Bangladesh beats India in per capita income

[UKBengali]

CNN International, he said Bangladesh current problem is due to India policy to stop the vaccines, this become very problematic to Bangladesh since Bangladesh previosly only focus on one shot vaccinations program while the second shots vaccination is not yet being done.

I wonder whether the first shot program will be a waste if the second shots is conducted much longer than it should be

@UKBengali

Astrazenika

With AstraZeneca it does not matter too much as the 2nd shot can be given at 12 weeks apart. There is no evidence that the high immunity wanes after 12 weeks and so it may not matter too much if a longer time period has elapsed before the 2nd shot.

BD is trying to get 4 million doses from the USA and the Indians may resume exports early next month but BD still has a 4 - 6 week window for it to find more AstraZeneca doses.

 

[Daghalodi]

Congrats Bangladesh!!

 

[Black_cats]

Bangladesh surpasses India on per capita income

Bangladesh’s per capita income is now $2,064, $280 higher than India’s $1,947

Bangladesh surpasses India on per capita income - The Tribune

Kolkata, May 21 Once described as a “bottomless basket” by US Secretary of State Henry Kissinger, Bangladesh is fast emerging as a bull economy, outpacing giant neighbour India in many indices of economic or human development. Bangladesh Planning Minister M.A....

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Updated At: May 21, 2021 07:54 PM

Photo credit: iStock
Kolkata, May 21

Once described as a “bottomless basket” by US Secretary of State Henry Kissinger, Bangladesh is fast emerging as a bull economy, outpacing giant neighbour India in many indices of economic or human development.

Bangladesh Planning Minister M.A. Mannan informed the country’s cabinet this week that the per capita income of Bangladesh has now increased from $2,064 to $2,227.

Bangladesh’s per capita income is now $280 higher than India’s $1,947.

“Our per capita income stands at $2,227 in the fiscal year 2020-21 against the previous fiscal year’s per capita income was $2,064. So, the growth rate is 9 per cent,” Bangladesh’s Cabinet Secretary Khandker Anwarul Islam told IANS.

In 2007, the per capita income of Bangladesh was half of that of India but it will overtake the giant neighbour in per capita GDP once again in 2025 if IMF’s latest World Economic Outlook is to be believed.

But what pleases Bangladeshis more is that they have left Pakistan far behind—a sort of sweet revenge for the genocide of 1971 in which three million Bengalis died and quarter of a million women were dishonored by the brutal Pakistan army trying to suppress the Bengali liberation struggle.

“My father Bangabandhu Sheikh Mujibur Rahman took the right decision to break away from Pakistan in 1971. See where they are and where we are today,” PM Sheikh Hasina told journalists recently.

Former Bangladesh Information and Telecom Minister Tarana Halim said: “Pakistan is a sinking ship because it developed a military-driven defence budget focused economy with substantial terror financing burden. Once the Awami League took charge in 2009, our leader Hasina focussed on human and economic development with strong trickle-down impacts.

We have a stable civilian government and has benefited from good relations with India”.
She rubbished some Western analysts who give micro-credit NGOs all credit for the country’s entire development success.

“Micro-credit NGOs don’t invest in health and education, infrastructure and connectivity which are the real drivers of growth. Our government invested heavily in these areas and the country is now reaping the benefits,” Halim told IANS.

Halim also said foreign remittances have grown into a strong pillar of Bangladesh with inflow of nearly $3500 million expected in 2021.

“That is possible because our government has streamlined labour exports. We crack down hard on illegal migration because those who illicitly go abroad don’t send back remittance,” said Halim, rubbishing charges by Indian Home Minister Amit Shah that Bangladeshis come to India because they don’t have enough food at home.
“We have achieved food security and a few hundred thousand Indians work in Bangladesh,” she said. —IANS

 

[lonelyman]

Bangladesh beats India in per capita income

Express News Service | Published: 20th May 2021 10:02 AM

For representational purposes


NEW DELHI: India has technically slipped below Bangladesh in terms of per capita income as the neighbouring country reported its per capita income at $2,227 in the financial year 2020-21— over 9 per cent jump from $2,064 in 2019-20. Latest official data show that India’s per capita income reached $1,947.417, thanks to the sharp contraction in the economic growth due to Covid-19 pandemic and the subseqent nationwide lockdown.

