Bengal71
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You are right. However, the standard of living remains a minimum survival, only because the country is not industrializing and people remain unemployed or underemployed. Our vast farmland is giving a lot of employment, disguised or what. A good living standard cannot be built without industrialization in BD.
Australia is different. It is a very large country with mines to explore, timbers and cattle farming among many others.
It will take time. Hare and tortoise story, we will get there, hopefully.
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