Economic Growth Comparison Bangladesh and India
Pattern and Sources of Economic Growth, comparison between Bangladesh and India.
Introduction: GDP (Gross Domestic Product) is indicator of a nation’s economic Growth- Measured by the market value of all officially recognized final goods and services produced within a country in a given period. Through GDP growth we can measure the economic growth, especially very much useful indicating tools for measuring growth in the least developed countries (LDCs), like Bangladesh, Haiti, Samoa, Afghanistan, Sudan, Zambia etc. these countries have the instability of agricultural production; the instability of exports of goods and services; the economic importance of non-traditional activities (share of manufacturing and modern services in GDP); merchandise export concentration; and the handicap of economic smallness.
India is a Middle Income Level Country (Listed as in WB Report) aand also a developing nation, though some socio-economic variables not agree with this argue for India. On the other hand Bangladesh is Least Developed and Low Income Country according to the definition of World Bank. Before ‘90s India also suffer low income, they also suffer same sort of economic crisis what Bangladesh is/was faced and then India overcome from that in late ’90, through gradually increased per capita GDP and maintain a constant healthy GDP growth over last few (1998 to 2010) year (about 7%-11%) which is reached them to a Developing Economy. Where Bangladesh still suffer the several economic crisis, due to inefficient production, technology, man power result in low production, lower per capita GDP, GDP growth less than 6% etc. the following figure shows the comparison of GDP growth of Bangladesh and India last 25 years (1986 to2010). The two figures show GDP Growth Pattern over 25 years (1986-2010) of Bangladesh and India. (According to the ADB country report of 2011)
The comparative figure between India and Bangladesh shows GDP growth in India is more zigzag and volatile
Introduction: GDP (Gross Domestic Product) is indicator of a nation’s economic Growth- Measured by the market value of all officially recognized final goods and services produced within a country in a given period. Through GDP growth we can measure the economic growth, especially very much useful indicating tools for measuring growth in the least developed countries (LDCs), like Bangladesh, Haiti, Samoa, Afghanistan, Sudan, Zambia etc. these countries have the instability of agricultural production; the instability of exports of goods and services; the economic importance of non-traditional activities (share of manufacturing and modern services in GDP); merchandise export concentration; and the handicap of economic smallness.
India is a Middle Income Level Country (Listed as in WB Report) aand also a developing nation, though some socio-economic variables not agree with this argue for India. On the other hand Bangladesh is Least Developed and Low Income Country according to the definition of World Bank. Before ‘90s India also suffer low income, they also suffer same sort of economic crisis what Bangladesh is/was faced and then India overcome from that in late ’90, through gradually increased per capita GDP and maintain a constant healthy GDP growth over last few (1998 to 2010) year (about 7%-11%) which is reached them to a Developing Economy. Where Bangladesh still suffer the several economic crisis, due to inefficient production, technology, man power result in low production, lower per capita GDP, GDP growth less than 6% etc. the following figure shows the comparison of GDP growth of Bangladesh and India last 25 years (1986 to2010). The two figures show GDP Growth Pattern over 25 years (1986-2010) of Bangladesh and India. (According to the ADB country report of 2011)
The comparative figure between India and Bangladesh shows GDP growth in India is more zigzag and volatile