Bangladesh Economy is Getting Rich but It Is at Risk | Bangladesh Economy | Econ
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- čas přidán 8. 01. 2024
- 🚀 Bangladesh's economy has transformed dynamically in just 52 years of independence! 🌍 From a nation with low expectations to surpassing both India and Pakistan in income per person, Bangladesh is a remarkable success story. 💼 With a thriving Ready-Made Garments sector boosting exports and GDP, the country has seen consistent economic growth exceeding 7%. 📈 Challenges ahead include the risk of overdependence on a single sector and potential loss of trade privileges.🇧🇩💰
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You are awesome :)
You think people are fool to spread your economic con artistry ? I will convey my friend to mass report it for disinformation.
Thank you for uploading the video about Bangladesh.👍
Bangladesh is a very growing devolepe country
India's gdp per capita is higher than Bangladesh
Please help us bring back Democracy in Bangladesh
In the Philippines
if a garment/textiles says it was *Made in Bangladesh* we consider it as a good quality shirt.
❤❤❤❤❤ 🇧🇩🇧🇩🇧🇩🇧🇩❤️❤️
Makes sense
Bengal has always been known for textile
@@agrajyadav2951 we own bengal we are sovereign
As a Bangladeshi, I have to admit that the government has failed to diversify the export sector. It is too much reliant on a single sector. There is a lack of entrepreneurship. Most tech students flock to foreign countries for higher education and don't return. There is also rampant corruption and political instability which hinder the nation's progress. The recent democratic backsliding will worsen the situation. 😢
same with india they dont fucking care about peoples they are busy filling their pockets
Authoritarianism in the past 8-9 years ruined what the people built since 1990.
Diversification of economy should be the first priority here
It's not the government's job to diversify a country's export basket. The correct term would be that our government has failed to "allow" diversification of our export sector and economy as a whole due to faulty policymaking and implementations like higher import tariffs on some engine parts; effectively cutting off potential welfare gains from value addition.
@@justabusinesssavvyguyfromb8612 Bangladesh people are not hardworking enough to grow a mega corporation. That's why there's no other major industries.
Good to see Bangladesh develop, love from India
Bangladesh's inflation rate has been higher than their GDP growth rate, which is not feasible for the middle-class Bangladeshi population.
fortunately inflation is decreasing 👍
@@vvshutki but where is self dependent?
@@iam_arnavisaha32 on what?
@@vvshutki weed ektu kom nen.
@@mdshafkwat9079 lmao ami high na. news check koren inflation komche aste aste
Its very hard to comprhend that britishers wiped out more than swizterlands populations in Bengal region😢.
3 times that ,and that's without the us funded Pakistani fascist government's genocide of 3 million Bengali
First of all its British not Britishers
@@IamnotracistlmaoIt’s an old slang, very much valid.
@@Iamnotracistlmao First of it will be "It's" not "Its". Learn the difference between "It's" and "Its". Secondly, English is not our mother language.
@@willsmith9112 not my problem,get better
nice explanation by Econ. its really interesting that Bangladesh has come so far based on only single rmg sector. as a Bangladeshi i can confirm that starting business in Bangladesh is so complex and time consuming because of corruption, poor bureaucracy. plus we have a government that has been ruling the country for the last 15 years, although this ensured political stability but the government's poor policies, corruption, money laundering has hampered the economy.
How would you compare this to West Bengal?
@@AnAn___west bengal is if not even worse only thing that west bengal has is coal, good sea port, somewhat slow industry, and tea gardens of Darjeeling
@@tunaktun3379 West Bengal has a huge wokeness problem. However, isn't West Bengal richer with a large tech, manufacturing, and agriculture sector?
@@AnAn___ there is no such thing as a "wokeness problem" it's only problem is what the rest of India is facing the political parties have a vision to stay or achieve power but no vision to actually exercise that power.
@@UwU-ix8su I think there is a problem. Please read snakes in the ganga.
Also note that the ST academic scores are probably lower than they would otherwise be because of wokeness. Punjabi standardized test scores too.
Manipur's violence was partly set off by affirmative action reservation quotas, set asides, subsidies and preferences.
Part of the reason Indian police are so hesitant to use force to maintain law and order is because of wokeness.
Communist Party of China is funding woke breaking democracy forces in Japan, South Korea, Philippines, India, Europe, Australia, USA, Latin America. They are also a threat inside Bangladesh.
May Bangladesh rise. Good luck from India 🇮🇳
❤
Thank you. But y favourite shari GI taken by west Bengal. Why? Bangladesh produce tAt shari 200. Yrs..
@@asmaniislam8785you have to fight for GI tag....west bengal fought for it and got it....
Thank u
Thanks for the wishes but we are boycotting India and all Bangladeshi patriots should.
