherwise people can wonder how we are able to afford all the gadgetry we have, all the missiles and nukes and everything. How we are able to research and develop systems which oil rich nations like Iran and even indians have a hard time coming up with. Yes, we get help but it's not always that easy.
Even plenty of our weaponry is kept under the wraps.

I still remember I was in School when the army sealed of our area (about a hundred km's from Kahuta Research Laboratories) as they were testing a radiation emitting based weapon (non explosive) on the wilderness and it ended up killing all the vegetation in its targeted area)

 

[CHACHA"G"]

Bangladesh beating 2nd biggest country in S.Asia in economy is a news indeed to reckon with. What is your problem.

Have I said any thing to you???????? What is your problem??????????? Come out of Pakistan phobia ….. Let mods do there job.
This is the article show me where it says what OP typed in (Thread title) ……. Even title of article is not what OP used.
Bangladesh 41st largest economy in 2019: Study

Forecasted to become 24th by 2033

Bangladesh has been ranked 41st among the largest economies in the world in 2019, up from the 43rd position since last year, according to an analysis by a UK based think tank.

With United States in the top of the table, China, Japan, Germany and India take the lead as the top five economies, the analysis says.

Like many of the Asian countries, Bangladesh is set to witness a significant economic growth in the next 15 years as the World Economic League Table, published annually by the Centre for Economics and Business Research, or CEBR, in London, forecasts the country will gradually climb up to 36th position by 2023, 27th by 2028 and 24th by 2033.

"We expect annual rates of GDP growth (in Bangladesh) to average 7.0% between 2018 and 2033. This will see the country climb 19 places in the World Economic League Table to become the world’s 24th largest economy by 2033," said the 10th edition of CEBR report published in December last year.

According to it analysis, Bangladesh has benefitted from garments exports, strong increase in remittances, duty free access to the Indian market, domestic consumption expenditure, government spending.

"Around 43% of Bangladeshis work in the agriculture sector, mostly producing rice and jute. Maize, vegetables and wheat play a smaller albeit growing role in the country," it said.
But the country "runs the risk of negating gains from its successful export sector through its growing appetite for imports. The current account tipped into a deficit in 2017, and this is expected to widen in 2018," it added.

The government will also need to explore options on how to increase revenues in order to finance upgrades for infrastructure while maintaining the social safety net, it said.

The country is further grappling with the Rohingya refugee crisis.

Meanwhile, CEBR predicts that three of the top five global economies by 2033 will be Asian, with China in top position, India third and Japan fourth. The US will be second and Germany fifth.
Other Asian economies will rise during this period, with South Korea becoming the 10th-largest, Indonesia (12th), Thailand (21st), the Philippines (22nd), and Malaysia (25th), all making the top 25.

"Despite global uncertainty and tightening in US monetary policy, which have pushed down some of the emerging market currencies, the 21st century is still likely to be the Asian century," said Douglas McWilliams, CEBR deputy chairman and founder.

China is now the world's second-largest economy, while its per capita income is still only about one-fifth of the average in areas with high incomes.

With the US economy growing faster than expected, the stage at which China takes over top spot has been put back two years from 2030, which was forecast by the World Economic League Table in 2017.

 

[Mage]

Bangladesh is one of best performing economies in the world which has a very low external debt to GDP ratio.

While this is true, the point @bluesky raises is a very valid one too. We ought to be cautious about increasing debt. Look where reckless borrowing have taken Pakistan to.

BD needs to improve it's credit rating ind increase market cap. And most importantly increase industrial output.

 

[Black_cats]

Bangladesh beating 2nd biggest country in S.Asia in economy is a news indeed to reckon with. What is your problem.

@CHACHA"G" is not matured enough to have open discussion in this forum. Such a big news seems provocation to this little guy.

 

[TopCat]

While this is true, the point @bluesky raises is a very valid one too. We ought to be cautious about increasing debt. Look where reckless borrowing have taken Pakistan to.

BD needs to improve it's credit rating ind increase market cap. And most importantly increase industrial output.

You wont be able to borrow beyond your means as nobody going to give you that money.
PK problem is not debt but current account deficit which it is trying to cover by borrowing.