Planning Minister of Bangladesh MA Mannan placed the statistics at a virtual cabinet meeting held with Prime Minister Sheikh Hasina in the chair, reported the national dailies in Bangladesh. “Our per capita income stands at $2,227 in the fiscal year 2020-21, but the previous fiscal year’s per capita income was $2,064. So, the growth rate is 9 per cent,” the Bangladesh cabinet secretary was quoted as saying.

“It’s merely a temporary phenomenon. Bangladesh is more a destinationation of labour intensive exports but that can’t keep on driving the growth engine faster than India’s. Once the pandemic recedes these will crank up growth. I would put it as more of a statistical anomaly and of course India shooting on its feet with some useless policies. But this will come to pass,” an economist working with a foreign financial service firm said on the condition of anonymity.

When the World Economic Outlook data was released by the International Monetary Fund in October last year, it had also projected Bangladesh to surpass India in terms of per capita GDP (at current prices) in dollar terms in 2020. That time, too, it had sparked a row.

Bangladesh beats India in per capita income

NEW DELHI: India has technically slipped below Bangladesh in terms of per capita income as the neighbouring country reported its per capita income at $2,227 in

www.google.com

Congrats, Bangladesh is on track to be next Singapore in South Asia

 

[UKBengali]

Congrats, Bangladesh is on track to be next Singapore in South Asia

Thanks but let us see this going for another 20-25 years before we even think about BD being the next Singapore one day.

At this moment if BD can reach "middle-income" status by 2035-2040 then that would be good.

 

[VikingRaider]

BD is trying to get 4 million doses from the USA and the Indians may resume exports early next month but BD still has a 4 - 6 week window for it to find more AstraZeneca doses.

Okay ,what if Bangladesh can't manage 15 lakh second does of AstraZeneca even in 12 weeks? What's your suggestion then?

There are already people who passed 2.5 months after taking first dose and still.dong get the second dose!

চট্টগ্রামে টিকার অপেক্ষায় লক্ষাধিক মানুষ

চট্টগ্রামে কোভিড-১৯ প্রতিরোধী ভ্যাকসিনের প্রথম ডোজ নেয়া লক্ষাধিক মানুষ টিকার অপেক্ষায় রয়েছেন। গত এক সপ্তাহের বেশি সময় ধরে চট্টগ্রামে দেখা দিয়েছে টিকার এ সংকট। পর্যাপ্ত মজুত না থাকায় বর্তমানে শুধু অগ্রাধিকারপ্রাপ্ত ও ফ্রন্টলাইনারদের টিকা দেয়া হচ্ছে। ফিরিয়ে দেয়া হচ্ছে বাকিদের। টিকা না পাওয়ায় অনেকে...

www.jugantor.com

@UKBengali

 

[FairAndUnbiased]

Congratulations to Bangladesh. Understand that you still have a long way to go because the easy part is over.

 

[mazeto]

This is pathetic.. Two of the poorest countries in the world in a bragfest @ 2000$USD. Folks there are countries with gdp 50k $USD without this much chestbeating.

 

[hydrabadi_arab]

covid is,killed millions,across the globe including 500000 in usa the richest country in the world
that is does not change pak status as the poorest county in South Asia officially

Sure every country have covid deaths but only 1 country despose dead like animals because they cannot afford $200 to pay. But but look at measly 20% higher GDP per capita then Pakistan lol It means your GDP is concentrated in fewer hands and inequality is rampant.

 

[Maira La]

Sure every country have covid deaths but only 1 country despose dead like animals because they cannot afford $200 to pay. But but look at measly 20% higher GDP per capita then Pakistan lol It means your GDP is concentrated in fewer hands and inequality is rampant.

With a GDP/capita of only $1877, they have the world's 3rd highest number of billionaires which means all wealth is concentrated in few hands and the rest live like animals.

