By Rana Danish Nisar
During the time of independence Bangladesh was globally considered as a deprived, underprivileged and unfortunate country, which may not even bear the burden of its own problems in the coming days.
The largest population, lack or resources, low literacy rate, extreme poverty, limited natural resources and multiple challenges i.e. political, economic, security and safety of state’s sovereignty were written in the fortune of new born de-facto and de-jure state of South Asia and left one question that will this newly born state survive in impending days. The time of independence was really tough for Bangladesh owing to in-depth deprived as well as destitute economy. The present study in hand will shed lights on the excellent Journey of Bangladesh that how one state with in-depth economic deficiency has been turned into economic efficient state or economic tiger?
Soon after the independence, the comments of ambassador of American national security Mr, Kissinger for Bangladesh were really miserable. He hypothesized that “this state may not even bear the encumbrance of its own problems and will be survive as a dependent state and its dependency will be on major powers or financial institutions. But after 50 years, Bangladesh and its supreme leadership naught the words of Kissinger.
During the time of Independence and during the time of 1973-74, the production rate of Bangladesh was 3.6% and PCI (Per capita Income) was 129 US$. That time, the poverty percentage in the country was closely 60% and the exports income was almost nearly 29000000 (PKR). But now, after the 50 years, the Bangladesh annual income is in billions USA$. In the year of 2020, Bangladesh earn 39.6 Billion USA$. In the time of covid-19 pandemic, the growth rate of Bangladesh GDP was 5.24%. Now, the per capita income in Bangladesh is nearly 2017 US$ which is eighteen time more than during the time of independence. The Poverty ratio of country is now stand on the scale of 20% as compare to 60% in 1973-74.
According to world renewed economists, Bangladesh will enlist its name on 25th number as powerful economic giant by the year of 2035 and will remove it’s named from developing countries. In the year of 1975, United Nations enlisted Bangladesh as destitute developing country and deprived country because Bangladesh was unable to fulfill the main three provisions of developed or even developing countries. But now, in the years of 2018 and 2021 respectively, Bangladesh has been twice accomplished three main provisions.
According to the United Nations institute of economic and social, if any state accomplish twice time the three provisions of UN after every three years economic checking, United Nations will oblige that state as emerging economic state and will remove its name from low developing countries. The three provisions are the following; I- PCI (Per Capita Income) Index, II- Economic Stability Index, III- Human Development index. The minimum stranded of United Nations in the context of Per capita Income is 230 USA$. In the context of Economic stability index, state must stand at least less than 32 out of 100 and Bangladesh stands on 25. Moreover, while approaching the Human development index, state must have 66 scores and Bangladesh has 73 scores.
The succeeding paragraph will highlight in which sector Bangladesh is working brilliantly aim to boost-up its economy. The export income of Bangladesh is growing drastically for many pervious decades. The income of overseas Bangladesh is also playing its constrictive role in the rising economy of Bangladesh. The two industrial and agriculture sectors have been mounting with the largest contribution in the state’s economy. Basically, the entire nation has at least marginal employment which is playing admirably its role in State’s Income. Initially, people were directly or indirectly connected with agriculture in the 1980s era but now the industrial sector has been replaced the agriculture sector. Particular, the readymade garments industry is flourishing exceptionally and Bangladesh’s 85% national income is connected with this sector.
No doubt, without leader, one nation cannot get progress. As John C. Maxwell said:
“A Leader is one who, knows the way, goes the way and shows the Ways”
In the industrial and garments sectors, the majority employees are women and Bangladesh women are playing their Vitol role in it. “Hasina Sheikh” as Prime Mistier of Bangladesh has been proved herself as charismatic leader of Bangladesh and she also the prime ambassador as well as role model for the women of Bangladesh.
In the context of power of state, “Hasina Sheik” believes that without human resources development the development of nation seems impossible. The health sector of Bangladesh does a lot of care the health of Mother and kids. According to the national health index of Bangladesh, in the time of 1974, the death ratio of newly born babies were 174/1000 but in the year of 2018 the ratio is 22/1000. In the year of 1981, the death ratio of children from less than five years age was 212/1000 but now the ratio in 2018 is 29/1000. In Bangladesh, the multinational, national organizations are giving their services in health sectors aim to build-up the morale of Mother and newly born babies and health sector.
Without any external loan, Bangladesh is constructing 3 billion USA$ worth bridge at River of “Padma”. Summarily, No doubt, the progress of Bangladesh is highly appreciated and acknowledgeable and lesson as well as role model for other deprived nations.
Rana Danish Nisar The author is a PhD (International Relations) Student at the School of Politics and International Studies (SPIS). He holds Mphil in (International Relations), Masters in (Pakistan Studies), and Masters in (International Relations) degrees. He won acceptance Harvard Project for Asian and International Relations HPAIR (USA), 2017. His research interests are broadly in South Asian Affairs, South Asia Geo-Politics, India-Pakistan Relations, South Asian Nuclear Politics, US and South Asia, Indian Ocean, Security studies, South Asian developments studies.
(The views expressed in this article belong only to the author and do not necessarily reflect the editorial policy or views of World Geostrategic Insights).