 

[Black_cats]

Have I said any thing to you???????? What is your problem??????????? Come out of Pakistan phobia ….. Let mods do there job.
This is the article show me where it says what OP typed in (Thread title) ……. Even title of article is not what OP used.
Bangladesh 41st largest economy in 2019: Study

Forecasted to become 24th by 2033

Bangladesh has been ranked 41st among the largest economies in the world in 2019, up from the 43rd position since last year, according to an analysis by a UK based think tank.

With United States in the top of the table, China, Japan, Germany and India take the lead as the top five economies, the analysis says.

Like many of the Asian countries, Bangladesh is set to witness a significant economic growth in the next 15 years as the World Economic League Table, published annually by the Centre for Economics and Business Research, or CEBR, in London, forecasts the country will gradually climb up to 36th position by 2023, 27th by 2028 and 24th by 2033.

"We expect annual rates of GDP growth (in Bangladesh) to average 7.0% between 2018 and 2033. This will see the country climb 19 places in the World Economic League Table to become the world’s 24th largest economy by 2033," said the 10th edition of CEBR report published in December last year.

According to it analysis, Bangladesh has benefitted from garments exports, strong increase in remittances, duty free access to the Indian market, domestic consumption expenditure, government spending.

"Around 43% of Bangladeshis work in the agriculture sector, mostly producing rice and jute. Maize, vegetables and wheat play a smaller albeit growing role in the country," it said.
But the country "runs the risk of negating gains from its successful export sector through its growing appetite for imports. The current account tipped into a deficit in 2017, and this is expected to widen in 2018," it added.

The government will also need to explore options on how to increase revenues in order to finance upgrades for infrastructure while maintaining the social safety net, it said.

The country is further grappling with the Rohingya refugee crisis.

Meanwhile, CEBR predicts that three of the top five global economies by 2033 will be Asian, with China in top position, India third and Japan fourth. The US will be second and Germany fifth.
Other Asian economies will rise during this period, with South Korea becoming the 10th-largest, Indonesia (12th), Thailand (21st), the Philippines (22nd), and Malaysia (25th), all making the top 25.

"Despite global uncertainty and tightening in US monetary policy, which have pushed down some of the emerging market currencies, the 21st century is still likely to be the Asian century," said Douglas McWilliams, CEBR deputy chairman and founder.

China is now the world's second-largest economy, while its per capita income is still only about one-fifth of the average in areas with high incomes.

With the US economy growing faster than expected, the stage at which China takes over top spot has been put back two years from 2030, which was forecast by the World Economic League Table in 2017.

Look at comment 2. Pakistan is now 44th position means Bangladesh has overtaken Pakistan’s position as second largest economy. If you find provocation even in a logical thread you better go to some other place to fulfill your ego. This place is for matured people not immatured people who can participate in open discussion and has the ability to listen both good and bad of their likings.

 

[CHACHA"G"]

@CHACHA"G" is not matured enough to have open discussion in this forum. Such a big news seems provocation to this little guy.

Yes it is...…. If mods can ban Pakistani members , and changing not allowed in thread titles….
Why you so upset...……. I am happy for BD...…. best of luck...……
Let mods change the thread title to original one...… Haters like you cannot put hate in BD and Pakistan by misleading titles. ..
@Slav Defence , @Horus . Dear mods you guys have to figure this member out …… And please fix thread title to original...… So people can say good thing about BD instead trolling each other.

 

[Mage]

You wont be able to borrow beyond your means as nobody going to give you that money.
PK problem is not debt but current account deficit which it is trying to cover by borrowing.

There are countries which borrowed more than what they can pay back. Pakistan or Sri Lanka.
How did Pakistan managed to borrow beyond it's means? And trade deficit is a concern for BD too.

 

[Black_cats]

Yes it is...…. If mods can ban Pakistani members , and changing not allowed in thread titles….
Why you so upset...……. I am happy for BD...…. best of luck...……
Let mods change the thread title to original one...… Haters like you cannot put hate in BD and Pakistan by misleading titles. ..
@Slav Defence , @Horus . Dear mods you guys have to figure this member out …… And please fix thread title to original...… So people can say good thing about BD instead trolling each other.

Thread title is perfact - Bangladesh has overtaken Pakistan as second largest economy in South Asia and 41st in the world. If you can not digest it close this thread and go some other thread. This is big news for angladesh.