Bangladesh heading for fastest economic growth in FY17

[Flynn Swagmire]

Open up the rankings and see where BD is rated w.r.t sub-saharan countries in each one. Proof is all there.

Everything else proof-wise extends from that.

Man, you talk and claim alot. Just prove that BBS is a data fudger as your previous claim. And give me facts not theory...

 

[Michael Corleone]

Wrong. Living standards are a lot better in India and Pakistan overall compared to Bangladesh.



Per capita income accounting is different from country to country. Hence you need to find a common standard such as the IMF and world bank to report them.....and appreciate the major drawback of nominal in the first place (hence why they are not used in the HDI calculation for example).

@Khan_21 @LA se Karachi



OK I see you already posted reply like mine. Good job bro.



Yup I am sure every Bangladeshi converts their paycheck into USD and buys everything according to US price levels

======================

EDIT:

Found the last major time I went over with La se karachi and cpl BD trolls the silliness of randomly quoting figures from different standards when it comes to GDP/GNI/NNI etc

https://defence.pk/pdf/threads/indias-per-capita-income-rises-7-4-to-rs-93-293.454395/

Well I have to buy USD with KWD and I profit all the time no matter what....
I use the usd to buy UAH in ukraine and since people earn so less here and everything is cheaper too... I am like a rich dude with less money spent

 

[UKBengali]

@Nilgiri what is your problem? I mean in every threads of BD forum i find your shitty comments. It seems 24/7 u think about BD, may be in ur sleep u also dream about BD all night lol.. no one invites you... stop too much caring and 'jealousgiri' on BD

He cannot take BD overtaking India despite having 24 less years of independence.

 

[Homo Sapiens]

overtaking in what regard? economic posture? military? HDI rankings? total FDI per year?

just try to become 1 trillion US dollar economic club than talking about overtaking India

You seems to have issues with Bangladesh overtaking India? Bangladesh can't overtake India in aggregate term due to the fact that India is 8 times larger country than Bangladesh.But In per capita term BD already have overtaken India in many respect and may overtake in other indicators in future.Why it bother to you as an Indonesian?

 

[Mage]

You seems to have issues with Bangladesh overtaking India? Bangladesh can't overtake India in aggregate term due to the fact that India is 8 times larger country than Bangladesh.But In per capita term BD already have overtaken India in many respect and may overtake in other indicators in future.Why it bother to you as an Indonesian?

In PDF everything bothers everyone.

 

[Great Sachin]

Lets wait for the 100 SEZ and 20 high tech park kicks in. All the nay sayers will run away from pdf with severe heart burn.
Its time for another base year update from 2005 to 2015.


200 billions are considered major big economies.

I dont mind if you think so...

 

[TopCat]

He cannot take BD overtaking India despite having 24 less years of independence.

We actually have 250 less years of independence. After the capital transferred to kolkata we only had to move downhill whereas India was progressing under biritish raj. By the time Brits left India, they left it as the most advanced country after europe and america whereas they left us as the poorest country in the world. in 1947 the biggest city we got is only 12 square mile of area and a tiny factory Mohini textile in kustia. Since then we built few of the worlds biggest city with intensive manufacturing industries. Our per capita income already surpassed India and per capita GDP will also surpass in few years.
@bluesky can shed more light on that and @Nilgiri can blabber on it.

overtaking in what regard? economic posture? military? HDI rankings? total FDI per year?

just try to become 1 trillion US dollar economic club than talking about overtaking India

You wont understand this.

 

[bd_4_ever]

Except HDI Bangladesh just can't overtake soon to be most populous country on earth India in your mentioned terms. And as a matured male/female/shemale you should know that.

I see what you did there.

 

[Flynn Swagmire]

I see what you did there.

 

[idune]

Bangladesh economy is "growing" so "fast" that just in 3 months default bank loan increased by $1.4 billion. Now waiting for ape dance from awami cheer leading group.

Tk 11,286 crore [$1.4 billion] more in defaulted loans in Q1
Published: 23:13, May 16,2017

The defaulted loans in the banking sector rose by Tk 11,236.68 crore in just three months (January-March) of this year, according to the latest central bank data.

An expert and Bangladesh Bank officials said that the banking sector would face a vulnerable situation soon if the existing upward trend in the classified loans continued.

According to the BB data released on Tuesday, the amount of defaulted loans in the banking sector stood at Tk 73,409 crore as of March 31, 2017, rising from Tk 62,172.32 crore as of December 31, 2016.

