Despite being small in size and quite
densely populated, Bangladesh has made a Glorious and Enviable position in the World
in at least 13 sectors with limited resources in the 50 years since the Independence
which indicates Development of Bangladesh. In these sectors, Bangladesh is in
the list of top 10 countries in the world. In some cases, Bangladesh has got benefits
of nature and geographical location. Most of the success has been achieved by
hard work and sincerity of the people of the country.
Some policies and decisions of the Governments
of Bangladesh have played an important role in creating such a position
worldwide, so has the contribution of the enterprising ordinary people. After
the independence, the entrepreneurs have built a strong private sector economy
by setting up businesses and industries by facing lots of difficulties and obstacles.
Now after 50 years, the world is watching the Development of Bangladesh, Rising
Economy of Bangladesh which has achieved by contribution of all. In some cases,
the name Bangladesh is marked after big some countries like China and India
even first in some cases.
Analyzing the latest data from the Food
and Agriculture Organization of the United Nations (FAO), Bangladesh Bank,
Department of Agricultural Extension (DAE), Export Promotion Bureau (EPB) and
Information and Communication Technology (ICT), Development of Bangladesh has
been ranked in the Top 10 in 13 different sectors around the Globe.
First in Hilsa (Ilish) production:
Bangladesh accounts for 86% of the
total Hilsa produced in the world, which is 5 lac 33 thousand of tons in a year.
However, it is believed that the production of Hilsa fish will be 7 lac tons within
recent years. Even four years ago, Bangladesh's share in the world's total Ilish
production was 65 percent. India is second and Myanmar is third in this sector.
Besides, small amount is also produced in Iran, Iraq, Kuwait and Pakistan.
First in Jute export, Second in Jute production:
Jute was once known as the Golden
Fiber of Bangladesh. Now due to some initiatives taken by the government, Bangladesh
has become the first in the world to export jute and jute products. 285 types
of products made from jute are now exporting worldwide. Due to recent
development of Bangladesh in this sector the country has become the second
largest producer of jute in the world. The amount of production is 13 lac 35
thousand tons, which is 42 percent of the total production of the world. India is
the first in Jute production which is about 2 million of tons. India accounts
for 55% of world production. China is in the third position with 45,000 tons of
production.
Second in Freelancing or Outsourcing:
Educated youth of the country are now
choosing freelance or outsourcing as a profession. Freelancing is the process
of concluding work contracts through online with various individuals or
organizations and delivering them online. At present, the number of total freelancers
in the IT sector in Bangladesh is six lacs, which is about 27 percent of the
world's percentage. Due to Development of Bangladesh in this IT sector our
country is in the second place. India holds the first position based on the number
of freelancers.
Second in the Ready-Made-Garments
(RMG) Sector:
Bangladesh is now the second largest
exporter of readymade garments products in the world. In the last fiscal year
2019-20, Bangladesh exported garments worth USD 27.5 billions, which is 6.8
percent of the world's total garment exports. The RMG sector is playing an
important role in the development of Bangladesh economy. China is the first
exporter of garments in the world and their share is 30.8 percent. Vietnam is
in the third position with 6.2% export share.
Second in Jackfruit production:
The world produces 3.7 million tons of
jackfruit annually. Bangladesh ranks second in the world in the production of
this delicious and healthy fruit. The annual production is 1 million tons.
India is the world's largest producer of jackfruit with 1.8 million tons.
Indonesia and Thailand holds the third and fourth positions.
Second in Goat Milk:
Bangladesh is now self-sufficient in
cow and goat production. Bangladesh has taken a place globally by increasing
the production of cows and goats. According to the FAO report, Bangladesh has
been consistently improving its global index in terms of goat numbers, meat and
milk production. In particular, Bangladesh is second in the world in goat milk
production and fourth in the world in the number of goats and meat production.
India and China are the top two countries in the world in goat production.
Third in Freshwater Fish production:
Bangladesh is now the third largest
freshwater fish producer in the world. According to the FAO report, despite the
poor condition of rivers, the country produces 10 percent of the world's freshwater
fish. China is first with 16 percent and India is second with 14 percent
production in this sector. According to the FAO, Bangladesh will be the first
of the four countries in the world that will achieve huge success in fish
farming by 2022 then Thailand, India and China. Fish production has increased
by 53 percent in the last 10 years and fish exports have increased by more than
20 percent. By creating huge employment in the rural area this sector is helping
the Economy and Development of Bangladesh.