Bangladesh is like our Cousin and an inspiration for the neglected states of India
Love to all Bengalis❤ from Himachal (India)
❤❤❤ I like himachal. 🇧🇩👍
@@AKSP125You only like Himachal in India, not the India
Stop twisting words
@@shiningstone6771
I like himachal to
I want to visit someday
I've never been to Bangladesh, but I had a few Bangladeshi friends. Good chaps, all of them.
Thank you!! where are you from btw?
Thanks !
Most of em are radicals
love bro appreciate that
Visit the country sometime with a Bangladeshi friend, trust me you won't regret it!
Ancient Bengal 🇧🇩 was famous for trade and business all over the world 🌎 and most rich nation at that time.
sir not only BD but WB+BD combined
@@siddharthchatterjee7765 actually it was part of ancient India
@@DarkMasterEdits-Mashups we know that but in the context of that comment i said that
@@DarkMasterEdits-Mashupsno such thing as india. India name given to poor indians by their British masters 😂 whi the Bengali defeated and kicked out. Both india and pakistan names are made up
@@siddharthchatterjee7765 he said bengal not bangladesh bruh
I love how Pakistan is not in the equation anymore😂
Not for long
yea its gonna go bankrupt in a year so.... @@Hiroshi9x
@@Hiroshi9x U r right Pakistan not exist long
Why you love it?! Every body has the right to prosper.
Makes sense. Most of Pakistan's resources were located in Bangladesh which explains why they didn't want to lose Bangladesh
As a Bangladeshi, I must say that corruption must be stopped to grow.
Thanks Econ for covering the economy of one of the most important countries in South Asia, one which gets limited international news coverage. Your contribution is highly appreciated.
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im really glad to see bangladesh doing great, the 1971 war was lliterally a blessing in disguise for them, hoping for healthy competition and cooperation with india in future, love and regards from bharat.
War is never a blessing....millions of bengalis were killed by pakistani army and cyclone....
@@its_not_the_Ishu Bangladesh would still be a province of Pakistan if the war had not happened.
@@anubhavraghav7010 Bangladesh achieved today what it has, is because of the indepenence war. But that doesn't mean its a blessing. If Pakistan gave us independence without killing millions then you could have said that, just like it happened with Singapore
@@ChickenVeggi And you think Pakistan would do that? 😂
They literally launched Operation Searchlight which is the most gruesome genocide of the 20th century only because a Bangladesh-based politically party won the Pakistani elections.
Reality was that Bangladesh was just a Exploitation colony for the Pakistanis and it was going worse and worse.
Bangladesh has also got shipyard industry and massive help to peace keeping missions to UN. That the west doesn't want to hear but Bangladesh is saving the world and helping the poor countries such DRC , Rwanda , Liberia and so on. Do you know that India didn't want Bangladesh to be part of the QUAD ?
I love that every video I watch from you guys makes me a bit wiser. Keep up the good content!
Another thing about Bangladesh is the rise in product prices. Even after all this growth, it's sad to see everyday product prices rising while salaries stay the same. At this point, as a Bangladeshi I'm questioning all this growth.
that's pretty much everywhere......Thanks to covid, Russia Ukraine conflict and now Israel Palestine conflict
Govt failed to control inflation. They had to increase the interest rate .But for the sake of businessmen, they didn't. (Finance minister was also a businessman.) Now, the people are suffering.
that is called inflation. its decreasing now thankfully.
To control inflation, strong policy decisions had to be made. India did that and controlled inflation.
@@phoenixj1299 Right. Previous finance minister Late Abdul Muhit took lots of strict decision which turned out to be effective in the long run. But now it's totally ruined.
As a proud indian i would love to see prosper bangladesh.
But they hate us.
Thanks brother. Visited India for world cup last year. Beautiful country.
The biggest threat to bangladesh is the authoritarian leadership, which will only increase corruption and inefficiency.
Not so , because the opposition of current government is totally infavor of redical Islam . We'll know what redical Islam doing with countries economy.
And one more thing never trust on the government which is choosen by Victoria newlend , so the current government is best
Well, Vietnam is a communist country and it is doing so well. So, authoritarian is not an issue in when it comes to atleast economy especially if the alternative is a radical Islamist regime.
Current is the best Govt so far
modi govt feed you that ?
opposition party is radical Islam ?
@@Canyouseemeanna authoritarianism can work for a short while, but in the long term, democracy is the only way to achieve high level of living standarts. Look at Taiwan or SKorea.
Bangladesh has come so far in the past 15 years, last time i was in Bangladesh it was 15 years ago, everything looks so different now compared to back then. 😍
❤❤
Love toward Bangladesh from India.
❤
lmao, gfy indian
Bangladesh hates us brothers
love you guys
Love from Bangladesh to you in India!
