India, Pakistan and Bangladesh 70 years after the British left

[Homo Sapiens]

This chart is a bullshit.Noway Bangladesh's per capita ppp even in 1990 G-K dollar is only one-third of India in 2010.By this chart Indian per capita increased by more than 5 times and Pakistan by 4 times but Bangladesh, only 2 times! When cumulative growth of Bangladesh over this 6 decades are not much behind of India and Pakistan.There is something seriously wrong in this chart.

By 2011 constant dollar, the PPP per capita of this three countries in 2010 were
IND-4,515
PAK-4,197
BAN-2,645 dollar.
Indian per capita PPP in 2010 was 70% higher than Bangladesh.In 2017, It is also 70 % higher.But actually much less due to favorable distortion in ppp calculation in case of India and unfavorable for Bangladesh as well as older economic base year calculation for Bangladesh and updated base year for India.
https://www.imf.org/external/pubs/ft/weo/2017/02/weodata/weorept.aspx?pr.x=69&pr.y=15&sy=2010&ey=2017&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,564,534&s=NGDPRPPPPC&grp=0&a=

 

[bête noire]

Why is it that the nations with the lowest GDP growth rate are the richest countries in the world, and the countries with the highest GDP growth rate in the world are the poorest countries in the world....quite ironic, and the reason is simple...

But we couldn't get to the fact that GDP growth rate doesn't trickle down and translate into the well being of a major part of the masses, even if a minuscule 3-10% of the population is getting all the privileges, GDP growth rate can be high, talking abut third world countries.

Growth rates are low for rich countries because their people are rich and have less room to grow. And Poor nations have poor population having much more room to grow their earnings and by doing so, the economy. Those rich nations you talk about didn't fall out of sky, they were poor and then grew to become rich, like in the case for SK, Japan and many European countries and those who are still poor are so because of bad government or geographical location, war or just didn't get the opportunity and so many other factors.

 

[Mage]

Why is it that the nations with the lowest GDP growth rate are the richest countries in the world, and the countries with the highest GDP growth rate in the world are the poorest countries in the world....quite ironic, and the reason is simple...

But we couldn't get to the fact that GDP growth rate doesn't trickle down and translate into the well being of a major part of the masses, even if a minuscule 3-10% of the population is getting all the privileges, GDP growth rate can be high, talking abut third world countries.

You are missing the point. Developed countries have lower growth rates because there are less room for development. Check South Korea's growth rate from 1970-2000. And check it after 2000. Check Japan's growth rate from 1960-1990. And check it after 1990. Once country is developed growth rate stagnates. See it like this. You being a stellar student managed to score 90 out of 100 in an exam. It will be very hard for you to improve from that. However I being a poor student scored 40. Now with a bit more effort I could probably score 60 thereby improving 50%.

BD started from 1971.
GDP is now growing over 7% à year.
Infrastructure is finally being built at required speed.
Korea was a US ally and had preferential access to US technology, finance and markets.
China had Taiwan and Hong Kong that provided both money and technology.
Let us not put BD down.

BD actually started after 1991. Before that it went through incompetent governance. However 7% growth rate isn't good enough. China had decades of double digit growth rate. Yet their per capita is well below developed countries.

 

[N.Siddiqui]

You are missing the point. Developed countries have lower growth rates because there are less room for development. Check South Korea's growth rate from 1970-2000. And check it after 2000. Check Japan's growth rate from 1960-1990. And check it after 1990. Once country is developed growth rate stagnates. See it like this. You being a stellar student managed to score 90 out of 100 in an exam. It will be very hard for you to improve from that. However I being a poor student scored 40. Now with a bit more effort I could probably score 60 thereby improving 50%.

Agree and concur with your views...

My point is high GDP growth rate is not translating into the well being of the masses, it is all lopsided development with increasing income discrepancies between the rich and the poor in India/Pakistan/Bangladesh.

Even a high expenditure by the government in infra structure power and such projects will results in high GDP growth rate for these countries and this is actually the reason, more than any real increase in manufacturing, in knowledge based economy, in exports etc.

So it is actually gross domestic expenditure than it is about gross domestic product growth, no real industrial growth either in these countries in LSM sector, in sectors where Taiwan, South Korea, China, has leap frogged.

Many other dimensions here....

 

[SMC]

At least they are not suffering from daily strife that you experience.

Which daily strife are you referring?

 

[PAKISTANFOREVER]

A comparison of India, Pakistan and Bangladesh on key social and economic parameters such as poverty, unemployment and child malnutrition

Manas Chakravarty


Click here for enlarge


This chart, taken from the Angus Maddison database, tells us how much per capita income has improved since independence. India has fared the best, compared with Pakistan and Bangladesh. But China, whose per capita income was lower than that of what was dirt-poor East Pakistan in 1947, is now far ahead.

The average Bangladeshi lives longer than the average Indian




Click here for enlarge


India’s superior economic performance, however, hasn’t led to higher average life expectancy. Chart 2 shows Bangladesh has a higher average life expectancy than India, in spite of being much poorer.