 

[The Maverick]

With a GDP/capita of only $1877, they have the world's 3rd highest number of billionaires which means all wealth is concentrated in few hands and the rest live like animals.

we have more shopping malls more airports
sell more phones and computers have more 4x4 vehicles on our roads by a factor of 10 than pakistan
why because we have 300 million middle class
your talking out your arses again which explains why pakistan is the poor man of South Asia officially now ..
all you have is consumed envy and lies and desperation

 

[Bilal9]

we have more shopping malls more airports
sell more phones and computers have more 4x4 vehicles on our roads by a factor of 10 than pakistan
why because we have 300 million middle class
your talking out your arses again which explains why pakistan is the poor man of South Asia officially now ..
all you have is consumed envy and lies and desperation

I think having more shopping malls means squat if majority of Aam Janta can't even afford to go inside those malls. If I remember correctly - Dhaka has the largest mall per square footage in South Asia (yes even including India), so that means Bangladesh is an advance country?? It just means wealth is just concentrated in the hands of a few.

Statistics illustrated by Statista also show that between 2012 and 2017, Bangladesh has emerged as the country with the fasting growing numbers of so-called UHNWIs. Its ultra-rich club has grown by 17.3 percent, more than twice North America’s growth rate of 8.1 percent.

https://www.newsweek.com/new-millio...next-generation-super-rich-are-coming-1148675

Read some articles to enhance your understanding about things in your country.

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Inequality in India- Need for Inclusive Growth

Oxfam International s report titled An Economy of the 99 percent , released at World Economic Forum 2017, brought to light the income inequality issue in India.

According to the report, India's richest 1% holds 58% of the country's wealth and that 57 billionaires in India have the same wealth as that of bottom 70 percent of the population. The statistics show the status of inequality in India.

Though inequality generally brings to our mind economic and income inequalities, inequality also includes social, political and gender inequality. Inequality is felt with respect to choice, opportunity, accessibility, and affordability. India ranks 131 on Human Development Index which ranks countries based on life expectancy, education and per capita income indicators. On the Global Gender Gap Index 2017, India ranks 108. Inequality is also felt in the rural-urban scenarios.

Reasons for Inequality in India
The following can be listed as the reasons for inequality in India.

1. Historical reasons: Discrimination against certain sections of the society since historic times. This has affected their choice, opportunity, and accessibility to education, employment and health. Though policies like Reservation have been implemented since Independence, they were successful only in the economic and political sphere that too to a limited section of people but failed largely in social upliftment.
2. Females were always treated to be subordinate and weaker to males. Girl education is considered to be a burden on the family and women have limited choices in employment.
3. Large-scale informal employment: 80% of the Indian labour force is employed in the informal sector. Informal sector jobs are more insecure without regular pay and social security benefits. This increases the wage gap between formal and informal sectors.
4. A huge proportion of the population is still dependent on agriculture but the share of agriculture to the total GDP is falling.
5. Inter-state inequalities: Growth has been different across sectors and regions. For examples, Green Revolution has disproportionately benefitted Western and Southern India when compared to Eastern India.
6. Studies show that globalization and opening up the economy has benefited the rich more than the poor, thus raising the inequality. Global platforms like WTO have resulted in increased trade competitiveness affecting the returns of local investors and producers.
7. According to the paper by famous Economist Thomas Piketty, tax progressivity which is a tool to contain the rise in inequality was progressively reduced. Wage inequality dispersion also increased in many sectors, as privatizations removed government-set pay scales, which were less unequal.
8. Lack of skill development and jobless growth.

Download Inequality In India- Need For Inclusive Growth PDF

What is Inclusive Growth?
The Twelfth Five Year Plan of the erstwhile Planning Commission highlighted the desirability towards inclusive growth. The Plan highlights the objectives of inclusive growth as the following: Inclusive growth should result in lower incidence of poverty, broad-based and significant improvement in health outcomes, universal access for children to school, increased access to higher education and improved standards of education, including skill development. It should also be reflected in better opportunities for both wage employment and livelihood, and an improvement in the provision of basic amenities like water, electricity, roads, sanitation, and housing. Particular attention needs to be paid to the needs of the SC/ST and OBC population (Planning Commission 2011).

Need for Inclusive Growth in India
Inclusive growth as mentioned above is necessary for the sustainable and holistic development of all sections of the society. For economic, social and political empowerment of its citizens, Inclusive growth is indispensable to India.