Corruption is the biggest hindrance in economic growth of Bangladesh.
from being socially and economically destroyed by Pakistan to beating Pakistan in the respective sector Bangladeshi brothers and sisters has came a long way ahead of it's former coloniser, love to see that! despite many differences ideologically from India we would love to have them as competitors rather than mindless hate and being an enemy.
still a far way to go for both bangladesh and India in every sector and hope that we all do make it .
Bd isn't anyone's enemy in South Asia.
But india is BD biggest enemy
Khalistan and Bangaldesh will have free trade agreement
@@Babasasa111 yeah pakistani punjab right, definetly they should
Thanks brother
Love from Bangladesh ❤️
Anti-Imperialism is an alien phenomenon to the Indian psyche, British colonised and starved Bengal, not Pakistan. Bengal suffered famines Before 1947 and after 1971, not inbetween.
thank you for the the subtitles
Bengal, before the British, was one of the richest regions of the world! Then the British came and looted everything.
A very realistic video on the economic condition of Bangladesh. Thank you man.
As a Bangladeshi Hindu,
The Bengal sultanate was the period when Bangla was at it's peak.
People of all religions lived with harmony ( The proof being medieval mosques which has hindu and Buddhist terracotta )
During that time Bangla was the richest province in the world.
Lol you're not a Hindu
Bro in which district of Bangladesh do you live and don't mind i am just asking.....
I know that there are 20 million Hindus in Bangladesh and that's a lot you guys are the true minority......
@@DhruvSharma5972 He is Fake
Bangladesh was never the richest province, Sure it was rich but not THE RICHEST.
write as a lindu
The best time for the Bengal was (1576-1765). The Bengal Subah also referred to as Mughal Bengal, was the largest subdivision of Mughal India encompassing much of the Bengal region, which includes modern-day Bangladesh, the Indian state of West Bengal, and some parts of the present-day Indian states of Bihar, Jharkhand, and Odisha between the 16th and 18th centuries. The state was established following the dissolution of the Bengal Sultanate, a major trading nation in the world when the region was absorbed into the Mughal Empire. Bengal was the wealthiest region in the Indian subcontinent.
Bengal Subah has been variously described as the "Paradise of Nations "and the "Golden Age of Bengal". It alone accounted for 40% of Dutch imports from Asia. The eastern part of Bengal was globally prominent in industries such as textile manufacturing and shipbuilding, and it was a major exporter of silk and cotton textiles, steel, saltpeter, and agricultural and industrial produce in the world. The region was also the basis of the Anglo-Bengal War.
By the 18th century, Bengal emerged as a semi-independent state, under the rule of the Nawabs of Bengal, who acted on Mughal sovereignty. It started to undergo proto-industrialization, making significant contributions to the first Industrial Revolution, especially industrial textile manufacturing. In 1757 and 1764, the Company defeated the Nawab of Bengal at the Battle of Plassey and the Battle of Buxar, and Bengal came under British influence. It was deindustrialized.
But we must not live in the past, we should look at new future and compete with world, Bangladesh should move towards science and tech which could happen given the current GDP and low military requirements compared to Pakistan which use almost all of its money on Military
@@HarshSingh-qq2jf One day Bangladesh will be the richest country on Earth again as it was under Bengal Sultanat.
InshaAllah.
During 1940-1950s the only region in Asia with Major Industrial Clusters were in Bengal
But after independence Indian State of West Bengal fell in to the hands of Communists who made industries irrelevant
But don't know what happened to the Eastern side of Bengal
@@HarshSingh-qq2jf what we should prioritize on now is improving the quality of education first and foremost because of how atrocious our public education sector is. Otherwise, we are stuck as a third world cheap garments provider. There's also inequality and corruption to deal with as well as the need to develop sustainable food production capacity while reducing exports.
I'm from Eastern Jharkhand(Jamshedpur) only 4 hrs away from Kolkata & there are many Bengalis in our city.
Observe one thing guys.
Nobody even talks about Pakistan anymore.😊
Good. After the 1971 Bangladeshi genocide they don't really deserve to be talked about. 200-400k women raped and 300k-3mil civilians killed in 8 months. We should also condemn the Chinese for their active genocide against the Uyghurs in Xinxiang.
The country is made up FAKEstan 😂
But you are still obsessed with them 😂
Because they are dishonest.
@@user-wm9qs6tf5uchaar chowan gode pe Pakistan mera louda pe 😂
I like how Pakistan never left last spot in this video.
Hats off to them for maintaining this spot since 1947
Great consistency.
FAKEstan 😂 fake name of a confused identity country
😂😂
Pakistan was way ahead of India till 2008.
We were richer in dollar terms.
GDP per capita was also higher than India.
