PM Hasina plans to build aircraft in the country

[Nilgiri]

Talk big and rubbish as usual, like it easy to quadruplet your GDP in 20 years and maintain 5 percent growth while got a very low inflation rates.

Talking about world class company but look at yours had you got unicorn companies at your IT sector? Have you got company work in aerospace industries like PTDI and churn out dozens aircraft a year? Do your country have company listed in Global Fortune 500 list or Forbes like Pertamina or BCA? I bet Bd doesnt have major brands like Indomie of Indofood or Garuda Indonesia

Take away the inflation and their current real economic production level is what Indonesia had in 1980:

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?locations=ID-BD

1980 Indonesia population was around 150 million I believe too. So yeah there you go for a reference as to where they are.

This is the problem when you effectively export only one good (RMG) and one service (labour to middle east) but the local economy obviously consumes much more diversely but you are starved of production (And thus supply) in that. It basically means that there is a large disconnect between the inflation (mismatch of supply and demand locally) and nominal exchange rate (supply and demand of your currency based on just two activities to dictate what you can buy from the world market - one of them is heavily dependent on LDC quoata too).

This is basically also what affords a GDDS country to dump inflation into its GDP way more, because as you saw from the calendar....there is major data paucity and thus it is heavily loan (and thus GDP denominator) dependent...because that is the only avenue to perpetuate the bubble when you cannot attract good scale of foreign investment.

When you look at actual growth past this effect (i.e actual physical growth on hard consumables, energy etc)...a Harvard study put BD growth rate at about 4% for next chunk of decades. The bubble from this inflation laundering will burst eventually, it is very unsustainable:

https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/

 

[bluesky]

My dear @UKBengali, one of my engineer benefactor told me that with only a 5% compound growth the Indonesian economy will double to a staggering $2 trillion in the next 14 years. He gave me a formula which is not at all understood by me. It is like:

Step 1) The present GDP, (X)= $1000 billion, the double GDP, (Y) = $2000 billion, rate of growth, (r) = 5% or 0.05, and the time (t) = how many years??

Step 2) My engineer mentor said, the formula is, log(Y) = t.logX(1 + 5%)
or log(Y/X) = t.log(1 + 0.05)
or log(2000/1000) = t.log(1.05)
or log(2)/log(1.05) = t
or t = 0.3010300/0.02118930 = 14.2 years

Therefore, t = 14.2 years. It means the Indonesian economy will double to $2 trillion in about 14 years. But, being an uneducated one I thought it will take 20 years. So, @UKBengali, please teach me which is correct and which is wrong. Also, please teach me what will be the BD GDP figure after this 14 years even if it grows @ 7%.

 

[bête noire]

Talk big and rubbish as usual, like it easy to quadruplet your GDP in 20 years and maintain 5 percent growth while got a very low inflation rates.

It kind of is! Bangladesh quadrupled it's GDP in the last 13 years albeit with lower per-capita base. Not only that, but the difference between that fast growth of last 13 years and now is that, the GDP growth has increased significantly. So it's only going to "quadruple" even faster now. While Indonesia's performance has been great in the past no doubt, but it's stagnant now. 5% growth for a developing country is very low no matter how you see it. And I don't see any indication of the growth rate picking up in any significant way.

PS. ID's GDP quadrupled in 14-15 years, not 20. Also ID's GDP doubled in the last 9 years while BD's GDP doubled in only 6 years. Again, with the lower per capita base, so it might be easier for BD than for ID. But BD's growth rate has only increased since then while ID's growth is stagnant.

Source: http://www.imf.org/external/pubs/ft...=country&ds=.&br=1&c=513,536&s=NGDPD&grp=0&a=

 

[UKBengali]

Talk big and rubbish as usual, like it easy to quadruplet your GDP in 20 years and maintain 5 percent growth while got a very low inflation rates.

