Bangladesh surpasses India and Pakistan

POBNEWS24, Dhaka Mar 18, 2021 : In many areas of the economy, Bangladesh is gradually surpassing Pakistan. Every year new news is coming forward. Of course, not only the economy, Bangladesh is ahead of Pakistan in almost all areas. Now Bangladesh, one of the largest economies in the world, is breathing down its neck. Although there is fierce competition with India in important economic indicators, Bangladesh is in many ways ahead of India in social indicators. Bangladesh, which gained independence long after India and Pakistan, has made a splash in health and education all over the world. Because India-Pakistan was divided on 15th August 1947. The bloodshed in the hearts of the Bengalis when the two countries are divided into two Bengalis Happened, it did not stop today. Even 24 years after the partition of that country, independent sovereign Bangladesh was established in the heart of the world by winning the great liberation war of 1971. Quartz.com, a popular New York-based business portal, says Bangladesh is one of the most representative countries in Asia leading the world economy. It is the only country in the world that will grow by more than 2 percent in 2020 and 2021. The latest data from the International Monetary Fund (IMF) says that the most important achievement of Bangladesh surpassing Pakistan is going to happen in the current 2021. Going beyond the index consideration, the fact that the economy of Bangladesh is stronger than that of Pakistan will make its debut this year. However, in terms of gross domestic product (GDP), Bangladesh surpassed Pakistan two years ago, and per capita GDP surpassed three years ago. The IMF says that Pakistan is no longer able to catch up with Bangladesh from the position that it is going to lag behind in 2021 on the basis of purchasing power parity. It is learned that India’s political and economic arena has been heated for the last one year with the IMF’s estimate. Because last year, Bangladesh surpassed India in per capita GDP according to the IMF estimates. The main reason for this estimate was that India’s GDP growth in that year was negative, while Bangladesh’s was 3.8 percent. Although the success of this economic surge has been for a year, Bangladesh has narrowed the gap with India over the past decade. Of course, Bangladesh has achieved surpassing India in other social sectors. Bangladesh has a much better infant mortality rate than India and Pakistan. While India has 29.9 deaths per 1,000 children and Pakistan has 58.2 deaths per 1,000 live births, Bangladesh has reduced the infant mortality rate to 22.1. Bangladesh also tops the list of three countries in terms of safe environment for children. In this case, Bangladesh’s rating is 4.1. India has a rating of 5.6 and Pakistan, which is in a very bad position, has a rating of 9.6. Bangladesh (116.5%) has hit sixes to ensure primary education for children. It is followed by India (112.9%) and Pakistan (94.3%). However, India has the highest education rate. Literacy rate among the town people is 74.4%. Slightly backward Bangladesh has 63.9% of education. Pakistan has the lowest literacy rate at 59.13%. Bangladesh also ranks first among the three most populous countries in terms of birth rate control (2.0). India is in second place (2.2) and Pakistan is in third place (3.5). Bangladesh also tops the list of three countries in terms of average life expectancy. The average life expectancy of the people of Bangladesh is 72.3 years. 69.4 years in India and 8.1 years in Pakistan. Bangladesh also has a better position than India in terms of air pollution. The worst situation is in India (90.9) and in Bangladesh (80.9). In this case, Pakistan is in a good position. Bangladesh is leading among the three countries in spending less money in the military sector out of the total expenditure. Bangladesh (1.4%) tops the list, followed by India (2.4%) and Pakistan (4.0%). Bangladesh is in a better position than India and Pakistan in the index of democracy. In the V-Dame Institute Liberal Democracy Index of Gothenburg University in Sweden, Bangladesh tops the list of three countries, followed by India and Pakistan. Bangladesh is ahead of India and Pakistan in the index of economic independence. According to the list of the Washington-based Conservative think tank The Heritage Foundation, Bangladesh ranks 120th in terms of tax burden, personal and corporate tax rates and total tax revenue as a percentage of GDP. Pakistan’s position Pakistan is 152nd. India is in 121st position with the same score as Bangladesh. However, as Bangladesh scored 1.1 points this year and India did not score any points this year, the position has changed. Economists say that Bangladesh is ahead of India in any economic index. Because India is now one of the largest economies in the world. India is one of the top 5 countries in the world in terms of total GDP. In terms of total GDP, India’s share in the world economy is 3.27 percent, and Bangladesh’s share is 34 percent. So there is no comparison from this point of view. India’s economy is 10 times bigger than Bangladesh’s. So leaving a country with such a large economy behind is really a success. Analysts in India say higher participation of women in the labor force is playing a big role in Bangladesh’s progress. And this is where India lags far behind. And the main driving force in women’s participation in the labor force is the ready-made garment sector. Bangladesh has taken a good place in the world market with this garment sector. According to estimates, the participation rate of women in the labor force in Bangladesh is 32 percent, while in India it is only 20.3 percent. According to an analysis by The India Express, the economic structure of Bangladesh is the country Moving forward. For example, in terms of GDP, Bangladesh is now much more dependent on industries and services. This sector is now creating employment, which the agricultural sector is not able to do. On the other hand, India is struggling to revive the industrial sector and people are still much more dependent on agriculture. Apart from this, some other social indicators are also taking Bangladesh forward. Such as health, sanitation, financial inclusion and women’s participation in politics.