Today’s Topic s Bangladesh better than India now? Greetings, friends!
There was a time when we compared India to big, superpower countries that one day, India would be able to compete with China and even surpass it in terms of economic growth
But the condition in 2020 is such that leave aside China, even countries like Bangladesh are faring far better than India.You must have heard about the latest IMF projections
The GDP per capita (that is, GDP per person) of Bangladesh is going to rise above India’s GDP per capita.IMF has projected that this will happen by the end of the year And this is just one piece of data.
The reality today is that Bangladesh has left India behind in several parameters is set to do so. Bangladesh, today, is setting a very great example for its neighboring countries on how development can really be achieved. How did this become possible? How was Bangladesh able to forge ahead while India was busy dreaming about becoming a superpower by 2020? What are the things that we can learn from Bangladesh? Come, let us find it out in today’s Blog.
IMF Projections:Let us talk about the IMF projections in detail because it throws up some very interesting things.IMF has said that by the end of 2020, the per capita GDP of Bangladesh will be higher than that of India.
But IMF has also projected that in 2021, the per capita GDP of India will overtake that of Bangladesh again.2,030 dollars as compared to 1,989 dollars. Those who support the government concentrate on this part and claim that this is a short-term phenomenon and we will be ahead again in the future. But IMF has made projections of times even later than that. They have said that India’s growth will not be sustained after 2021.
Some would say that it would be incorrect to blame the government for this because this situation was a result of the coronavirus. India is a very populated country and so coronavirus spread more rampantly and hence India was more affected.
But let me tell you one thing- Bangladesh is no less populated than India.
In fact, Bangladesh is India’s most densely populated country- three times more densely populated than India.
So, according to that logic, corona virus should have spread faster in Bangladesh and should have affected them even worse.
But while the projection of India’s GDP due to corona virus is at -10%, the projection of Bangladesh’s GDP due to corona virus is +4%!
India is not the only one facing the brunt of corona virus. Bangladesh had to face it too, but the latter is still in a better situation than India.
As a matter of fact, let me tell you, five years ago, India’s per capita income was 40 percent higher than Bangladesh’s.40 per cent! Just imagine- in these 5 years, so much must have gone wrong for India and so much must have gone right for Bangladesh.for such a situation to be created.There was a complete over turn within 5 years.We are not going to talk about what India did wrong in this Blog- I have already done that in the previous Blog
India vs Bangladesh:
GDP is just one indicator to judge how good the economic growth of a country is, in comparison to another country.and what the income and the quality of life of the people is- but that is not enough.We need to look at more indicators to come to a better conclusion
Female literacy :
What percentage of women in the country know how to read and write and have completed first 5 years of primary education?According to a 2018 research, this statistic in India stands at 48%
Only 48% women in India, had completed five years of primary education.as compared to 92% in Nepal, 74% in Pakistan and 54% in Bangladesh.
On average, for how many years do the people in the country live?
This is a good indicator to judge the healthcare system of the country.and how it is affecting the people and whether the people are benefiting from it or not .An average Bangladeshi lives 3 years longer than an average Indian.
Life expectancy for males and females in Bangladesh is 71 and 74 respectively
In India, the corresponding figure is 67 and 70.
Infant mortality rate:
Another good indicator to judge the healthcare system of the country.How many children in the country die within one year of being born?
In India, this rate is 29.9 deaths per 1,000 live births
This figure is lower in Bangladesh- 22.1 deaths per 1,000 live births.So, it could be said that the healthcare system of Bangladesh is performing better than that of India.
Another good indicator is the literacy rate . What percentage of people in the country are literate?While India has a literacy rate of 74.4%., Bangladesh has a literacy rate of 73.9%
India is slightly ahead of Bangladesh.
But the female literacy rate of Bangladesh is much higher than that of India.
I told you that Bangladesh is very densely populated , but despite that, the fertility rate of Bangladesh.
that is, on average how many children does a woman bear?has reached the replacement level. Replacement level is the fertility rate .
that once a country achieves it, then its population stops growing after a few years.and the population growth would touch zero after some time.
Global Hunger Index :
Global Hunger Index, which judges the hunger of the people living in a country,India ranked 94 among 107 nations in the Global Hunger Index 2020, making it one of the most bottom countries on the list
While Bangladesh is ranked at 75 on the same index of 2020.which is way ahead than India. Fewer people are dying of hunger in Bangladesh.
World Happiness Index :
Even on the 2019 World Happiness Index, Bangladesh scores better than India.
Bangladesh is ranked at 125, while India is ranked at 140.So, on average, the people living in Bangladesh are happier than the people living in India.
labor participation female:
Another shocking indicator which has a wide disparity is female labour participation.that is, how many women are engaged in work?In India, this rate used to be higher, around 30% in the 1990s.This rate has fallen to 20% in India today.The exact opposite happened in Bangladesh- earlier it was 20% and now, it has crossed even 30%.
Bangladesh has been consistently outperforming India as far as women empowerment and upliftment is concerned
According to a UNDP report, 2016, Bangladeshi women have higher average incomes than their Indian counterparts.
At the same time, the unemployment rate in Bangladesh is better off at around 5% while in India it is around 8.5%.There are fewer unemployed people in Bangladesh as a percentage of their population as compared to India.Be it unemployment, women empowerment life expectancy or economic growth,
Bangladesh either already has become or is steadily becoming more developed than India in almost all of the indicators.What’s surprising is that Bangladesh used to be far poorer than India, just 20 years ago.
India got its independence in 1947, while Bangladesh got its independence in 1971 and that too, with India’s help.Right after its fight for independence, Bangladesh registered a tremendous economic crash.The country’s GDP growth rate in 1972 was recorded at negative 14 percent.
Two years later, Bangladesh faced a catastrophic famine, which killed an estimated 1.5 million people.
The ensuing economic crash saw the GDP growth rate slip to a negative 4 per cent.For the most part,in every chart comparing the two- India was always ahead of Bangladesh.But India picked up pace in the last 5-10 years and is now competing with India.
How did this become possible?