Talking about world class company but look at yours had you got unicorn companies at your IT sector? Have you got company work in aerospace industries like PTDI and churn out dozens aircraft a year? Do your country have company listed in Global Fortune 500 list or Forbes like Pertamina or BCA? I bet Bd doesnt have major brands like Indomie of Indofood or Garuda Indonesia

I am comparing how you are worse than Brazil.
You have similar population and have had nearly 70 years of independence.
Massive natural resources and all you have to show for it is 12,000 US dollar PPP per capita and 5% growth rate.

 

[TopCat]

Talk big and rubbish as usual, like it easy to quadruplet your GDP in 20 years and maintain 5 percent growth while got a very low inflation rates.

Talking about world class company but look at yours had you got unicorn companies at your IT sector? Have you got company work in aerospace industries like PTDI and churn out dozens aircraft a year? Do your country have company listed in Global Fortune 500 list or Forbes like Pertamina or BCA? I bet Bd doesnt have major brands like Indomie of Indofood or Garuda Indonesia

Actually what we are doing now is what you did in 60's and 70's. You should had been in upper middle income by now. Just look at your currency and it's historical trend and anybody can see that your economy had gone through significant strain despite having a good run in the past. May be too much dependant on FDI or quick money. Or may be your economy is based on commodity sales? Just guessing.

 

[Nike]

I am comparing how you are worse than Brazil.
You have similar population and have had nearly 70 years of independence.
Massive natural resources and all you have to show for it is 12,000 US dollar PPP per capita and 5% growth rate.

Brazil got 150 years independence LoL. But myself never calculated that into how country should look like.

Actually what we are doing now is what you did in 60's and 70's. You should had been in upper middle income by now. Just look at your currency and it's historical trend and anybody can see that your economy had gone through significant strain despite having a good run in the past. May be too much dependant on FDI or quick money. Or may be your economy is based on commodity sales? Just guessing.

Lol, if only we depend on commodities our economy will be plumetted and contracted during oil and commodities crash in 2014-2016 like Brazil, Russia, Nigeria and Saudi do. You are doing what we did in early 1990 (8 to 9 percentage GROWTH of Gdp for straight 10 years) under Soeharto dictatorship, except you dont have meaningful electronic, automotive and heavy industry to boot and boost your country economy toward next stage.

Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. GDP by sector: agriculture: 13.9%, industry: 40.3%, services: 45.9% (2017 est). Main industries: petroleum and natural gas, textiles, automotive, electrical appliances, . As you can see we are already had diverse economy compared to RMG and remmitence relied driven economy of Bd. I would like to see how far garment in Bd can propel Bd growth

 

[TopCat]

Lol, if only we depend on commodities our economy will be plumetted and contracted during oil and commodities crash in 2014-2016 like Brazil, Russia, Nigeria and Saudi do. You are doing what we did in early 1990 (8 to 9 percentage GROWTH of Gdp for straight 10 years) under Soeharto dictatorship, except you dont have meaningful electronic, automotive and heavy industry to boot and boost your country economy toward next stage.

Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. GDP by sector: agriculture: 13.9%, industry: 40.3%, services: 45.9% (2017 est). Main industries: petroleum and natural gas, textiles, automotive, electrical appliances, . As you can see we are already had diverse economy compared to RMG and remmitence relied driven economy of Bd. I would like to see how far garment in Bd can propel Bd growth

I did not say you dont have a big economy, I said you dont have the momentum to take it to the next level in short term.

 

[bluesky]

I did not say you dont have a big economy, I said you dont have the momentum to take it to the next level in short term.

Thousands of variables affect the economy or GDP of a country and no one really knows what unknown factors will strike an economy. Many of the countries grew to become a consumer country and many remained in the status of a developing country, such as Brazil, Russia, ID, India, Pakistan, many of the Arab countries, etc.

ID did well because it has a huge active Chinese population and a huge quantity of natural resources to lead the economy to the present stage where it is now growing @5%. I think it is good because a 5% growth means $50 billion rises of its GDP.

