Sri Lankan Economic Crisis | An Alarming bell for South Asian Countries | An Analysis

This Video Shares the details about Sri Lankan Economic Crisis and How Countries Like Pakistan, Bangladesh and India should take Lessons from this.

#SrilankaEconomicCrisis #Pakistan #India

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Bangladesh at 50: From 'basket case' to rising economic star:
Before the onset of the coronavirus pandemic, the economy was growing rapidly, recording an annual expansion in the range of 8% for years.
The Asian Development Bank said that despite the hit from the pandemic, Even in coronavirus pandemic GDP growth was 4.5 in 2020. the Bangladeshi economy is recovering fast.
"Bangladesh also grows enough food now to feed its 165 million people. The country has a significantly reduced maternal and infant mortality rate than many other countries in the world, "
Bangladesh achieved middle-income country status in 2015 and is on track to leave the United Nations' Least Developed Countries list.
Currently, 98% of children nationwide have finished primary school, with more girls in secondary school than boys.
Literacy rate rose to 74.9 % in 2021 from 26.8 % in 1974
According to Global Gender Gap report 2021 by the world Economic forum, Having closed 71.9% of its overall gender gap, Bangladesh is the most gender-equal country in South Asia for the seventh time in a raw.
world Economic forum say the Muslim-majority nation over the years has invested heavily in the lives of women and girls. It has also made progress in combating child malnutrition and reproductive health.
With a GDP of over $409 billion (€362 billion), Bangladesh currently has the world's 37th largest economy and forecasts suggest that the size of the economy could double by 2030 and Bangladesh will be the world's 26th largest economy
Bangladesh has became a food sufficient Country , the country became 4th largest producer of rice 3rd in vegetable and 4th largest producer of fresh water fish in the world .
EXPENDITURE ALLOCATIONS: On allocations, consider first the big-ticket items. Education and Technology (15.7 per cent of Budget), Finance Division (15 per cent), Transport (11.9 per cent) make up nearly two-thirds of expenditures. Social Welfare, Agriculture, Local Government and Rural Development, Energy, and Health each get about, give and take, 5 per cent of the Budget. A third of all these expenditures will be spent via the Annual Development Plan. So most of the budget expenditure goes to Human development, Education, Health, infrastructure development and for productive sources.
Over 97% of medicine made in Bangladesh, Currently Bangladesh export medicine more than 140 country .
The garment industry emerged as one of the nation's success stories in recent decades. It is the second-largest globally, only surpassed by China, and rakes in over $35 billion a year from exports.in 2022 only RMG export crossed over 42 Billion USD
The sector employs 4 million people, the majority (80%) of whom are women, contributing to female empowerment.
Meanwhile, the Bangladesh government has set an overall target for exports amounting to $51 billion in 2022.
Remittances also play a major role in the economy, with Bangladeshi workers employed abroad transferring nearly $24.7 billion in the fiscal year 2021.
"Per capita income has increased in Bangladesh. Now it is 2550 USD higher than India .Foreign reserve almost 45 Billion USD
The improvement in female education has transformed the socioeconomic structure,
Providing scholarships for women's and girls' education is another factor. The women are now more articulate.
Net Enrollment in primary school 97.91%. Life expectancy more than 73 years .poverty rate is decreasing less than 10 %. more than 100 million people are using internet regularly.
Power sector also made huge milestone of 100% access to Electricity in the golden jubilee year.
The country successfully launched its first satellite " Bangabandhu -1 "on may 12, 2018 and became 57th country to have own satellite in space. Now Bangladesh preparing for 2nd satellite within 2025.
Bangladesh is not resting but building 100 Economic zone almost 11 Economic zone ready for production and also building 28 hi-Tec park for ICT export .Bangladesh has set a vision to be a developed nation within 2041 . Despite of facing cyclone, flood, climate change effect and very harsh border with army ruled Myanmar after all this happening in each and every year Bangladesh comeback strongly effectively in every sector of the country., ,