BB officials said that the amount of defaulted loans in January-March of 2017 had increased significantly compared with that in the same period a year ago as the central bank had recently unearthed a number of financial scams in different commercial banks.
The defaulted loans increased by Tk 8,040.22 crore to Tk 59,411.44 crore as of March 31, 2016 from Tk 51,371.22 crore as of December 31, 2015, the BB data showed.
The BB has recently appointed observers to two banks – NRB Commercial Bank and AB Bank — as it found huge irregularities in the banks.
The central bank will be forced to appoint observers to more banks if the rising trend in defaulted loans persists in the coming days.
The defaulted loans stood at 10.53 per cent of the total outstanding loans of Tk 6,97,001 crore in the banking sector as of March 31, 2017. The defaulted loans were 9.92 per cent of the total outstanding loans of Tk 5,98,648.21 crore as of March 31, 2016.
Former interim government adviser Mirza Azizul Islam told New Age on Tuesday that financial stability in the banking sector would decrease more if the banks failed to curb the upward trend in the defaulted loans.
He said, ‘The excessive defaulted loans will create risky situation for the depositors. So, the authorities concerned should take immediate measures to control the non-performing loans in the interest of the whole financial sector.’
The BB, the finance ministry and the law ministry should take a joint initiative to decrease the defaulted loans, he said.
The huge defaulted loans have already put an adverse impact on the good borrowers as they have to count higher interest rate due to the non-performing loans in the banking sectors, he said.
The BB data showed that defaulted loans in the six state-owned banks — Sonali, Janata, Agrani, Rupali, BASIC and Bangladesh Development Bank — increased by Tk 4,691 crore to Tk 35,716 crore as of March 31, 2017 from Tk 31,025 crore as of December 31, 2016.
The non-performing loans in the private commercial banks rose by Tk 6,670 crore to Tk 29,727 crore as of March 31, 2017 from Tk 23,057.07 crore as of December 31, 2016.

The defaulted loans in the two specialised development bank — Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank — posted an unchanged NPL amount of Tk 5,684 crore between December 31, 2016 and March 31, 2017. The specialised development banks usually submit their defaulted loan figures after every six months.

The defaulted loans in the nine foreign commercial banks, however, decreased to Tk 2,282 crore as of March 31, 2017 from Tk 2,405.30 crore as of December 31, 2016.
https://defence.pk/pdf/threads/tk-11-286-crore-1-4-billion-more-in-defaulted-loans-in-q1.496184/

 

[Mage]

Bangladesh economy is "growing" so "fast" that just in 3 months default bank loan increased by $1.4 billion.
https://defence.pk/pdf/threads/tk-11-286-crore-1-4-billion-more-in-defaulted-loans-in-q1.496184/

How much is BD's GDP per capita now? It was around 490 USD when BNP left in 2006. I guess now it has declined to 150-200 USD right?

 

[bluesky]

Bangladesh economy is "growing" so "fast" that just in 3 months default bank loan increased by $1.4 billion. Now waiting for ape dance from awami cheer leading group.

Dear @idune, please understand every strong economy of today has come through the slippery path of default loans in the past. Even after BD becomes a little more stronger, this default problem will not go away. It is a part of economic development process. So, please do not hate BD as if you are a born Indian.

 

[Bilal9]

I see what you did there.

Kirey bhai, ek kothai tarey Hizra banai dila?

Nilgiri said:
"Your institutional quality is about the same level as subsaharan africa".

@Nilgiri, please read to know which big power lives a worse life than Sub-Sahara countries. The 5th rated the Guardian reported the article. Read and enjoy your coffee, please. Coffee is a good stabilizer of mind.

More of world's poor live in India than in all sub-Saharan Africa, says study
New UN index replaces simpler method of calculation
Jason Burke in Delhi

Wednesday 14 July 2010 00.05 BSTFirst published on Wednesday 14 July 2010 00.05 BST

There are more poor people in eight states of India than in the 26 countries of sub-Saharan Africa, a study reveals today.

More than 410 million people live in poverty in the Indian states, including Bihar, Uttar Pradesh and West Bengal, researchers at Oxford University found. The "intensity" of the poverty in parts of India is equal to, if not worse than, that in Africa.

When the vast central Indian Madhya Pradesh state, which has a population of 70 million, was compared with the Democratic Republic of the Congo, the war-racked African state of 62 million inhabitants, the two were found to have near-identical levels of poverty.

The study is based on an innovatory "multidimensional poverty index", or MPI, developed by specialists at Oxford. To be used for the first time in the authoritative and influential United Nations Human Development Report when it is published this autumn, it will replace a simpler method of calculating poverty introduced over a decade ago.

The index uses 10 major variables including access to good cooking fuel, schooling, electricity, nutrition and sanitation. "[It] is like a high-resolution lens which reveals a vivid spectrum of challenges facing the poorest households," said Dr Sabina Alkire, director of the Oxford Poverty and Human Development Initiative and a co-developer of the index. "Before, you might know a person was poor but did not know if their children went to school, if they had a floor or if they cooked on wood."

The survey found that in Madhya Pradesh poverty levels were higher because of malnutrition. In Congo, access to schooling was a problem.