In the case of BD, it remains an LDC. BD is developing since 1994. Like any country, it was slow but took up momentum at around 6.25% during the BNP time. Then it became slow and now it has picked up momentum. In the case of BD, it has always been textiles and manpower export that has combinedly pulled the economy. I think, there is a limit to the growth of these two sectors.

So, unless BD moves to some other sectors there is a possibility of a slow growth or no growth at all. BD people must talk more about their own future economy instead of pulling the legs of Indonesia.

With a $1 trillion economy ID is perfectly doing a good job. I thought it is ID that is supplying Bd with railway coaches and components. I wonder when our big talking people will be able to manufacture the same products.

 

[Sam.]

Thousands of variables affect the economy or GDP of a country and no one really knows what unknown factors will strike an economy. Many of the countries grew to become a consumer country and many remained in the status of a developing country, such as Brazil, Russia, ID,Pakistan, many of the Arab countries, etc.

ID did well because it has a huge active Chinese population and a huge quantity of natural resources to lead the economy to the present stage where it is now growing @5%. I think it is good because a 5% growth means $50 billion rises of its GDP.

In the case of BD, it remains an LDC. BD is developing since 1994. Like any country, it was slow but took up momentum at around 6.25% during the BNP time. Then it became slow and now it has picked up momentum. In the case of BD, it has always been textiles and manpower export that has combinedly pulled the economy. I think, there is a limit to the growth of these two sectors.

So, unless BD moves to some other sectors there is a possibility of a slow growth or no growth at all. BD people must talk more about their own future economy instead of pulling the legs of Indonesia.

With a $1 trillion economy ID is perfectly doing a good job. I thought it is ID that is supplying Bd with railway coaches and components. I wonder when our big talking people will be able to manufacture the same products.

Shut up and accept
BD > All the world
You are talking about planes where BD will make aircraft carrier soon and annex North-east India.

 

[bluesky]

why All the BD members are so butt-hurt, its not like you are gonna make a 6th gen fighter or maybe a fighter from star wars..so chill n be pragmatic.

Yes, @mb444, @UKBengali, and @Homo Sapiens together will re-invent the airplane, take away this credit from the Wright brothers and will immediately go after 6G planes.

 

[Nike]

Thousands of variables affect the economy or GDP of a country and no one really knows what unknown factors will strike an economy. Many of the countries grew to become a consumer country and many remained in the status of a developing country, such as Brazil, Russia, ID,Pakistan, many of the Arab countries, etc.

ID did well because it has a huge active Chinese population and a huge quantity of natural resources to lead the economy to the present stage where it is now growing @5%. I think it is good because a 5% growth means $50 billion rises of its GDP.

In the case of BD, it remains an LDC. BD is developing since 1994. Like any country, it was slow but took up momentum at around 6.25% during the BNP time. Then it became slow and now it has picked up momentum. In the case of BD, it has always been textiles and manpower export that has combinedly pulled the economy. I think, there is a limit to the growth of these two sectors.

So, unless BD moves to some other sectors there is a possibility of a slow growth or no growth at all. BD people must talk more about their own future economy instead of pulling the legs of Indonesia.

With a $1 trillion economy ID is perfectly doing a good job. I thought it is ID that is supplying Bd with railway coaches and components. I wonder when our big talking people will be able to manufacture the same products.

As i said before in other thread , Bd need to made progress in manufacturing and heavy industry to boots. Even till now Bd doesnt got proper automotive industry and must relying from importing items.

Well, aircraft industry is good to have but at least put a proper road maps to begin with, beside this news i dont see any articles or such from BD news outlet or the need from Airforce or Bd National flag carrier to order jigs and tools for assembly and major overhaul of aircraft. Not even Bd starting to build major repairing hangar at this moment.

Btw, the largest aerospace industry player in Indonesia by revenue and assets is actually not PTDI, but Garuda Maintenance Facility Aero. With annual revenue almost 500 million US dollar, thus GMF is leader in overhaul, maintenance and repairing Aircraft industry in ASEAN. The most successful services of them is to repairing and maintenance engines components and block.