Third in Vegetables production:
Bangladesh is the third largest
producer of vegetables in the world. The annual production is 16 million tons.
In this case, the top position holds by China, the second position by India.
Success and diversity in vegetable cultivation has come as a result of private
companies inventing and marketing hybrid or high yielding (Ufshi) seeds
suitable for year round cultivation. At present, 60 types of vegetables are
being produced in the country, with the participation of 16.2 million farmer
families.
Fourth in Rice production:
The Rice is the main food of Bengalis.
After independence, when the total population was 75 million, there was food
crisis in the country. We had to continue by importing. But now Bangladesh is
self-sufficient in paddy / rice production even after reducing the amount of
cultivable land across the country. According to the US Department of
Agriculture, Bangladesh produced 52.6 million tons of paddies in the last
fiscal year 2019-20, which is the fourth highest in the world. China is the
first to produce 148.5 million tonnes, India with 116.4 million tonnes. In a
message on the occasion of Krishibids Day on 12 February 2021, Prime Minister
Sheikh Hasina said, "The combined efforts of farmers, agriculturists and
the current government's favorable agricultural policies and incentives are
contributing to the achievement of food self-sufficiency. Land is declining in
this densely populated country. Even then, the increase in agricultural
production is a surprise to the world.”
Sixth in Potatoes:
Bangladesh is now sixth in the world
in Potato production. One year before independence, only 9 lac tons of potatoes
were produced. Potato production has increased 11 times in last 50 years.
According to the FAO estimates, 10.2 million tons of potatoes were produced in
the last financial year. China is now the first in the world with 91.4 million
tons, and India is second with 49.7 million tons.
Eight in Expatriate Income:
More than 10 million Bangladeshis live
in different countries of the world, most of whom are workers and labors. They
send their hard-earned money to their parents, siblings, wives, sons and
relatives in the country. Bangladesh ranks eighth in the world in terms of
expatriate income. In the last financial year, the expatriate income or
remittance in the country came to about 20 billion dollars. In the same
financial year, India is in the first position with 7.8 billion and China is in
the second position with 6.7 billion. This foreign remittance is playing a very
important role in the economic development of Bangladesh.
Eighth in Mango:
Bangladesh is now the eighth largest
producer of Mango in the world. The annual production is 2.4 million tons. Before
10 years the position was 10th with 1.25 million tons production. In 2018,
Bangladesh rose to the seventh place. India is on top in mango production with a
production capacity of 15 million tons. China holds the second place. Now mango
is being cultivated all over the country. Himsagar, Gopalbhog, Langra and Fazli
mangoes were once cultivated in Rajshahi and Chapainawabganj area. At present,
Amrapali mango is being cultivated extensively in the southern and
south-western parts of the country.
Eighth in Guava production:
Bangladesh is currently ranked at Eighth
in the world with 1.05 million tons of Guava production. India is first with 17.6
million tons and China is second with 4.4 million tons. At one time, only local
guava was cultivated across the country but the revolution was brought about by
Thai variety and Kazi Guava. 10 species of guava have been developed from the
Germplasm Center of Bangladesh Agricultural University. Guava is cultivated
mainly in the southern and south-western districts of the country.
The whole world is watching the
development of Bangladesh in various sectors. The pandemic and the global
economic crisis have consequently left deep marks on South Asia but Bangladesh,
the fastest growing economy in this region, managed to mitigate the decline in
the second half of 2020 through recovery in trade and remittances. The economy
of Bangladesh is a developing market economy. The production capacity in the
above described sectors clearly indicates Sustainable Economic Development of
Bangladesh. Once we will hold the position in Top Ten largest economy in the
world!
Thanks,
Related:
Rice Varieties in Bangladesh | BINA and BRRI
Bangladesh Economy and Industrial Revolution
Bangladesh | Rice Production and Export
About Bangladesh Center of Advance Studies
Local or Deshi Fruits in Bangladesh
Exotic or Foreign Fruits in Bangladesh
Export Products to India is Increasing
Made in Bangladesh Cars | Introducing BANGLA CAR
