Bangladeshi billionaires: Where art thou?

[PadmaBridge]

So New York Times says India's economic growth is uneven and only enjoyed by the country's upper strata?

but.. but.. but sir jee, bilionear mek job for everywon and mek kuntry shupapowa..

India has jobless consumption led “growth”.

Basically, money just circulates amongst the rich.

Only proven way the poor are lifted up is through an export led growth.

Pakistan is also a largely consumption led economy. Hence its poor are very poor and rich are very rich.

Consumption led growth has never ever lifted the poor. It does not work for the poor!

 

[Kyusuibu Honbu]

No they don't. Bd need to hire sox consultants to formulate policies and then force listed companies to comply. Honestly i dont think it will ever happen in bangladesh.

India has desi SOX called clause 49

Japanese were smart already got themselves J-SOX in 2006

Bangla equivalent of SEC better pull its socks up, will need good audit laws before the economic gains are lost to embezzlements

 

[PadmaBridge]

India has desi SOX called clause 49

Japanese were smart already got themselves J-SOX in 2006

Bangla equivalent of SEC better pull its socks up, will need good audit laws before the economic gains are lost to embezzlements

Hindustanis, please stop giving us advice!

We don’t want Hindu rate of growth!

When even one Hindu country becomes developed - come and talk - until then keep quiet and build toilets!

 

[Kyusuibu Honbu]

Yes but in order to solve a problem u need to acknowledge it first. Have u seen amount of personal attack i face here for pointing out the reality lol.

self reflection is lost on many from the subcontinent

 

[Kyusuibu Honbu]

Hindustanis, please stop giving us advice!

We don’t want Hindu rate of growth!

When even one Hindu country becomes developed - come and talk - until then keep quiet and build toilets!

For any anthropologists out there, above is a shonor with newly attainted intellectual acumen from textile vocational center attempting to parse information on financial audits

The shonorness of this particular specimens seems to drive its cognitive functions towards its innate coprophilic fetishes'

 

[insight-out]

Having billionares is an indicator of unequal distribution of wealth. It's not necessarily a good thing. I would take no billionares with a large middle class any day over a tiny island of super rich in a sea of desperately poor people.

 

[mmr]

India has desi SOX called clause 49

Japanese were smart already got themselves J-SOX in 2006

Bangla equivalent of SEC better pull its socks up, will need good audit laws before the economic gains are lost to embezzlements

Yes but i dont think they will. Why bother when 80 percent companies or industries of bd is basically glorified sweatshops.

See below...this is one of the few incidents actually reported...most are not...how do u expect any money manager from wall street or bay street will park money on Dhaka stock market?

Investor Hiru fined Tk2cr for market manipulation

As market manipulation allegations against Hiru ran rife, the BSEC initiated an inquiry which is now ongoing

www.tbsnews.net

 

[Homo Sapiens]

Feeding your people cowdung is not a solution.

May be this is the reason why India export so much rice and wheat in world market despite having only 300 million ton grain production for a country of 1.4 billion people. China produce 600 million ton grain for similar number of people yet need to import from other countries. Even Bangladesh produce 45 million ton grain, per capita much more than India, still need to import 6-7 million ton per year mostly wheat. It is a puzzle, how on earth India became the largest rice exporter and one of the biggest wheat exporter after feeding 1.4 billion people with meagre 300 million ton grain harvest? India is known as one of the hungriest nation in the world, boast about 166 billionaire.

 

[KaiserX]

Hindustanis, please stop giving us advice!

We don’t want Hindu rate of growth!

When even one Hindu country becomes developed - come and talk - until then keep quiet and build toilets!

Other day I was asked on this forum by a hindu which muslim country hindus are safe in... I gave him like 10 right off the top of my head... maldives, malaysia, indonesia, UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Libya, Qatar. Yet muslims are not safe in the only so called hindu majority nation in the world.

Hindus are also talking down on muslims and christians, yet why do they flock to muslim and christian countries like savage animals??? since India has so many billionaires why dont they stay in their own shithole??? Us abrahamic religions dont want anything to do with backward smelly pagans to begin with.

The day muslims have enough self respect to deport each one of these disgusting cow dung eaters will be the day glory of Islam will be known world wide. Lets start at home first.

