Bangladesh’s Resilient Rise: From Liberation to Economic giant

Bangladesh's Resilient Rise From Liberation to Economic giant

On the 16th of December 1971, Bangladesh emerged as an independent nation following a brutal war of liberation against Pakistan. The victory marked not only the birth of a new country but also set the stage for a challenging journey towards economic development. The analysis of Bangladesh’s evolution into a current strong economy involves understanding the post-war struggles, strategic economic policies, and the remarkable resilience of its people.

The Bangladesh Liberation War, also known as the 1971 Indo-Pak War, was a pivotal moment in the nation’s history. The conflict was fueled by political and economic disparities between East and West Pakistan, and it culminated in widespread atrocities by the Pakistani military. The war for independence left deep scars, with significant human and infrastructural losses. However, the resilience exhibited by the Bangladeshi people during these trying times laid the foundation for the nation’s reconstruction.

In the aftermath of the war, Bangladesh faced numerous challenges, including rebuilding a war-ravaged economy and establishing governance structures. The initial years were marked by economic instability, but a gradual shift occurred with the adoption of pragmatic economic policies. The government focused on key sectors such as agriculture, textiles, and labor-intensive industries to spur economic growth. The implementation of land reforms aimed at equitable distribution played a crucial role in empowering the rural population, contributing to the overall economic development.

One of the pillars of Bangladesh’s economic success has been the thriving textile and garment industry. Leveraging its abundant labor force, the country became a global hub for textile manufacturing. The ready-made garment sector, in particular, experienced exponential growth, earning Bangladesh a reputation as the world’s second-largest apparel exporter. The industry’s success was propelled by factors like cost competitiveness, improved infrastructure, and adherence to international quality standards.

Moreover, Bangladesh strategically diversified its export portfolio, venturing into sectors like information technology and remittances. The remittance inflow from Bangladeshi expatriates working abroad became a significant contributor to the country’s foreign exchange reserves, providing stability to the economy. The government implemented policies to encourage the growth of the IT sector, fostering innovation and creating a conducive environment for technology-based industries.

Infrastructure development has been another key focus area for Bangladesh. The government invested in building roads, bridges, and ports to facilitate trade and connectivity. These infrastructure improvements not only boosted domestic economic activities but also enhanced the country’s attractiveness to foreign investors. Bangladesh’s strategic location, bridging South and Southeast Asia, has made it an ideal trade and investment destination.

The agriculture sector, too, underwent transformations with the adoption of modern farming techniques and technology. Bangladesh achieved self-sufficiency in food production, reducing dependency on imports. The success in agriculture, coupled with social development initiatives, contributed to poverty reduction and improved living standards for many Bangladeshis.

In recent years, Bangladesh has also embraced sustainable development practices, recognizing the importance of environmental conservation. Initiatives to address climate change challenges, promote renewable energy, and ensure responsible industrial practices showcase the nation’s commitment to long-term economic sustainability.

In conclusion, Bangladesh’s liberation evolution into a current strong economy is a testament to its resilience and strategic economic planning. Overcoming the challenges of its early years, the nation has diversified its economy, focused on key industries, and invested in infrastructure and human development. The remarkable journey from the ravages of war to economic strength underscores the indomitable spirit of the Bangladeshi people and their commitment to building a prosperous and sustainable future.

What if US Trade Sanctions on Bangladesh

What if US Trade Sanctions on Bangladesh

The prospect of the United States imposing trade sanctions on Bangladesh due to political instability raises significant concerns about the economic and diplomatic repercussions for the South Asian nation. In this analysis, we will explore the potential impact of such sanctions on various sectors and assess the broader implications for Bangladesh’s economy and international relations.

Political Instability:

Bangladesh has experienced periods of political turbulence, marked by tensions between major political parties and challenges to democratic institutions. The threat of trade sanctions from the United States is often linked to concerns about the state of governance, human rights, and democratic processes in the country.

Economic Impact:

  1. Export Sector: Bangladesh is a major player in the global textile and garment industry. Trade sanctions could severely hamper its exports, affecting millions of workers employed in the textile sector. Reduced access to the US market could lead to a decline in export revenue, negatively impacting the country’s balance of payments.
  2. Remittances: A significant portion of Bangladesh’s economy relies on remittances from overseas workers. Trade sanctions could potentially lead to job losses in the export sector, subsequently affecting the flow of remittances, which is a crucial source of income for many Bangladeshi families.
  3. Foreign Direct Investment (FDI): Political instability and the threat of trade sanctions may deter foreign investors, impacting Bangladesh’s ability to attract FDI. This could hinder economic growth and the development of key sectors, including infrastructure and technology.

Diplomatic Relations:

  1. US-Bangladesh Relations: The imposition of trade sanctions would strain diplomatic relations between Bangladesh and the United States. Diplomatic channels would likely be affected, complicating efforts to resolve political and economic issues through dialogue.
  2. Impact on Regional Dynamics: The geopolitical landscape in South Asia could also be influenced by such sanctions. It may lead Bangladesh to seek alternative trade partners and alliances, potentially shifting its economic and diplomatic focus away from the United States.

Mitigation Strategies:

  1. Addressing Political Instability: To avert trade sanctions, Bangladesh could take proactive measures to address concerns related to political instability. Strengthening democratic institutions, promoting good governance, and engaging in constructive dialogue with opposition parties may help alleviate international apprehensions.
  2. Diversifying Trade Partnerships: Bangladesh could explore opportunities to diversify its export destinations and reduce dependency on any single market. Strengthening trade ties with other countries and regions could help mitigate the impact of potential sanctions.
  3. International Advocacy: The Bangladeshi government could engage in diplomatic efforts to convey its commitment to addressing political challenges while advocating for understanding and support from the international community.


