Exports exceed $5b for third straight month

[BananaRepublic]

Given import is being strangled by BoB’s control of Dollar supply - reserve should be back to 30 billion by late 2024.

Exports exceed $5b for third straight month

Home textiles shipments see positive growth after 17 months

www.tbsnews.net

 

[SoulSpokesman]

Great work by SHW and the people of BD, Kola bhai.

Regards

 

[BananaRepublic]

Great work by SHW and the people of BD, Kola bhai.

Regards

The losers predicted doom!

But Inflation is coming down globally - thanks to Russians beating the Ukrainian fascists.

Biden will be gone soon as well.

And Hasina having the last laugh!

 

[UKBengali]

The losers predicted doom!

But Inflation is coming down globally - thanks to Russians beating the Ukrainian fascists.

Biden will be gone soon as well.

And Hasina having the last laugh!

Yep and I do not want to take anything away from the performance of Indian economy but the Russia-Ukraine war has helped India(low cost Russia oil at discount and selling onto Europe at high margins), whereas it has negatively affected BD as it has faced the full brunt of higher energy and commodity prices.

BD economy is in pole position to reach 8%+ GDP growth as soon as the world economy stabilises again after 2024 hopefully.

 

[BananaRepublic]

Yep and I do not want to take anything away from the performance of Indian economy but the Russia-Ukraine war has helped India(low cost Russia oil at discount and selling onto Europe at high margins), whereas it has negatively affected BD as it has faced the full brunt of higher energy and commodity prices.

BD economy is in pole position to reach 8%+ GDP growth as soon as the world economy stabilises again after 2024 hopefully.

Nice to see you back.

Economist did a nice piece on the underlying reasons behind India’s growth under Modi.

It’s mostly due to massive public spending funded by taxes on IT workers.

Specifically, direct handouts to the cowbelt poor.

It is not sustainable!

Whereas BD’s growth is underpinned by exports and remittances.

As the population of the west ages - BD’s remittance income will also rise.

 

[UKBengali]

Nice to see you back.

Economist did a nice piece on the underlying reasons behind India’s growth under Modi.

It’s mostly due to massive public spending funded by taxes on IT workers.

Specifically, direct handouts to the cowbelt poor.

It is not sustainable!

Whereas BD’s growth is underpinned by exports and remittances.

As the population of the west ages - BD’s remittance income will also rise.

India's long-term average GDP growth is probably around 5-6% a year, with BD at 7-8%.

This is not surprising as BD can be thought as like a higher performing Indian state like Gujarat or Karnataka, whereas the BIMARU states will always drag Indian GDP growth down.

During this decade will see the development of industries like Pharma, IT and electronics into multi-billion US dollar export earners and so reducing the reliance on garments and exports.

Apart from political stability and infrastructure, BD needs a major continued focus on education and technical training to be able to supply these industries with the workers they need to grow.

With Hasina is power for another 5 years at least, BD is in a good place and its future bright.

 

[GatlingGun]

Last 3-4 comments explain that Bangladeshi members are back with their khayali pulao , why not add @Bilal9 in your day dreaming club too. Why is he toiling on that defensepk dead forum.

 

[UKBengali]

Last 3-4 comments explain that Bangladeshi members are back with their khayali pulao , why not add @Bilal9 in your day dreaming club too. Why is he toiling on that defensepk dead forum.

BD average GDP growth over the last 15 years has been around 1-2% a year higher than India.
These are not predictions but simple empirical data.

No one is putting down India here but trying to explain the reasons why India lately is growing faster than BD. It won’t last for much longer.

5-6% GDP growth is still pretty impressive for such a large and diverse country like India.
It will mean that like BD it will enter “middle income” status by around 2030.

 

[GatlingGun]

BD average GDP growth over the last 15 years has been around 1-2% a year higher than India.
These are not predictions but simple empirical data.

No one is putting down India here but trying to explain the reasons why India lately is growing faster than BD. It won’t last for much longer.

First diversify your economy , then brag about percentage, there a limited amount growth in low value garments.


Below is the economic complexity index. Read it , it would help for the shock in future. See your company and ours.

Economic Complexity Index - Wikipedia

en.m.wikipedia.org

Bangladesh

 

[BananaRepublic]

First diversify your economy , then brag about percentage, there a limited amount growth in low value garments.


Below is the economic complexity index. Read it , it would help for the shock in future. See your company and ours.

Economic Complexity Index - Wikipedia

en.m.wikipedia.org

View attachment 24184

Bangladesh
View attachment 24183

In a hyper competitive world - you cannot excel in everything.

You have to choose 2-3 things and do them best.

India meddles in a lot of stuff but is mediocre in everything.

Which is why it chickens away from free trade deals.

Bangladesh has only scratched the surface with garments. Over this decade BD will take higher value garments from China - worth about 100 billion extra a year.

 

[GatlingGun]

In a hyper competitive world - you cannot excel in everything.

You have to choose 2-3 things and do them best.

India meddles in a lot of stuff but is mediocre in everything.

Which is why it chickens away from free trade deals.

Bangladesh has only scratched the surface with garments. Over this decade BD will take higher value garments from China - worth about 100 billion extra a year.

As I said . Look in the list see who you are listed with, and look at our vicinity. Is Turkey mediocre ?? Is Ukraine medicore which can build jet engine and marine gas turbine engine ??

Why don't you open the link. Can you find me a single country that stitched chaddi banyan and ranks top 50.

You survive on LDC status.. stop dreaming about undercutting others and developing simultaneously.

 

[nahtanbob]

Yep and I do not want to take anything away from the performance of Indian economy but the Russia-Ukraine war has helped India(low cost Russia oil at discount and selling onto Europe at high margins), whereas it has negatively affected BD as it has faced the full brunt of higher energy and commodity prices.

India purchased $40 billion of Russian oil. It is less than 1.3% for $3 trillion economy

 

[CallSignMaverick]

Given import is being strangled by BoB’s control of Dollar supply - reserve should be back to 30 billion by late 2024.

Exports exceed $5b for third straight month

Home textiles shipments see positive growth after 17 months

www.tbsnews.net

Congrats

 

[UKBengali]

As I said . Look in the list see who you are listed with, and look at our vicinity. Is Turkey mediocre ?? Is Ukraine medicore which can build jet engine and marine gas turbine engine ??

Why don't you open the link. Can you find me a single country that stitched chaddi banyan and ranks top 50.

You survive on LDC status.. stop dreaming about undercutting others and developing simultaneously.

BD has tariffs for garment exports to US and exports there has risen rapidly.

You need to research more about BD economy and it is not just all about garments anymore.

 

[GatlingGun]

BD has tariffs for garment exports to US and exports there has risen rapidly.

You need to research more about BD economy and it is not just all about garments anymore.

Okay tell us about other export of Bangladesh.

Btw educate yourself with Latest news flash .

Bangladesh's apparel export to USA dips over 25% in 2023

Bangladesh’s apparel exports to the US was $9.72 billion in 2022, according to the US Department of Commerce’s Office of Textiles and Apparel (Otexa) data.

www.tbsnews.net

Bangladesh's apparel export to USA dips over 25% in 2023
RMG
Jasim Uddin
10 February, 2024, 10:40 pm
Last modified: 11 February, 2024, 12:21 pm

Good luck surviving without LDC benefits.