Bangladesh Economy is Getting Rich but It Is at Risk | Bangladesh Economy | Econ 

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In the Philippines if a garment/textiles says it was *Made in Bangladesh* we consider it as a good quality shirt.

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. 😢

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.

Its very hard to comprhend that britishers wiped out more than swizterlands populations in Bengal region😢.

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.

May Bangladesh rise. Good luck from India 🇮🇳

Bangladesh is like our Cousin and an inspiration for the neglected states of India Love to all Bengalis❤ from Himachal (India)

I've never been to Bangladesh, but I had a few Bangladeshi friends. Good chaps, all of them.

Ancient Bengal 🇧🇩 was famous for trade and business all over the world 🌎 and most rich nation at that time.

I love how Pakistan is not in the equation anymore😂

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.

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

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.

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.

As a proud indian i would love to see prosper bangladesh.

The biggest threat to bangladesh is the authoritarian leadership, which will only increase corruption and inefficiency.

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.

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 .

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.

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.

Observe one thing guys. Nobody even talks about Pakistan anymore.😊

I like how Pakistan never left last spot in this video. Hats off to them for maintaining this spot since 1947

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

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.

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

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.

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.

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.

How can I invest?

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) 😢,

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.)

Bangladesh 🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩

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.

You didn't mention our foreign debt and how we are going to repay.

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

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?"

Love From BANGLADESH 🇧🇩 ❤

Valo cilo

The fact that in the thumbnail pakistan is represent as poor lmao😂😅

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.

That's why I don't trust western reports.

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

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.

Nice video

Despite of all the growth, 80% people of dhaka want to leave this country ( including myself) Trust me its that pathetic

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.

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.

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.

Love from Bangladesh ❤

Really good news

Bangladesh public Manav adhikar and democracy back

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

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 😂😂😂

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

Im from west bengal and wish the best for my eastern brothers.

It almost always was rich... before the British at least.

Once gsp status gets over, bd economy is finished as its not diversified