Pakistan is badly effected due to Afghanistan issue but we'll be back In Sha Allah by the grace of Allah as Nawaz Shareef will return to power soon
@@sawaizrehman3307 😂😂😂
Eastern Bengal, and in fact the Bengal province, was the RICHEST part of British India accounting for 33% of the total revenues generated from the whole of the Raj. The people were poor, but the impoverishment of Bengal happens after partition, and the destruction that happened in 1971
Nah after maratha invasion and then colonialism bengal started getting poor. It was maybe the richest province in British India but doesn't mean it was good in situation. Most man made famines happened there
That's not how it works. British had a strong hold of Bengal, they taxed heavy on the poor population, that's how the revenue was so high. Bengal faced a lot of famines and million died before patition in those famines.
@@anshul6168before british bengal was also rich one search in google won't hurt
@@anshul6168 have you checked in google bengal was always rich
@@lonewolf1469 I never said Bengal wasn't rich. I just told how Bengal was giving 33% of British revenue and how it was already in a mess before partition. Britishers diverted all resources to Europe and most of the population was poorer than the average India at the time of partition.
Need the same video as like for Nepal, Let foreigners know our country with the help of your brilliant research.
Very good quality commentry
In order to transform Bangladesh into a sustainably developed country, our primary focus should be on diversifying the economy. The administration is actively pursuing this goal, but I believe it requires more time to fully materialize.
Bangladesh has pharmaceutical industry with average growth rate of 17%
And light engineering with growth rate of 54%
So in 10 years Bangladesh will have diversified economy InshaAllah.
@@s.msadat8383 Inshallah.
It can't diversify its economy as long as it's stuck in the Islamic ideology. Because it will make Bangladesh untrustworthy to other countries.
The keyword is corruption. If you don't focus on reducing corruption, you will never get foreign investments. Looking at the current administration, I don't think their main focus is on corruption rather they are focusing on building irrelevant things like the metro rail while the whole country suffers under corruption. This is known as poor governance as highlighted in the video.
For that you have to spend money in STEM education..
Thanks for the heads up
Thanks for the history lesson . Now i can dominate the history exam tomorrow in peace😂(from 🇧🇩)
Undoubtedly, there has been serious damage in the DOING BUSINESS index over the years. Though its ranking has started back towards good ranking very slowly from 2018. To improve on this ranking, the government appointed some officials to improve this ranking. But, there is doubt whether doing business has become easy or not.
In contrast to FDI, private investment had steadily increased from 12.5% of GDP in 1981 to 17.3% in 2000, reaching a high of 25.3% in 2019. Though it has declined from the pandemic period. Also, the success rate of government development has increased over the years. Without FDI growth, steady growth of GDP indicates an independent capability of doing better economically.
Thankyou for the video
Well said brother!!
Amazing from Econ. Keep up the good work and for Bangladesh I hope you grow and be a cooperative brother of Us carrying South Asia from Pakistan and Sri lanka who are depriciating
india is not a friend of Bangladesh, stop your BS.
Between Pakistan and Sri Lanka, I feel like Sri Lanka will eventually recover and do immensely well. What do you reckon?
Country of Bangladesh is in existence because of india, never forget that.@@damiendehorn6350
@@damiendehorn6350 India neither friend nor an enemy, we only do what is in our interest.
@@deelanaSOf course. If they keep up with the reforms and continue making prudent economic decisions.
What if another Rajapaksha like family mortgages Sri Lanka to CCP to get unsustainable projects eventually turning them into death blow loans?
Sri Lanka needs atleast 5 years of economic stability to say anything. People who forecast either positive or negative statements against Sri Lanka are doing it out of various compulsions.
The next economic crisis is anticipated to be more severe, primarily because we won't have the financial means to bail it out as we did in the past. The previous crisis should have been more severe, yet it wasn't as catastrophic as anticipated. Additionally, individuals defaulting on their debts are likely to include those with good credit scores and loans carrying higher interest rates, amplifying the gravity of the situation in various aspects. Moreover, the current scenario is exacerbated by inflation depreciating the dollar and impacting markets, unlike the previous crisis, aside from high gas prices.
Inflation is causing a multitude of issues globally, ranging from food shortages to shortages in diesel and heating fuel, as well as escalating housing prices and the risk of a financial market crash. These factors are converging, and by the year's end, it could result in a full-fledged disaster.
For newcomers to the market, I suggest seeking professional guidance. The best way to build a well-structured portfolio is to start with a knowledgeable professional who understands the volatile yet lucrative nature of the market.
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great video
educative thank you for this
The Bangla Empire (Bengal Sultanate) stood as one of the wealthiest empires of its time. However, it was the British who, through looting, killing, and imposing famines, inflicted significant harm. Yet, the most enduring impact lies in the religious disharmony they fostered, a lasting challenge we still face. By exerting our efforts diligently, we have the potential to reclaim our greatness.
