Bangladesh model of development at 50 years of victory

Bangladesh is celebrating 50 years of victory. This country has faced a numbers of challenges in this last 50 years of victory.  Once upon a time, Bangladesh had to endure the badge of a bottomless basket. But it is Bangladesh that has earned the status of rising from a least developed country (LDC) to a developing country. Bangladesh is now a surprise to the world in many global indices. The goal now is to become a developed and prosperous country by 2041.

This chart of development of Bangladesh has crossed the borders of the country and is now a role model abroad. According to a report in The World in 2020, a special issue of The Economist, a leading UK magazine published in March 2020, Bangladesh ranks 3rd in the list of top 10 countries in the world in terms of gross domestic product (GDP) growth. According to the magazine, in the next financial year (2020-21), the growth of Bangladesh will be 7.6 percent. And China has been dropped from the top 10 list. India ranks 10th.

 

 

Analyzing the report of the International Monetary Fund, the US news agency Bloomberg said that in 2019, the world GDP growth came to about 6 percent, out of 20 countries, Bangladesh is one of them. According to the Bangladesh Bureau of Statistics, the country’s GDP in the post-independence period (63-64) was Rs 7,585 crore. In 2021, the size of this GDP stands at 30 lakh 11 thousand 84 crore.

 

Honorable Fellow of the Center for Policy Dialogue (CPD) on this growing development progress of the country. Mostafizur Rahman told Kaler Kanth that Bangladesh has a lot to be proud of and proud of in its 50 years of journey. Our GDP growth, per capita income, food production, healthcare and living standards have increased. Bangladesh has also come a long way in terms of poverty alleviation.

Economic and social development is behind Bangladesh becoming a role model to the world. Although Bangladesh is a small country (93rd) in the world, Bangladesh is the 41st largest economy in the world in terms of GDP. According to a 2020 report by the Center for Business and Economic Research (CBER), a US-based think tank, Bangladesh ranks 16th out of 45 Asian countries in terms of GDP. And Bangladesh’s position in South Asia is after India. The report also said that the measure of how strong a country’s economy is is based on purchasing power parity (PPP). In this regard, Bangladesh is the 31st largest economy in the world.

The social achievements of Bangladesh in the last five decades are also eye-catching. The average life expectancy has increased from 47 to 72.6 years now. In the post-independence 1972-73 fiscal year, the per capita income of the country was 8 US dollars. At present it has risen to two thousand 254 dollars.

The progress of women’s education in the last five decades is also noticeable. According to the Annual Report on Public Instruction for the Year 1970-71, 27% of the total students in the country were female students.

Former caretaker government adviser Rasheda K. Chowdhury told Kaler Kantha that she has no hesitation in saying that the women of Bangladesh have come a long way in the last five decades. Not only sound education but his alertness and dedication too are most required. With examples, she added, “Although in our time only a handful of women are involved in different professions, now the participation of women is noticeable.”

Bangladesh also has a lot of progress in agriculture. According to BBS, it is fourth in the world in rice production and consumption. It is 11th in the world in production of all types of food grains, 26th in total production of fruits, 7th in production of mango and 10th in production of tea. And this country of Bengalis in fish and rice is the eighth country in the world in the production of fish resources, the third country in the production of natural weser fish and the top country in hilsa.