South Asia including Nepal can follow the ‘Economic Rise of Bangladesh Model’

KATHMANDU

Present day, Bangladesh is one of the developing economies of the world. In 2015, Bangladesh graduated from LDC status and became a low middle-income country. Many Asian and European including American economists hope that soon Bangladesh will become one of the middle-income countries in the world. Today, Bangladesh is moving forward at a relentless pace in various indicators of the economy. Today, Bangladesh is rapidly advancing in the areas of national growth, per capita national income, export income, foreign exchange reserves, electricity, communication, economic and social infrastructure, essential for development, etc. India, Pakistan, Sri Lanka, Nepal, Maldives, Bhutan specially Afghanistan can follow the ‘Bangladesh Economic Rise Model’ in this regard.

Despite the global epidemic of corona, the per capita national income of Bangladesh is positive. According to various local and international media outlets, in the fiscal year 2019-2020, the per capita income of Bangladesh was 2064 US dollars. And in the fiscal year 2020-2021, this income has increased to 2228 US dollars. In the fiscal year 2018-2019, the GDP growth of Bangladesh was 8.15 percent. And in the fiscal year 2019-2020, this growth has been 5.24 percent. According to ADB report, in the 2020-2021 and 2021-22 fiscal year, this growth is expected to be 6.8 percent and 7.2 percent respectively even in this Covid-19 pandemic. can utilize the approach of Bangladesh to stabilize their GDP growth. India, Pakistan, Sri Lanka, Nepal, Maldives, Bhutan even Afghanistan

Under the able and dynamic leadership of development friendly Prime Minister Sheikh Hasina,