Ahh yes Bangla Empire the truest Empire made of Bangladeshis, rules by Bengali emperors who made Bengali culture and language 🥴🌝
Ah.... the sultanates didn't bring wealth. They invaded it first because Bengal was wealthy and rich. It was already part of Indian golden age before. So...
Tho I understand, both in pakistan and bangladesh history classes probably start from the islamic invasion period.
@@mnd7381 he'll choose death before choosing facts
@@mnd7381which was the golden era yes.
No, Bangladesh history classes started from gupta and etc@@mnd7381
Good to see Bangladesh progressing, if they can tackle climate crisis, they could become like well developed economy by the end of 2050
Thank you so much brother
Thanks for information ❤ Bangladesh..
Bangladesh has been developing quite frankly but it might not last long due to too much corruption and instability.
Political parties are a huge obstacle for Bangladesh (whether it's the current ruling party whom are autocratic and extremely corrupt ot the opposite party whom are extremely radical and are threat to secularism).
The political parties of our country has lot of problems and none of them are near ideal.
Right
Corruption has been always it didn't came today.
The situation isn't that dire really. To be frank, it's as dire as it is bright. The reason our economy hasn't been doing well lately was because of macroeconomic instability. All of it was preventable and it's nice to see small steps are being taken gradually. I'm sure the upcoming finance minister will pick up the pace. Mainly, in making interest rates market oriented, faster. I still have concerns over the exchange rate issue though. Will they float taka fast enough? Time will tell. Bangladesh Bank still tries to occasionally prevent other banks from buying dollars at higher rates. They just need to look past the short term gains. Macroeconomics stability is key in attracting investments of all forms, be it FDI or local - hence FDI has been dropping over the years.
Tldr: our economic doom has easy fixes. Protectionism did us more harm than good.
Our country can be corruption free after 15-20 years.
Beach most of the corrupted politicians are at age of 65 to 75 and new generation people has hatred for corruption as they saw how corruption damaging BD.
Right 👍
How can I invest?
I was raised that the stock market was a rich man’s game (yep, grandparents lost it all back in the day and preached that forever) but I’ve been around long enough to truly taste just how profitable it can be, with inflation at 9.2% surely these are desperate times, but in my opinion there’s no market condition a proper financial advisor can’t scale through, especially ones that’s been around since the crisis of ’08 and before
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Thanks alot
Thank you so much sir 💖💖
3 million Bangladeshis were killed by Pakistan many women and girls were raped on roads...still Bangladesh has emerged stronger
I am from Kolkata, India- 30 kms away from Bangladesh Border, and I am Bengali - India may have many problems but - I am feeling Blessed to be a Citizen of a Democratic Country - Where I have the power to Change the Government - I Support Central Govt but Don't Support My State Govt - Both are poler opponents - But above of all i Respect both Govts, and election results- Its Really Sad to See the Deaths of Democracies in Our Neighborhoods ( Pakistan, Bangladesh, Nepal, Bhutan, Srilanka, Mayanmar, Thiland, Afghanistan) 😢,
Democracy brought Hitler to power
You don't like your state government because it's not a radical Hindu government. India is ruled by Hinduttabad, not democracy. India is more divided than ever before. Sri Lanka, Nepal, Thailand have better democracy than India. Yep democracy in Bangladesh and Afghanistan are dead.
@@deder351Stop perpetrating misinformation. Thailand's military has a massive influence over politics, and the rest of the subcontinent has fared very poorly. The current government has absolutely hurt Indian democracy, but India is still the second best democracy in the region with 7.19 in the EIU ranking, only behind Malaysia's 7.30. Thailand is 6.67, Sri Lanka 6.47 and Nepal 4.49.
Your government is not democratic and it's making attempts to destroy of Bangladesh
What's so great about DEMOCRACY??!!! .. other than "$5 all American bikini car wash"??!! .. Democracy surely couldn't bring TOlLET or put people to get used to with indoor pIumbing in india . ... street is where people of SUPA' PAWA' 2020 india has to democratize every morning in india.
very informative and deep explanation
thanks for highlighting our country
I appreciate that you chose to cover something about my country's economy in your video but this hardly touches on any economic aspect of things, especially for an economics channel- ony scraping on surface level information. I wished this would have been a more nuanced content, since you're promoting this as an economics channel :(((
While you do touch the tip of the iceburg during the end of your video. But great production quality!
(Just my two cents.)
Something like Economics Explained channel I presume
@@priyanks91 well economics explained is a pretty good economics source for dummies (not necessarily a bad thing). Altho it's better to keep in mind that EE content is very simplified and a lot of times has bad takes which is justified in some sense when you try to simplify complex matters to the extreme. One of my favorite economics related CZcams channel is Money and Macro.
