Business Standard

Bangladesh economy outshone India, now it must learn from its neighbour

Bangladesh's per capita national income is now higher than that of India next door

graph
Premium

Andy Mukherjee | Bloomberg
In the middle of the Covid-19 pandemic, and exactly 50 years after it became independent, Bangladesh passed a major test. Last year, the United Nations decided to strike the South Asian economy off its list of the world’s least developed nations. In fact, its per capita national income is now higher than that of India next door. Celebrations, however, were interrupted by a rude jolt: A hard-currency shortage serious enough to require a bailout by the International Monetary Fund.
 
Will the imbalance derail the graduation ceremony, which the UN has set for 2026? More importantly, will it slow down progress

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in