Home Business War-torn Bangladesh is the emerging economic power of the world in 53 years

War-torn Bangladesh is the emerging economic power of the world in 53 years

by Afonso
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In the 53 years of victory, the empowerment of women has increased, the poverty rate has decreased. Apart from increase in average life expectancy, per capita income, the country has achieved significant success in various indicators of the economy. Planning Minister MA Mannan says that the government has a plan to build a developed country in 2041. And economists say, the challenge now is to reduce the rich-poor disparity and corruption.

War-torn Bangladesh in 1971 was one of the poorest countries in South Asia. However, Bangabandhu’s various initiatives increased the per capita income from 94 to 278 dollars in just three and a half years. GDP growth is nine percent.

Although the GDP growth and per capita income did not improve much in the next three decades, the continuous development of the last century has reached a new level. The country is now self-sufficient in food. After the construction of advanced infrastructure including Padma bridge, third terminal, tunnels, Bangladesh is in the era of metro rail.

Third terminal constructed at Hazrat Shahjalal International Airport.  file image

In 53 years of victory, the per capita income increased to 2 thousand 765 dollars. The target of gross national product is 7.5 zero percent.

Railway at Padma Bridge.  file image

In this context, Planning Minister MA Mannan said, ‘We have planned to go to Qatar, a developed country within 41 years. In the meantime, we have achieved many things including reducing poverty, education rate, child mortality. But to continue this trend, we have to get out of the politics of violence and destruction.’

Bangabandhu Tunnel built in Chittagong.  file image

Economists say that the country has improved in the socio-economic sector. However, political division and personal corruption are major obstacles to development.

Metrorail.  file image

Economist and development thinker. Kazi Khalikuzzaman Ahmad said, ‘We have progressed in several economic indicators in the last decade. We are still progressing very well. However, due to the high political division, many cases have to be faced with obstacles. But if everyone goes beyond individual interests and gives importance to the interests of the country, then we can build the foundation of a stronger economy.

Even developed countries are struggling to deal with global crises like the Corona pandemic and the Ukraine-Russia war. However, Bangladesh has maintained its economic progress by confronting these issues.



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