{"id":86295,"date":"2019-10-03T16:20:10","date_gmt":"2019-10-03T10:50:10","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=10615"},"modified":"2019-10-03T16:20:10","modified_gmt":"2019-10-03T10:50:10","slug":"explained-how-bangladeshs-economic-growth-is-stealing-indias-thunder","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/explained-how-bangladeshs-economic-growth-is-stealing-indias-thunder\/","title":{"rendered":"Explained: How Bangladesh\u2019s economic growth is stealing India\u2019s thunder"},"content":{"rendered":"\n<p><strong>News:<\/strong>The economic outlook update released by the Asian Development Bank(ADB) has shown how Bangladesh is the standout economy in terms of growth momentum in South Asia.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>What did the report said?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The report has said that Bangladesh has been experiencing high and consistently rising economic growth rate while maintaining a stable level of inflation.<\/li><li>In 2016,Bangladesh has been growing at over 7% and in 2019 it is expected to cross the 8% threshold as well.<\/li><li>On the other hand,India has seen a secular decline from 2016.The constant declining industrial productivity and sales suggests that the current financial year India is unlikely to get anywhere close to the 7%.<\/li><\/ul>\n\n\n\n<p><strong>What distinguishes Bangladesh from India?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The structure of Bangladesh\u2019s economy is quite different from India.<\/li><li>In India, the services sector contributes overwhelmingly but in Bangladesh there is a booming industrial sector.This allows its economy to create jobs.&nbsp;<\/li><li>In India,the bulk of the population is still stuck in the agriculture sector, which contributes the least to the GDP.&nbsp;<\/li><li>The industrial sector which has the maximum potential to absorb surplus labour from agriculture is struggling to grow fast enough and create employment.<\/li><li>Further,despite the trade war between the US and China intensifying over the past year,Bangladesh\u2019s exports have grown from 6.7% in 2018 to 10.1% in 2019.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The economic outlook update released by the Asian Development Bank(ADB) has shown how Bangladesh is the standout economy in terms of growth momentum in South Asia. Facts: What did the report said? The report has said that Bangladesh has been experiencing high and consistently rising economic growth rate while maintaining a stable level of inflation.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/explained-how-bangladeshs-economic-growth-is-stealing-indias-thunder\/\">Continue reading <span class=\"screen-reader-text\">Explained: How Bangladesh\u2019s economic growth is stealing India\u2019s thunder<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3872,3574,42],"class_list":["post-86295","post","type-post","status-publish","format-standard","hentry","category-economy","tag-bangaldesh","tag-economic-growth","tag-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704811030},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86295"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86295\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}