Bangladesh 🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩
🇮🇳🤝🇧🇩❤️
@@its_not_the_Ishu👍
Statistical, thanks 🎉
Thanks for news
From another perspective, by strengthening private investment, Bangladesh probably will face similar issue as South Korea, where the country is practically controlled by both the government and private sector giant. Sure economically strong private investment will boost the "country" ranks faster, but socially the rift between the poor and the rich will be wider.
Personally I see they are in best trajectory, both lifting up lower income houses and steadily strengthening the overall economy. With exception of that laser focused economy on textile and garments. One major disruption and we will have another Sri Lanka.
my bro that is exactly what is happening or happened
It is governed by a dictator and her oligarchs.
Completely on point. This is exactly what is happening
You’ve clearly never lived in Korea and your knowledge of that country and its economics appears to be from the University of Twitter. The gap between rich and poor exists yes, but the standard of living for the poor is actually quite high. It’s all relative of course and anyone outside the top 1% will always have something to complain about, but the country continues to grow and thrive and a key reason is the basics are taken care of, and at a really high level, and really the standard of almost everything is quite high even in comparison to other OECD countries. Food and transportation are ridiculously affordable despite the quality being world class, education too, and homelessness is extremely low. The country has its share of problems and challenges but the superficial talking points you mention ignore some key truths about Korea’s economy. The proof is in the pudding. The country just works. Go visit some time. You’ll see what I mean.
@@mensrea1251lol yeah south Korea is so devloped that Koreans are racing towards their own extinction 0.96 birth rates highest number of sui cides
You didn't mention our foreign debt and how we are going to repay.
Chill bro as long as gdp is higher than debt it’s all good. Dept is good for foreign investment
@@sohanelavarthy5397 Debt is good for foreign investment?? It is an indicator for bankruptcy.
@@sohanelavarthy5397just don’t take loans from china or the west 😂 see how it turned out for Sri Lanka and Pakistan
GDP is 4x the foriegn debt so it not a concern yet and all these loan wss taken to build the infrastructure which was needed so bad. If Bangladesh printed all those money to build the infrastructure, the inflation would have gone through the roof and if im not wrong the interest on those loan is so low like 1 to 3% n long term
loans are good as long as the country's gdp is growing......
Development is not only a word. It's a big thing for a country. In every way you have done it nicely for our country. Thanks to you HPM Sheikh Hasina!
Great❤
bangladesh is doing much better than many countries as the countries like bangladesh and india continue to grow the indian subcontinent will see the prosperity again after long time
If india is doing so well then why are so much Indians in North America, in muslim countries or Europe? India should get its people back to India.
it will only happen when we will stop being racist and work together
Edit: *Love from Bangladesh*
No economy achieved by humanity to this date has been sustainable. The better question is, "Will it last long enough to transform into something else useful?"
In Bangladesh and in much of the world right now, it is unsustainable because it has lead to low birthrates
@@zayedbinimran957 bangladesh should birthrate is 1 but it has now 1.9
0-14 year people in bangladesh are nearly 50 million census 2022 population equal to south korea population😅😅...yet higher young population they all are stuff🤣 any kind of development such as infrastructure, medical service are from china, india, japan😂 so don't be proud bangladeshi people. you are stuff🙂
@@zayedbinimran957 your country's village women conceive 3-5 children. these child are all being rickshaw puller, low cost labor ,okk these favor for company who want a low cost people without skill🤫
@@user-sz2gq4in3cits 10 years ago.
Not today past 6 years we have the replacement rate lower than 1.9
Until humans wear clothes the sewing people will survive.. unless evil musk comes up with machines!
Love From BANGLADESH 🇧🇩 ❤
Valo cilo
The fact that in the thumbnail pakistan is represent as poor lmao😂😅
They had stupid politicians throughout history😂
pakistan was forvever poor 🤣🤣🤣🤣🤣
this is a video about bangladesh, we dont need indians coming here making this all about them and their rivalries, instead of us bangladeshis
Bhikaristan* and Lundia*
Pakistan is poor. How tf can they represented?
Actual development cost: 100 tk
Primary budget set: 4000 tk
Secondary budget extended: 6000 tk
Lost in corruption: 5900 tk
Project quality: Questionable
Economy: 📈📈💩
Sewing will not help rise up the value chain.. however this seems to be their best fit!!
Love you from Bangladesh 🇧🇩
Economic growth is one thing but if it doesnt reflect on living standards of general population than theres something fishy going on.
It definetely reflect on living standard in my area the guys who used to ride rickshaw 5 years ago now riding either car or cng incoming 10x more compare to before.also colonies are day by days are decreasing.even two years ago we had two colony but now there are no colonies the people who used to live in colonies are now living in a personal house with cheap morgage
That's why I don't trust western reports.