The following highlight the need for India to focus more on inclusive growth:

• India is the 7th major country by area and 2nd by population. Yet, India is far away from development while our neighbour China is advancing at a faster rate to become the largest economy of the world.
• Poverty in India is at 22% according to the Tendulkar committee report.
• Low agriculture growth, low-quality employment growth, low human development, rural-urban divides, gender and social inequalities, and regional disparities etc. are the problems for the nation.
• Protests like the recent ones of Jats in Haryana, Patels in Gujarat will only rise if the issues of agriculture productivity, employment growth are not taken care of.
• Labour productivity is very low due to informalisation and poor skill development.
• Access to education and health is not the same for all sections of the population. Females are treated to be subordinate to males and are dependent on their families in all spheres. Inclusive growth is hence the key to women empowerment.
• Regional inequalities are the cause for the rise in distress migration, either intra-state or inter-state. Distress migration further creates problems of housing, accommodation, safety, hygiene, and sanitation.
• Financial Inclusion is the key to transforming the informal economy into the formal economy.
• Corruption is still rampant in the country and prevents inclusive growth.
• Political leadership plays a vital role in growth and development of the country. But implementation of many schemes is poor due to lack of political will.
• The importance of inclusive growth is indisputable for sustainable growth.
• Global warming and climate change affect poor more than the rich. Displaced population further increases distress migration and stress on state s resources.
• MDG report for India (2015) suggests that out of 18 indicators, India is on-track only in four indicators. In the rest of the indicators, India is identified as either off-track or moderately on-track . Achieving Sustainable Development Goals is not possible without concentrating on inclusive growth.

Steps taken by the government for Inclusive Growth
The government has realized the importance of inclusive growth and has taken steps accordingly. Some of the steps taken by the government are:

• Sarva Shiksha Abhiyaan
• Right to Education
• Midday meal scheme
• MNREGA
• Housing for All
• Pradhan Mantri Gram Sadak Yojana
• Pradhan Mantri Jan Dhan Yojana
• National Social Assistance Programme
• National Health Mission
• Rashtriya Swasthya Suraksha Yojana
• Pradhan Mantri Jeevan Jyothi Bhima Yojana
• Skill India, Make in India and Digital India
• Right to Information
• Other initiatives like Payment Banks, Small Finance Banks.

Conclusion
As understood from above, Inclusive growth is of vital importance to fight inequality in all aspects and promote holistic development of individuals in the country. Digital technologies like mobile phones, the internet can be harnessed for financial inclusion to address social-economic challenges of the country.

 

[Bilal9]

This is pathetic.. Two of the poorest countries in the world in a bragfest @ 2000$USD. Folks there are countries with gdp 50k $USD without this much chestbeating.

Let them beat their chests.

Little else to brag about anyways. Cathartic to a degree....

 

[hydrabadi_arab]

With a GDP/capita of only $1877, they have the world's 3rd highest number of billionaires which means all wealth is concentrated in few hands and the rest live like animals.

Yep, its $1608 vs $1877. Damn India is so rich

we have more shopping malls more airports
sell more phones and computers have more 4x4 vehicles on our roads by a factor of 10 than pakistan
why because we have 300 million middle class
your talking out your arses again which explains why pakistan is the poor man of South Asia officially now ..
all you have is consumed envy and lies and desperation

See thats why I say India inequality is rampant and GDP is in fewer hands. There was report recently that only 1% of Indians take 50% of domestic flights. Cars cost at least 3 times more in Pakistan so thats another stupid comparison. There is little need for domestic air travel in Pakistan.

India have done well managing economy in the expense of poor 80% of population that continue to live in abject poverty not seen anywhere else. When 1% is responsible for 50% of flights then using that metric again shows India GDP only benefit few. When people cannot afford $200 and throw dead bodies in rivers again exposes India.

 

[hydrabadi_arab]

sell more phones and computers

Another lie by Sanghi. Just checked and India households with pc/tablet/laptop is 11% vs 14% in Pakistan. Don't even want to mention percentage of population without toilets at home, thats getting old lol