Bangladesh ahead of Pakistan for development Bangladesh has been behind Pakistan in almost all indicators of economy In 77 years, Pakistan could not achieve it, 47 years it has achieved Bangladesh
According to the Bangladesh Bureau of Statistics (BBS) 2016-17 financial year, it is known that Bangladesh has achieved the record gross domestic product (GDP) growth in all the circles broken. As a result, people's purchasing power has increased in addition to the per capita income. GDP growth has increased to 7.88 percent from the target level. At present, the average GDP growth of Pakistan is 4.91 percent.
By analyzing the speed and nature of the economic development of the two countries, the development experts have said that several years ago, Bangladesh has surpassed Pakistan in many indicators of human development. The rest was just GDP per capita. Now Bangladesh has left behind Pakistan in this regard.
According to the Pakistan Statistical Survey, the per capita income of West Pakistan in 1968 was 99.88 dollars And the per capita income of East Pakistan was only 40 dollars That is, the per capita income of West Pakistan was then two and a half times more than East Pakistan. After 47 years, Bangladesh has finally lost Pakistan to GDP competitiveness in a significant economic development index.
According to the latest data, the per capita income of Bangladesh stands at US $ 1,610. The amount of Bangladeshi coins for every dollar of 80 rupees, which is about Tk. 28,800. As a result, the size of the GDP has increased to 250 billion US dollars. Now Pakistan's per capita income is $ 1,700.00.
After the country's independence, the GDP size of the 100 billion US dollars, where it took 34 years, the achievement record quantity. In 1972, the annual per capita income of Bangladesh was just Rs. 671. Planning Minister AHM Mustafa Kamal said this is our new history. GDP growth will go up to eight percent in 2019. Hopefully, this rate will be between nine and 10 percent by 2030. Only then can we achieve the real goal of our 2041. According to a World Bank report, the current Awami League government has reduced the poverty rate to 12 percent.
According to the latest census report, the population of Pakistan is now 20 million 78 million, which is 9 million more than the previous idea of population of the country. This new information from Pakistan's population may have made the country the fifth largest population in the world, but this number has reduced their per capita GDP by 4-5 percent. And Bangladesh has moved forward in this
Economic analysts view Pakistan's backing of GDP per capita as a positive aspect of Bangladesh's economy. For ten years, Bangladesh has been consistently achieving more than six percent GDP growth, which has surpassed 7 percent in the past two years. During the birth of Bangladesh in 1971, the contribution of the industrial sector to GDP was only 6-7 percent. At present, the contribution of the industrial sector to GDP is 29 percent.
Why did Bangladesh go forward than Pakistan? In this context, the former deputy governor of the Bangladesh Bank is a prominent economist. Khandaker Ibrahim Khaled told Khabar Azaler that during the Pakistan period, we could not get any opportunity to trade and commerce. We would not have been given the opportunity. Pakistanis control the economy But after independence the image changed. Bangladesh gets opportunity to expand business Spread around ^ ^. Today's remittance, export earnings growth, manpower export and foreign investment are the result of independence.
Center for Policy Dialogue (CPD) director (researcher) Dr. Khandaker Golam Moazzem told Khabar, The private sector has been playing a big role in advancing the economy and social sector of Bangladesh. In the 70's, the public sector started gradually after the gradual decline of private sector. As a result, the growth in exports has gone up to a high place today. In addition, the development of the connecting industry has taken the economy forward. Moazzem claimed that the role of NGO in the country is not less. Especially in the rural areas, the common people have played a large role in the social sector, including lending. In addition, domestic and foreign investment also played a key role.
Ex governor of Bangladesh bank is Dr. Faraduddin said to Azad nowadays, this is the reality and we will move forward, advancing from Pakistan.
Indian Economist Amartya Sen, a Nobel Laureate in a seminar in Dhaka in 2015, said Bangladesh is ahead of India and Pakistan in the development of humanitarian fields including education and health sectors.
Along with the pace of production and supply of food, the average life expectancy of the people of Bangladesh has increased. In Pakistan where the average life expectancy is 66 years, the average life expectancy of the people of Bangladesh is 72 years.
The World Economic Forum publishes a report called the Inclusive Ecomantic Growth Index every year. The 2016 report was released this year in the Swiss Davos It is found in the report that Bangladesh and Bangladesh are 24 and 16 steps ahead of the growth and development index respectively. The report further said that Bangladesh's position in the world is 36th overall in terms of overall development. On the other hand, the world's fastest economic growth rate is India's 60 and Pakistan's 52nd.
Bangladesh is ahead of India-Pakistan in the world hunger index. Bangladesh ranked 90th in this list made by the Washington-based International Food Policy Research Institute in 2016. India (100), Pakistan (106) and Afghanistan (107) are behind hunger index in South Asia.
From the average income, Bangladesh girls are ahead of India and Pakistan. The development of Bangladesh's garment industry and the employment of girls in this industry has created such a reality. Bangladesh is ahead of Pakistan and India as well as Pakistan. The percentage of children below the age of 5 years of regular nutritious food is 36.1 percent in Bangladesh. Child mortality rate in Bangladesh is 37.6, which is 50 percent from Pakistan and 25 percent less than India.
On the other hand, Bangladesh is ahead of Pakistan in terms of stable job numbers. According to a UN report, 80 percent of Pakistani nationals are vulnerable. On the other hand, 57.8 percent jobs in Bangladesh are stable.
Recently, Pew Research Center of America surveyed 198 countries about communal violence. According to the survey, India's fourth position in communal violence. And Pakistan tenth. Bangladesh has no name.
According to Global Peace Index 2016, Bangladesh's position is 83rd and Pakistan's 153th. Bangladesh is also ahead of this. For many years, the position of Bangladesh's Human Development Index is higher than that of Pakistan. The difference in the position of the two countries is increasing. Exceeding Pakistan, Bangladesh has progressed in the human development competition.
Bangladesh has now become a low-middle-income country after coming out of the LDC list. According to the Bangladesh Economic Survey of the year 2017, it has been said that massive activities are going on aiming to reach middle income countries in 2021. All the indicators of the economy are comforting in the international context. Bangladesh has been able to sustain the continuity and stability of economic growth. On the other hand, the International Monetary Fund (IMF) in April-2017, in a report of the World Outlook, said that the country's 30th largest economy was in line with the country's gross domestic product (GDP) and purchasing power parity calculation (PPP) by 2022. The report said that Bangladesh will be ranked 32st in the current year in 2017.
According to the IMF statistics, the PPP GDP of Bangladesh will be 686.59 billion dollars by 2017 and by 2022 it will exceed $ 1 billion. The IMF says that the position of Bangladesh is now 45th, on the basis of nominal GDP, this position will be between 38 and 2022. Prior to this, British-based multinational research firm PricewaterhouseCoopers (PwC) said in a global report that according to the purchasing power capacity (PPP), Bangladesh will be the world's 23rd largest economy country by next 2050.
The report, titled World Economy, in 2050, published recently in PwC, says Bangladesh will surpass the developed and advanced economies like Australia and Malaysia by 2050. According to the report, the reason for this emergence of Bangladesh is that, the country's gross domestic product (GDP) on the basis of PPP capacity was $ 53,670 million in 2014, which would double in 2030 to $ 1.29 billion and 100 billion dollars. And in 2050 it will increase to 3 lakh 36 thousand seven billion US dollars.
In the last few decades, the economies of some countries in Asia are among the best, among them one is Bangladesh. During the progress of industrialization in Hong Kong, Singapore, South Korea and Taiwan, the level of indices that are being noticed in Bangladesh is exactly the same.
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