The looming threat of trade sanctions from the United States presents a critical juncture for Bangladesh, necessitating strategic and diplomatic actions to mitigate potential economic and political consequences. Addressing the root causes of political instability, diversifying trade partnerships, and engaging in international advocacy are crucial steps for Bangladesh to navigate this challenging scenario and secure its economic future on the global stage.

India’s Garment Manufacturing Potential: A Roadmap for Make in India

Unleashing India's Garment Manufacturing Potential A Roadmap for Make in India

India’s Make in India initiative has played a crucial role in changing the nation’s manufacturing environment and establishing it as a hub for global manufacturing. Particularly seeing rapid growth, the garment manufacturing industry has emerged as a key driver of India’s economic development. This study intends to examine India’s vision for the clothing industry, stressing the crucial elements that have contributed to its success and outlining the difficulties and opportunities that lie ahead.

Introduction of Manufacturing potential: The 2014 launch of the Make in India campaign intended to increase manufacturing in India and draw in both domestic and foreign investment. The garment manufacturing industry has become a key emphasis area in line with this program because of its potential to increase employment, exports, and skill development. The goal of India’s aim for the industry is to make it technologically sophisticated and internationally competitive.

Factors Driving India’s Vision in Garment Manufacturing:

vast Workforce: India has a vast labor base that is both skilled and semi-skilled, giving it a competitive advantage in the clothing manufacturing industry. Companies are able to meet the demands of both domestic and international markets because to the availability of a large workforce.

Cost-Competitiveness: India is a desirable location for the manufacture of clothing because the cost of labor there is relatively inexpensive when compared to other manufacturing centers. The competitiveness of Indian clothing on the international market is increased by this cost advantage.

Government Support: As part of the Make in India effort, the Indian government has developed a number of policies and measures to boost the manufacturing of apparel. The expansion of the sector has been aided by policies including streamlined regulatory frameworks, tax incentives, infrastructural development, and reforms to make doing business easier.

India has acknowledged the value of skill development in raising output and quality in the apparel manufacturing industry. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and National Skill Development Corporation (NSDC) programs, among others, have been crucial in delivering industry-relevant training and improving workforce skills.

Opportunities and Challenges

Infrastructure: India’s infrastructure, particularly logistics and transportation, still needs to be developed despite advancements. Infrastructure bottlenecks must be addressed in order to ensure smooth supply chain operations and shorten lead times.

Adoption of technology: For India to compete on a global scale, it is essential to incorporate cutting-edge industrial technologies like automation, robotics, and digitization. The industry’s capabilities can be improved by encouraging technological investments and promoting research and development partnerships.

Sustainable Manufacturing: Sustainable and ethical manufacturing techniques are receiving more attention on a global scale. Through the promotion of environmentally friendly production techniques, the reduction of water and energy use, and the enforcement of fair labor practices, India has the chance to establish itself as a pioneer in sustainable garment manufacturing.

Conclusion: The Make in India initiative’s goal of making India a worldwide manufacturing powerhouse and India’s ambition for the apparel industry are complementary. A competent workforce, cost competitiveness, government assistance, and a focus on skill development have all contributed to the sector’s rise. In terms of infrastructure and technology adoption, there are still issues. By taking on these issues and adopting sustainable techniques, India may establish itself as a major force in the world’s garment manufacturing sector, fostering economic expansion, job creation, and export promotion.

Bangladesh has topped by GDP growth.

Bangladesh has topped by GDP growth.

Gross domestic product ( GDP ) is Most usages measuring criteria of a country’s economy. According to the recently released “Spectator Index-2019”. Bangladesh has topped in the list of growth rate, from 2009 to 2019. The growth success based on various internal matters like pertaining to politics, economics, history, military affairs, sports, over growing science and technology.

Bangladesh booming its economy rapidy last decade. basically based on ready made garments (RMG) sector. where its gets more than 85% contributions. This sector performed very well in recent years and currently; US-China trade war by getting many more extra production order. Infrastructure of garments manufacturing factory in Bangladesh, has improved a lot. After several historical unexpected accident like Rana plaza collapsed and horrible Fire incident of Tazreen factory.

Last year the government of Bangladesh has increased the minimum wage from 8,000/= BDT per month (Approximately $94.8494 USD).

Sudden improvement of infrastructure, wage and still cheap price. Bangladesh has implemented several safety law like, Fire, building, working environment and many more. Worker and every office stuff take part in every months Fire and civil defiance drill. So The international customers show significant positive impact for placing more production order.

You might be interested to read about economy & GDP.

World Bank has released the statistics of last financial year. where the economy size was about $274B dollar, instead it was $102B dollar in the year of 2009. The GDP (nominal) size surpassed the $314.656B mark in June and per capital $1,888 showed by government’s figures.

According to a chart; was posted on The official accounts of pectator Index’s Twitter and Instagram.

Past decade the GDP growth are following.

Bangladesh’s grew 188%.
Ethiopia’s grew 180%.
China’s grew 177%.
India’s grew 117%.
Indonesia’s grew 90%.
Malaysia’s grew 78%.
Australia’s grew 41%.
Brazil’s grew 17 %.

Bangladesh is now the 29th largest economy in the world. As per the latest GDP ranking based on purchasing power parity (PPP) published by the International Monetary Fund.