NOT ONLY MIDDLE INCOME COUNTRY – A NEW BANGLADESH
Japan is one of the pioneers and big donors of Bangladesh; they are trying to do more invest here, even they little bit worried, about their ranking of investor in Bangladesh. They are thinking, China can take upper hand from them. Similarly, a soft tag of war is having always in between China and India.
In last month, World Bank has declared, Bangladesh is a lower middle-income country. It has given Bangladesh a certificate, but the economic activities of Bangladesh took a different shape from last two or three years. Before getting the certificate from World Bank, Bangladesh had taken some big decision, which indicate the economy of Bangladesh is transforming. Due to unethical influence of DR. Iunus, the noble laureate NGO business personality of Bangladesh, World Bank cancel the 3 billion US dollar loan in the Padma bridge project of Bangladesh, but the leader of Bangladesh, Sheikh Hasina, took it easily and she continue it by the own fund of the country. A leader, who is then three times’ opposition leader and two times’ Prime Minister, she only showed her teeth that she could bite- and she proved it. Padma bridge project is going fast. Besides this, last three or four month ago, Prime Minister Sheikh Hasina had declared, her country going to produce arms for export.
These two decisions are enough to prove, Bangladesh is not a poor country rather it proves that Bangladesh is an emerging economy. Besides, the foots of the economy of Bangladesh is so strong, in 2013 the Islamic fundamentalist did at least five-month urban guerilla war even they did same thing three month in the early of 2015 but it did not hamper the progress of economy of Bangladesh. Despite their activities, the big donor country of Bangladesh Japan and China were always with present government of Bangladesh. India took an extra ordinary position in favor of this government. The two donor and neighbors China and India took the stand not only for the sake of Bangladesh, it was for their own interest. The geo-political position of Bangladesh is also helpful for playing good cards for a talented leader of Bangladesh. Bangladesh is not only the lucrative for China and India for business and investment but also it is very much important for internal security of India even total South and South- East Asia.
The leader of Bangladesh, Sheikh Hasina is playing all the cards successfully. So very smoothly China and India are going with Bangladesh as a development collaborates on the other hand, Bangladesh is taking advantage from the both. That is why now India is going to develop Mongla, the second port of Bangladesh. On the other hand, China is going to develop an electricity hub in Bangladesh. Besides, last three month in many occasion, talking with the representative others Asian development partner, like Japan, Indonesia and Thailand; got the message they are very much interested to more invest here.
Japan is one of the pioneers and big donors of Bangladesh; they are trying to do more invest here, even they little bit worried, about their ranking of investor in Bangladesh. They are thinking, China can take upper hand from them. Similarly, a soft tag of war is having always in between China and India. Last month Indonesian minister and business delegation came to Bangladesh, for investing in electronic sector. Some Thai and Chinese joint company want to invest in Bangladesh in electricity sector. In Bangladesh, electricity and communication sectors are very much worthwhile for all the Asian countries.
So no doubt, the GDP of Bangladesh is running to the goal of two digits, and it will be reached soon. Interestingly it is showing in the daily life of Bangladesh. Bangladesh has passed its one of the main religious festival Eid in last week. In this festival people normally buy cloths, shoes, delicious foods but last two or three years it has expanded in many branches. People also buy from kitchen market to diamond. In the Ramadan month, the rush in the diamond show room is enough to understand how much increased the purchasing power of the people of Bangladesh; simultaneously, enter transaction in the Ramadan month is a mammoth amount. Even it is not by the one or two classes of the people of Bangladesh, in internal market, from street make- shift businessmen to riksha puller all are contributing. That is why; at least hundred millions buyers are always contributing in the internal market. So, internal market of Bangladesh is too big now. A market of hundred millions is always lucrative for any country.
On the other hand, spending capacity of upper middle class and middle class is now very strong. In the last week, some of the indicator of the Eid festival was enough to state it. Most of upper class family went aboard to celebrate their Eid vacation. Even some people fail to go abroad because of flight shortage. A large number of middle class families went tourist spot of inside the country. So many people rush there that; there was no room in any resort and motel, which was at least $ 100 per night. So, now Bangladesh is not only a lower middle income country but also a new Bangladesh.
JULY 23, 2015