 

[TopCat]

Thousands of variables affect the economy or GDP of a country and no one really knows what unknown factors will strike an economy. Many of the countries grew to become a consumer country and many remained in the status of a developing country, such as Brazil, Russia, ID, India, Pakistan, many of the Arab countries, etc.

ID did well because it has a huge active Chinese population and a huge quantity of natural resources to lead the economy to the present stage where it is now growing @5%. I think it is good because a 5% growth means $50 billion rises of its GDP.

In the case of BD, it remains an LDC. BD is developing since 1994. Like any country, it was slow but took up momentum at around 6.25% during the BNP time. Then it became slow and now it has picked up momentum. In the case of BD, it has always been textiles and manpower export that has combinedly pulled the economy. I think, there is a limit to the growth of these two sectors.

So, unless BD moves to some other sectors there is a possibility of a slow growth or no growth at all. BD people must talk more about their own future economy instead of pulling the legs of Indonesia.

With a $1 trillion economy ID is perfectly doing a good job. I thought it is ID that is supplying Bd with railway coaches and components. I wonder when our big talking people will be able to manufacture the same products.

Sustained growth depends on the wealth accumulation and human development not by any particular sectors. Most of the developed countries dont have any automotive industry which does not mean they are not developed or industrialized. BD is a small country, so we dont need all the sectors or invest in everything. We should focus on the sectors where our strength lies. The biggest strength of BD is the GDCF (gross domestic capital formation) and demographic dividends. I dont see any reason that BD can not grow more than 7-8% for the next 10 years which is more than enough to take us to the upper middle income country of 7000 USD per capita. Then even if we can grow 5-6% we should not have any problem to become a high income country like Turkey.

 

[bluesky]

As i said before in other thread , Bd need to made progress in manufacturing and heavy industry to boots. Even till now Bd doesnt got proper automotive industry and must relying from importing items.

Well, aircraft industry is good to have but at least put a proper road maps to begin with, beside this news i dont see any articles or such from BD news outlet or the need from Airforce or Bd National flag carrier to order jigs and tools for assembly and major overhaul of aircraft. Not even Bd starting to build major repairing hangar at this moment.

Btw, the largest aerospace industry player in Indonesia by revenue and assets is actually not PTDI, but Garuda Maintenance Facility Aero. With annual revenue almost 500 million US dollar, thus GMF is leader in overhaul, maintenance and repairing Aircraft industry in ASEAN. The most successful services of them is to repairing and maintenance engines components and block.

View attachment 489753 View attachment 489754 View attachment 489755 View attachment 489756 View attachment 489757

No, no, you are an anti-BD and you do not want BD to develop. This is why you are suggesting Bd follow ID example and do the maintenance work for the planes. Thing is this kind of work is below the esteem of BD people and they do not want to dirty their hands. This is why they send all the planes to Ukraine and I do not know where. BD people love to build a real plane by themselves under the leadership of @UKBengali, perhaps.

But, anyway, thanks for the educating input, BD posters like it or not.

 

[Centaur]

আরে পেলেন আর কি জিনিস? মোরা চান্দে যামু চান্দে!
@bluesky

 

[bluesky]

আরে পেলেন আর কি জিনিস? মোরা চান্দে যামু চান্দে!
@bluesky

আরে চাঁদে তো বুদ্ধিহীন ভারতীয় জীবেরাও যাচ্ছে। আমরা বরং মঙ্গলগ্রহ/প্লুট ছাড়িয়ে চলে যাবো শত শত কোটি মাইল দূরের Kuiper Belt-এ যেখানে লক্ষ লক্ষ ছোট বড় উল্কাপাথর সূর্যের চারপাশে আবর্তন করে যাচ্ছে বিগত প্রায় ৫০০ কোটি বছর ধরে। আমাদের একটা মান সন্মান আছে না?