May be this is the reason why India export so much rice and wheat in world market despite having only 300 million ton grain production for a country of 1.4 billion people. China produce 600 million ton grain for similar number of people yet need to import from other countries. Even Bangladesh produce 45 million ton grain, per capita much more than India, still need to import 6-7 million ton per year mostly wheat. It is a puzzle, how on earth India became the largest rice exporter and one of the biggest wheat exporter after feeding 1.4 billion people with meagre 300 million ton grain harvest? India is known as one of the hungriest nation in the world, boast about 166 billionaire.

These are the same people which were conquered by a few thousand foreigners, not once, not twice, but dozens of times throughout history. These people will sell their mothers/sisters for money or power. It is a part of there belief, worshipping golden cows, worshipping gods/goddesses of wealth, etc...

Thus it does not surprise me that the average indian farmer will sell what little grains they produce for $$$ rather than feed themselves, their families or even neighbors/poor first and sell what is left over.

Ingrained into their mentality.

 

[mmr]

Billionaires specifically industrialists have major role in economic development of a nation also GDP contribution

Case study South Korea
View attachment 857308

Remove Samsung, LG and Hyundai from South Korea, overnight the country would be no different from an average South East Asian nation

Excellent point.

 

[SMX 3.0]

You're ranting now.

You don't have the capacity - mentally or morally - to understand that having more billionaires means nothing for wider society.

Your ilk is brainless to understand the basics of economics or industrialization, little wonder why it remains an LDC dependent on GSP quota (read western charity) reliant RMG exports.

So New York Times says India's economic growth is uneven and only enjoyed by the country's upper strata?

Yeah the New York Times & it's opinion pieces are now the reliable source for such matters.

Meanwhile...

India's extreme poverty down by 12.3% in last decade, says World Bank

Global bank's policy research team also said poverty headcount has dropped more in rural areas than in urban.

theprint.in

But yeah I guess we need BBS' help for vetting these statistical data given by World Bank.

 

[SMX 3.0]

Hindustanis, please stop giving us advice!

We don’t want Hindu rate of growth!

Yeah here comes another low IQ specimen, named after a Bridge.

Even the very fact you thought that tiny infra project is worth naming your Avatar here for it here says a lot about the "LDCness" of your country.

Shut up & stitch more underwear.

 

[Homo Sapiens]

Having more cares have everything to do with showing off- it has nothing to do with income levels or having a sizeable middle class. Obviously.

Car is off limit for middle class in Bangladesh because of up to 500-800 percent import duty on them. On the other hand most Indians buy cheap nano car produce locally. This is not a level playing level field to compare Indian and Bangladeshi middle class one to one basis. It is a simple math that, if you double price of an already expensive good, it's sale will reduce to one-fourth because it will cross the thresh hold of buying power of a lot more consumers because income level for most middle class fall within a narrow range. Conversely, if you slash price of a good by half, middle class's purchasing power rise four fold for that good. So, you can not compare the compare the Indian and Bangladeshi middle class in a same yardstick when two consumer group are given two very different choice.

 

[Homo Sapiens]

Guess why Bangladesh have a far lower number of trucks per capita as well? That's because Bangladesh is a compassionate society which understands that shipping stuff on trucks does no good, when poor people exist in Bangladesh

Number of truck is not a good indicator either. Main thing for economics is how much goods those trucks are carrying. A truck can remain mostly idle or can make multiple trip a day. If you have any data on ton-km of goods transported for both countries, then share. It is the indicator which quantify the economic activities.

Another important thing is, a lot goods in Bangladesh are transported by waterways. India has inland navigable waterway of 14,500 km, while 21 times smaller Bangladesh area wise has 8,500 km navigable inland waterways. Entire Bangladesh is criss-crossed by hundreds of navigable rivers and a lot goods and people are transported through it. Water transportation of goods is the most cost effective among all the available mode of transportation and it plays an important part of Bangladesh's transport network.

 

[Protest_again]

Car is off limit for middle class in Bangladesh because of up to 500-800 percent import duty on them. On the other hand most Indians buy cheap nano car produce locally. This is not a level playing level field to compare Indian and Bangladeshi middle class one to one basis. It is a simple math that, if you double price of an already expensive good, it's sale will reduce to one-fourth because it will cross the thresh hold of buying power of a lot more consumers because income level for most middle class fall within a narrow range. Conversely, if you slash price of a good by half, middle class's purchasing power rise four fold. So, you can not compare the condition of Indian and Bangladeshi middle class in a same yardstick when to consumer group are given two very different choice.

lol. Nano is not even in production. google search for top 10 cars sales in India. And by the way how will you explain 8 million smarphone sales (avg cost 8000 taka) to 175 million smartphone (avg cost 17000 INR) in case of India.