Bangladesh is in deep trouble after messing with India, this 'report card' will make Mohammad Yunus's government sweat.
During the corona pandemic, Bangladesh's GDP growth rate in 2020 was 3.45 percent, which was the lowest for the first time in decades.
Bangladesh, one of the world's fastest growing economies, is slowing down. Its economy has reached its lowest level in four years and there is no hope of the situation getting better in the future. bangladesh Bureau of Statistics (BBS) said that Bangladesh's GDP growth rate in 2024 was 4.22 percent.
Banks in bangladesh are also worried about the situation in the country. The country's reputed institutions like the Central bank and bangladesh bank estimate that the situation is not expected to be any better even in 2025. Both banks have projected the GDP growth rate to be between 4 and 5 percent this year. However, the World bank and the international Monetary Fund do not think so.
Last month, the World bank estimated Bangladesh's GDP growth rate to be 4.1 percent for 2025, while a month earlier the international Monetary Fund predicted Bangladesh's growth rate to be 3.8 percent.
Bangladesh's growth rate was 8.15 in 2019, which has come down to 4.22 percent in 2024. In last year's budget, the government had set a target of growing with a growth rate of 7.50 percent, which was later revised to 6.5 percent. However, the truth is that the government has fallen far behind the target.
During the Corona epidemic, the GDP growth rate in 2020 was 3.45 percent and this was the first time in decades. Although the government is not facing conditions like the Corona period, in the current state of the economy, bangladesh seems to be in the weakest position. According to the Dhaka Tribune, Bangladesh's GDP in the financial year 2024 was $ 450 billion, which is less than the estimate. In August, the GDP was estimated to be $ 459 billion. At the same time, if we talk about the per capita gross national income (GNI), it was also much less than the projection.
According to the report, the per capita gross national income was $ 2,738, while it was estimated that the GNI would be $ 2,784. BBS has blamed political instability, uncertainty, and policies for the economy. However, it is expected that the economy will improve in the years to come after 2025. The Central bank says that stability has now started coming in the country regarding political instability, uncertainty, and policies, the effect of which will be seen in the coming years. Next year, the GDP growth rate has been estimated to be 6 percent.
Bangladesh bank (BB) said that one cannot expect much in terms of the economy in the first six months of 2025 as the interim government is facing many challenges. Bangladesh's relations with India have soured in the last year. The attacks on Hindus, friendship with Pakistan, and the statements of the Yunus government on many issues related to both countries have greatly affected the relations. Talking about the indian economy, india is the fifth largest economy in the world and India's GDP growth rate in 2023-34 was 8.2 percent, while the total GDP was 3.89 trillion dollars.
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