Sri Lanka, India,Pakistan, Maldives, Nepal And Bhutan CanLearn From ‘Bangladesh  Economic Growth Model’

Bangladesh

Bangladesh is now one of the world’s developing economies. In 2015, Bangladesh graduated from Least Developed Countries (LDC) status and became a low-middle-income country. Many Asian, European and American economists are positive that soon Bangladesh will become one of the middle-income countries in the world. Today, Bangladesh is moving forward at a good pace in various indicators of the economy.

The country, once infamously labeled a “bottomless basket case” in 1972 by then US Secretary of State Henry Kissinger, is rapidly advancing in national growth, per capita national income, export income, foreign exchange reserves, electricity, communication, economic and social infrastructure which are essential for development. India, Pakistan, Sri Lanka, Nepal, Maldives, Bhutan, and even Afghanistan can follow Bangladesh’s economic growth model.

Despite the global coronavirus pandemic, 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 USD 2064. And in the fiscal year 2020-2021, it went up to USD  2228. In the fiscal year 2018-2019, the Gross Domestic Product (GDP) growth of Bangladesh was 8.15 percent. And in the2019-2020 fiscal, this growth has been 5.24 percent. According to an Asian Development Bank (ADB) report, in the 2020-2021 and 2021-22 fiscal year, this growth