Rather than listening to productive criticism you would rather live in ignorance and ignore the problems in your country which are left unaddressed.
@@lygcdr675 Just tell me something ...
According to women empowerment index...
Afghanistan ranks higher than India.
Wow just Wow.
Means Afghanistan gives more freedom to their women than India.
People who prepare these reports must start standup comedy.
President and finance minister of India are women.
In ISRO (INDIAN SPACE RESEARCH ORGANIZATION) women are at important positions.
@@BoldtruthsCouldn't agree more.
@@Boldtruthscope
@@HairLessBush Crazy bot.
Fun Fact: The part where you showed the metro departing from the stration, my home can be seen right in front to the right, the one thats being constructed at the top. By now its done and I'm writing this on the 11th floor thats newly built. Strange coincidence isn't it?
At 5:55, I am fascinated by that Output per Hour chart. Why does Indonesia have such a high value there? What are they doing to increase worker output?
Bangladesh economy become stronger just for Hasina... And I support her ❤️ best leader of Bangladesh...
the only thing keeping us away from the imminent success is our unstable politics and corrupted governance, if we could work as a whole and fight against corruption from the very individual sectors we can do wonders, we have one of the best geo logical location, futile lands, most importantly huge population of young generation, we maintain good relation with our neighboring countries. hopefully we can help ourselves in the long run and make the country an example like phoenix. joy bangla
Atleast you are not blaming India for lots of issues of Bangladesh. I have seen many Bangladeshis doing that. That's a good place to start.
Through BBIN and BIMSTEC we could have got into ASEAN if not for the unrest and instability in Myanmar. But atleast projects under BBIN are moving forward with great pace.
True
Communal attitude and religious fanatism are the reasons for Bangladesh backwardness
@@varun2250 But I saw that many Indians say removing Islam and MUSLIMS from India will make India like US.
REALLY?!!
@@s.msadat8383Not removing Islam. Rather than giving priority to Hindu ideals. Ancient India was global superpower because of Hindu ideals and policies. Thats what made India the 5th biggest economy in the world by using such policies and ideals. Staying true to the roots gave a huge boost to the population of India which made them achieve great things. It also made India a third pole in geopolitics. I mean look at the infrastructure in mumbai, Bangalore, Delhi, Noida, Goa etc. You wouldn't find it any different than some sophisticated cities in US, and Europe. If that development is spread throughout India, then imagine the prosperity. India is protecting it's indigenous culture. As simple as that. Everyone is obviously welcome.
If Bangladesh, India and Pakistan work together they can move mountains and beat very wealthy nations or alliances like EU. Amazing geography and young human capital. Unfortunately they are always too busy focusing on their differences particularly India and Pakistan.
these 3 countries very much needed a good leadership. but unfortunately all of them got power hungry governments who are busy creating conflicts and racism to ensure their position
Nice video
Despite of all the growth, 80% people of dhaka want to leave this country ( including myself)
Trust me its that pathetic
Don't migrate westwards into India. You guys gotta stop flooding our country.
During much of british and pre british islamic reign, much of landmass of today's Bangladesh did not even exist and were part of saline delta swamp. What this video mentions as Bengal includes today's west Bengal as well. East Bengal for several millennia has been a subset of Indian civilisation.
Yes the East Bengal was Jungle once. but it was converted into tax-generating farm land by the Mughals which made Bengal the richest in India.
Really?!
So how Old Dhaka and Sonrgaon, Chittagong, Kustia, Comilla has a rich economic history?
LIAR INDIANS
@@jashemfarhan7511Also because of Jaziya and many illegal tax. Only because of these illegal tax, it became rich. Thats nothing to be proud of. It's something to be ashamed of.
what a moronic take. Bengal became rich by converting its jungles into tax-generating farmlands and cottage industry thereby turning it into a manufacturing hub and a net exporter.
@@phoenixj1299
very true.
After 1971 war bangladesh almost had no growth for 30 years, most if not all growth has done last 23 years so i think it will take 10 to 20 more to diversify it exports, Bangladesh had tremendous growth on their infrastructure n will have more in futre which will help alot on everything i hope n yaa the democracy is a concern
love from Bangladesh
India has already surpassed bangladesh in per capita GDP.
India is doing too well to be a base.
I hope and wish bangladesh to thrive. As Indian we deeply care and wish well to our beloved friend bangladesh.
Noo
Bangladesh is ahead of India in per capita (nominal) since 2019.
India's predicted per capita is 2847$ for 2024
Meanwhile BD'S 2900$
No imf report Bangladesh gdp 2024 percapita 2613 usd
Bangladesh is doing better than India in almost all HDI. I wish India progress and development as a neighbour but please stay out of our domestic politics.
they will argue even if india is at world no 3/4 in different economic indicators.