Inequality in India is the highest in the subcontinent






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A higher inequality might show why India doesn’t do so well on average life expectancy and several other social indicators. As the chart shows, the Gini coefficient of disposable income, a measure of inequality, is much higher for India than for Pakistan or Bangladesh. Income inequality in China is even higher, but then the pie is much larger.

Bangladeshi women have higher average incomes than their Indian counterparts




Click here for enlarge


This chart shows working women in Bangladesh do better than their Indian sisters. This could be due to Bangladesh’s position in the garments industry, which employs mainly women.

Poverty headcount higher in India




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According to this yardstick of measuring poverty from World Bank indicators, the poverty headcount in India is higher than in both Bangladesh and Pakistan. The rich, of course, will be much richer in India, thus pulling up average per capita income.

Pakistan’s terrible record in child malnutrition




Click here for enlarge


This chart shows India has a worse record than Bangladesh in child malnutrition. Pakistan’s record is terrible. Incidentally, child malnutrition in China was at 32.3% as far back as in 1990, lower than the present-day rate in the subcontinent.

Bangladesh takes better care of children




Click here for enlarge


Taken together with the preceding chart, the data show Bangladesh has done a much better job of taking care of its children.

India’s lousy jobs




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This chart shows that the proportion of people in what the UN calls ‘vulnerable employment’ is much higher in India than in Pakistan or Bangladesh. Vulnerable employment is defined as the “percentage of employed people engaged as unpaid family workers and own account workers” . This is to a large extent precarious employment in the informal sector with little or no job security or benefits.

The above is of no consequence. Pakistan was created as a safe space for a unique race of people with a unique culture and heritage. A race that is very different to that of the rest of "south Asia". Pakistan serves that purpose really well.

Also the above does not take into consideration the american imposed WOT on us since 2001 which is now starting to subside. Nor does it take into consideration the billions that are being invested in Pakistan by a global superpower with many more billions earmarked for further investments in the coming years and decades by China.

 

[N.Siddiqui]

European countries and those who are still poor are so because of bad government or geographical location, war or just didn't get the opportunity and so many other factors.

India, Pakistan, Bangladesh are not poor countries, they are rather poorly managed countries.

- If the rich people are taxed here, instead of indirect taxation on the poor masses, things will get better, a tax to GDP ratio of about 30-35% in coming years like in developed countries.

-The income discrepancy levels between the rich and the poor has to be diminished and subsequently a more plural development model need to be incorporated.

-The elitist, middle, low income level private and public different class system in education has to be ended, all the pangs of colonial system.

- Instead of giving privilege to the rich capitalist industrial class with the hope that they will provide the jobs to the masses by more industries and job creation, more investment has to be made on lower strata of the society, like investing in education, health, housing for the poor lower class which is more than 90% of the population.

-China lifted about 700 million people out of poverty in the last 40 years by investing on small farmers, small cottage industry, lifted millions upon millions out of poverty, investing in education, not for the elites but for the masses. Once the masses got into the mainstream of middle income levels they induced the industrial manufacturing revolution in China. FDI started pouring in from west as now there was enough middle class in China to sustain that consumer based manufacturing.

-Also about 300,000 or more Chinese returned to the mainland China from the top colleges in US and in EU countries in the last 30 years or so, bringing with them the cutting edge knowledge and technology...all that was incorporated in China.

 

[bluesky]

3 stages of celebrating BD Independence Day:

Stage 1 - Justifying creation of BD.
Rona Dhona, whining, moaning

Stage 2 - Feel good
D1ck measuring contest, statistics, etc

Stage 3 - Oath
Plan mighty glorious future

You might know about what Physics taught, "For every action, there is an equal and opposite reaction." East Pakistan people only reacted to the action taken by that Kijilbish drunkard President Yahya Khan and his troops in 1971.

 

[RowdyRathore]

Congratulations for the "Victory Day" to all our Indian & brave Bangladeshi brothers.

 

[xyxmt]

competition between three bhooky, nangy
who is less bhooka and less nanga.

 

[MultaniGuy]

Yes Pakistan is light years ahead of BD.

In some sectors, yes Pakistan is ahead of Bangladesh. Way ahead.

Pakistan is better than India when it comes to poverty. lol

 

[Mage]

In some sectors, yes Pakistan is ahead of Bangladesh.

Some sector, yes. In some, behind as well.

Way ahead.

Supa Pawa

 

[MultaniGuy]

Some sector, yes. In some, behind as well.

Supa Pawa

I never claimed Pakistan was a Super Power country. In fact Pakistan is just a regional power or a great power at best.

Pakistan is definitely a better country than Bangladesh. But you can never swallow that.

 

[Mage]

Pakistan is definitely a better country than Bangladesh. But you can never swallow that.

Each to his/her own. For you Pak is better, for me it's BD.

 

[MultaniGuy]

Each to his/her own. For you Pak is better, for me it's BD.

Whatever make you sleep in bed easily my friend