Photo: Collected
Photo: Collected

Towards a sustainable, developed Bangladesh

Bangladesh is now at fifty. Judging by the contour of history, it is not a very long time. In this short time, Bangladesh's development journey is, in short, awe-some. When Bangladesh began its development journey under Bangabandhu's leadership in 1972, its path was very narrow. It was a 'Methopath' (rural road). And today that trivial trail has merged with the broad highway of development. The then economy of $8 billion now stands at $355 billion. The per capita income has increased from $93 to $2,228. Starting with a growth rate of minus 12 per cent the country has been growing around 7 per cent now. Bangladesh economy withstood bravely the challenges of pandemic with its inner strength. While the global economy shrunk by 3.5 per cent, Bangladesh grew by more than 4 per cent  during last fiscal year. This would have been even higher if the world leaders were responsible enough to deliver the COVID-19 vaccine on time. Given all indications, Bangladesh economy will grow more than 7 per cent in this fiscal year. This also proves that leadership matters. On his way home from captivity Bangabandhu had short stopover on January 10, 1972 in New Delhi.  At the airport, in reply to a question of a journalist, Bangabandhu reassured that Bangladesh will be a land of 'Peace, Progress and Prosperity'. He always dreamed of a 'Golden Bengal'. He led an outstanding war of economic freedom to build a hunger and poverty-free Bangladesh defying the ruins of the war. He was desperate to take the country out of ashes to prosperity. In just three and a half years, he was able to raise the per capita GDP to $273 from a meagre $93. Unfortunately, that journey towards prosperity came to a sudden halt on August 15, 1975. The nation lost its greatest son. The economic progress became disoriented. As a result, in the two following years, Bangladesh's per capita GDP plummeted to a meagre sum of $138 and $128 respectively. It took 13 long years to bring our per capita GDP back to the level of 1975.

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