For fair comparison, India appears to be less developed than Bangladesh due to its poor states of UP, Bihar, West Bengal etc.. Otherwise, southern, western and northern states are all economically and socially ahead of Bangladesh. India's Maharashtra has a per capita GDP around $3500 while Bangladesh at $2600.. It has less population than Bangladesh but GDP more than Bangladesh.. If Bangladesh would have been a state of India, it would have been a moderate fast growing coastal state like. UP is developing fast but other sluggish states are what making India poorer than it seems.
India gives Bangladesh the privilege to produce clothes . If India stops then u will migration of Bangladeshis in India which India never wants .
Glad we are not a state of india, joy Bangladesh.
Jai Bangla
@@mayanktomar9562
You mean what sort of privilege?
If you say we import from india than china gives privilege india to grow,
Because india imports more than 100 billion of it’s raw materials from china
UP ranks 2nd and West bengal ranks 6th in gdp across all states. Bihar is non comparable to these two
Love from Bangladesh ❤
Really good news
Bangladesh public Manav adhikar and democracy back
*"Manav Adhikar"😳*
Itna pure hindi
Bangladesh was able to eliminate extremists political entity like bnp jamat and sectarian conflict which india was unable to do. The development will be sustainable because Bangaldesh ahead of its neighbours in trems of women empowerment, infant mortality, Sanitation, vaccination and many more human development goal
it has lead to low birthrates and it will crash our economy and also the politcal system id not good at all
many thanks you have captured the real picture 💯 correctly unfortunately many doesnt seem to understand these issues even though having a set back in 22-23 our policy still remains the same and if it continues sadly only bad news are waiting
That Per capita income thing is the most brutal indexing system ever made!
I am happy that Bangladesh separated from West Pakistan else, they would've been looted now that Pakistan needs resources and almost 😂😂😂
LOL Pakistan is even Worst
Exactly , and United 🐍 of America trying to change government and establish redical government in Bangladesh but they are not successful , though Victoria newlend work on this.
@@nurulhudavijapurwala4936 the day the current PM dies, Bangladesh would turn into a worse mess than Pakistan, believe me.
get out of that black hole mentality and talking points of past and look ahead to future.
Exactly these Bangladeshis act like the same leadership that subjected them to destruction exists and leads Pakistan today. Which is not the case there have been like 3 coups since lmao. And the average age in Pakistan is 22 so most people have nothing to do with that war.
Ask them to not to send any rohingyas to India and enter our country illegally being so rich and wealthy
🥰love from Bangladesh ❤🇧🇩
Best wishes to Bangladeshi bros from Pakistan.... very happy to see the economic eco-system you guys have created
98% literacy rate? Are you sure? Lol
Hea,, Bangladesh School class 5-10 literacy rate 98%
He said 98% of people finished their primary education as Primary education is free now .
Im from west bengal and wish the best for my eastern brothers.
i love the bengali accent of west bengal i am from joshor bd
It almost always was rich... before the British at least.
Yes, after independence , becoming an Islamic republic is the main reason for backwardness of Bangladesh
@mahendrakvuppala3047 So I guess that's why it has a higher HDI ranking compared to india.
@@mahendrakvuppala3047That's why we have better HDI,Per capita Gdp,Life expectancy,lower unemployment rate,better sanitation,women empowerment etc??😂I think it is hindu extremism that causes violence in india and decreases it’s growth
@@Austrian_Painter49 happy to hear that . Then why don't you call back 4 to 5 crore Bangladeshis illegally immigrated into and living without permission in India ?
@@doge_69 Reason for Bangladesh ranking higher than India in HDI parameters is that about 20 % of its population ( more than 4 crores living in India illegally , while 17.5 crores living in Bangladesh ) has illegally migrated into India and living in India without permission.
If those 20% had not illegally migrated out , but remained in Bangladesh , that country would have been far low in that index. Also there migrating out of Bangladesh and migrating into India clearly indicates that India is above Bangladesh in employment rate, wages and standard of living . Otherwise why would they have opted to commit such a thing ?
Once gsp status gets over, bd economy is finished as its not diversified
It's late but finally the percentage of contribution of textiles in our economy is decreasing
@@hossainbinjubaiyer7721 just check, cause i am not sure its decreasing because of diversification of industries, but rather industries moving, even they know 4-5% tariff can make or break a sector that price sensitivie
@@devashok4242 The economy is growing actually, if it was an overall decrease, then the economy would shrink
Don't worry, people said that when US Quota was removed from Bangladesh yet we export more in USA while countries like India & Pak still enjoys Quota benefit in USA. We will export more even without GSP in Europe.
@@devashok4242 Bangladesh is a unique case in terms of gsp status. It refused to leave the status in both 2018 and 2021.Bangladesh was looking out to sign fta with us and eu but the 2024 elections have made it next to impossible