Pakistan vs Bangladesh Economy – ‘Do Takke’ became a joke, ‘Bangladesh’ overtook Pakistan, GDP is better than Pakistan, know how it all happened

Dhaka. India’s two neighboring countries, Pakistan and Bangladesh, are extremely backward in terms of foreign exchange reserves. The Indian economy’s alarm bell is sounding all over the world. India remains at the fifth position in the world in this field. By contrast, neighboring countries are extremely backward economically. Especially when it comes to Pakistan, it is facing a huge economic crisis due to its failed policies and terror.

On the other hand, the economy of Bangladesh, known as East Pakistan until 1971, remains in a better condition than Pakistan. To be fair, despite the economic difficulties, Bangladesh’s GDP is still better than Pakistan’s. And compared to Pakistan, inflation has also been recorded very less in Bangladesh. The Bangladeshi taka is now in a stronger position than the Pakistani rupee.

According to experts, during the Indo-Pakistani war of 1971, when East Pakistan came into existence as a separate country in the form of Bangladesh, no one believed at the time that this country would go forward. . Today, Pakistan is complaining about bread and Bangladesh is sitting for a lot of foreign exchange reserves. Pakistan has not had this stock for more than three weeks only. It’s only $3.67 billion. On the other hand, Bangladesh’s foreign exchange reserves currently stand at $34 billion. Talking about the population of Pakistan, it is 225 lakh while the population of Bangladesh is 166 lakh. Life expectancy in Bangladesh is 73 years while in Pakistan it is 67 years. In Bangladesh, 96% of people have electricity in their homes, while in Pakistan the figure is 75%.

Meanwhile, the long Russian-Ukrainian war is creating economic hardship for Bangladesh. Despite this, it remained in a better economic condition than its neighboring country, Pakistan, even during this crisis. What is surprising is that in the 1990s, Pakistan compared itself to India.

Indo-Pak was once tied in economic power
It was believed that many opportunities present in this country can bring it to the level of India. Much has also been said about the progress of these two South Asian countries. The GDP of both countries was the same and the economic strength figures of both were almost similar. The Indian rupee was in a strong position.

Pakistan, which equals India, is now even behind Bangladesh
But in just two decades, that scene has changed. Now, it would be futile to compare Pakistan to India. What is surprising is that Pakistan, which is equal to India, is now behind even Bangladesh, which was once part of it. Today, Bangladesh competes fiercely with Pakistan in terms of economy. It is also believed that one of the main reasons behind this is its better relations with India. Prime Minister Narendra Modi himself also visited Bangladesh.

Bangladesh’s “taka” strengthens since 2008, Pakistani rupee weakens
On Pakistan’s poor economic situation and Bangladesh’s improving situation, experts believe there were once jokes about Bangladesh’s vaccine. But the strength of this vaccine has worsened Pakistan’s condition. Since the year 2008, the ‘taka’ of Bangladesh was strengthening and the Pakistani rupee was weakening.

Bangladesh was becoming the investor’s choice over Pakistan. Pakistan is infamous in the world due to its nefarious activities and terrorism. Not only that, Germany’s largest textile company is also giving advice in Pakistan. Advises to increase safety standards on Bangladesh lines, so that textile exports can be increased.

Bangladesh is ahead of Pakistan even in terms of per capita income.
According to World Bank data, since 1971 the GDP of Bangladesh has increased from $8.75 billion to $416 billion in 2021. On the other hand, if we talk about Pakistan, in 2021 its GDP was $346 billion. In 1971, this figure was $10.67 billion. But Bangladesh’s per capita income is $2,503 and Pakistan’s is $1,538. This is about 60% more than in Pakistan.

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