The study's conclusions will reinforce claims that distribution of the wealth generated by India's rapid economic growth – recently around 10% year on year – is deeply unequal. The prime minister, Manmohan Singh, has repeatedly said he wants to see "inclusive" development.

Poverty has long proved difficult to define. The World Bank bases its definition on household income and estimates that a quarter of the developing world lives on $1.25 (85p) a day or less. However, relying simply on money "excludes everything that is outside the cash economy and doesn't look at issues such as housing [or] access to safe water" said William Orme, a spokesman for the United Nations Development Programme in New York. "The new index gives us a much fuller portrait."

To compile the index, researchers analysed data from 104 countries with a combined population of 5.2 billion, 78% of the world total. About 1.7 billion – a third - live in multidimensional poverty, they found. This is 400 million more than are estimated by the World Bank to be in "extreme" poverty. The new index is also designed to track variations within countries much better. So while the poverty rate is more than 80% in the rural state of Bihar, it is about 16% in the southern state of Kerala.

Some countries have dropped steeply down the poverty rankings in the new list. Turkey, Egypt, Pakistan and Morocco were found to have much more poverty under the new index than when using simple household income. Others, such as Tanzania, Nicaragua, Uzbekistan, Vietnam and China were found to have less. China was ranked 46 out of 104, three places behind Brazil. India came in 63rd, just after Togo but ahead of Haiti.

"In many cases, it is probably linked to previously high levels of social investment," Alkire said. "It shows that a low per capita GDP income doesn't necessarily mean high poverty."A second index to gauge poverty in developed nations is now planned.

Bangladesh story is the subject of articles and studies by Nobel Laureates.....


Is It Better to Be Poor in Bangladesh or the Mississippi Delta?

 

[idune]

Dear @idune, please understand every strong economy of today has come through the slippery path of default loans. Even after BD becomes a little more stronger, this default problem will not go away. It is a part of economic development process. So, please do not hate BD as if you are a born Indian.

Business defaults on loan on such massive scale happens when economy is in trouble not in good time. Looks like awami cheer leading clowns still thinks screaming lie will mask their liar credential. Hating awami league and its anti Bangladesh and destructive act is not against Bangladesh but for Bangladesh. It futile for indian awami league dalas to hide behind "Bangladeshi" identity.

looks like no one listened to "fastest economic" growth lie from awami league cheer leading echo chamber and clowns. Market went down taking real economic danger into account.

Dhaka stocks back to red on defaulted loans reports
Published: 23:12, May 17,2017

Dhaka stocks on Wednesday went back to negative territory again as banking sector shares dropped on news reports about rising defaulted loans.
DSEX, the key index of Dhaka Stock Exchange, declined 0.11 per cent or 6.01 points to finish at 5,429.66 points on Wednesday.
The index gained 7.62 points on Tuesday amid bargain hunting after a seven-day bear run.
Market operators said that news reports about the rise in defaulted loans by over Tk 11,000 crore in three months dampened the mood of the investors.

http://www.newagebd.net/article/15791/dhaka-stocks-back-to-red-on-defaulted-loans-reports

- See more at: http://www.newagebd.net/article/157...-defaulted-loans-reports#sthash.WpUre3tH.dpuf

 

[UKBengali]

Business defaults on loan on such massive scale happens when economy is in trouble not in good time. Looks like awami cheer leading clowns still thinks screaming lie will mask their liar credential. Hating awami league and its anti Bangladesh and destructive act is not against Bangladesh but for Bangladesh. It futile for indian awami league dalas to hide behind "Bangladeshi" identity.

looks like no one listened to "fastest economic" growth lie from awami league cheer leading echo chamber and clowns. Market went down taking real economic danger into account.

Dhaka stocks back to red on defaulted loans reports
Published: 23:12, May 17,2017

Dhaka stocks on Wednesday went back to negative territory again as banking sector shares dropped on news reports about rising defaulted loans.
DSEX, the key index of Dhaka Stock Exchange, declined 0.11 per cent or 6.01 points to finish at 5,429.66 points on Wednesday.
The index gained 7.62 points on Tuesday amid bargain hunting after a seven-day bear run.
Market operators said that news reports about the rise in defaulted loans by over Tk 11,000 crore in three months dampened the mood of the investors.

http://www.newagebd.net/article/15791/dhaka-stocks-back-to-red-on-defaulted-loans-reports

- See more at: http://www.newagebd.net/article/157...-defaulted-loans-reports#sthash.WpUre3tH.dpuf

Let us look at hard facts now.

The 7th National Pay Scale as set in 2009 and the 8th National Pay Scale was set in 2015.
In 6 years, the salary of government employees doubled. Inflation over the 6 years was 58%.
That means in real terms pay increased by 40% - if that is not proof of a rapidly growing economy then nothing
will convince you.