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India’s role in sharp economic growth of Bangladesh: a study of NDA regime after 2014

By: Ratna.
Material type: materialTypeLabelBookPublisher: Bihar Journal of Public Administration Description: 17(1), Jan-June, 2020: p.225-230.Subject(s): Economic growth, LDC, FDI, Indian-assistance, Bangladesh, India In: Bihar Journal of Public AdministrationSummary: Bangladesh was one of the poorest countries in South Asia and its people were facing acute miseries at the time when it came in existence in 1971. Even after passage of 30 years it remained so may be owing to political turmoil till the year 2000. But a miraculous change took place since 2001 from where it jumped from the status of Least Developed Country likely to be Developing Country by 2018-19. Thus, it becomes an urgent imperative to examine the factors that facilitated its sharp jump in economic growth and other parameters of human development index. It has been argued that the major motoring factors are foreign direct investment (FDI), information technology (IT) and remittances from migrants. So far FDI and remittances are concerned, the role of stronger Asian economies come to fore. The questions are – What are the factors that improved Bangladesh? Which of the big economies of Asian region facilitated its rise in last one and half decades, if it has least resources to develop? With these questions in mind the present paper intends to mark the role of India in shape of investments and grants, particularly since Modi led NDA came into power. Despite the arguments in favour of recent Chinese contributions to the economic rise of Bangladesh, India’s contribution can be rated higher than that of China. – Reproduced
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Articles Articles Indian Institute of Public Administration
17(1), Jan-June, 2020: p.225-230 Available AR124503

Bangladesh was one of the poorest countries in South Asia and its people were facing acute miseries at the time when it came in existence in 1971. Even after passage of 30 years it remained so may be owing to political turmoil till the year 2000. But a miraculous change took place since 2001 from where it jumped from the status of Least Developed Country likely to be Developing Country by 2018-19. Thus, it becomes an urgent imperative to examine the factors that facilitated its sharp jump in economic growth and other parameters of human development index. It has been argued that the major motoring factors are foreign direct investment (FDI), information technology (IT) and remittances from migrants. So far FDI and remittances are concerned, the role of stronger Asian economies come to fore. The questions are – What are the factors that improved Bangladesh? Which of the big economies of Asian region facilitated its rise in last one and half decades, if it has least resources to develop? With these questions in mind the present paper intends to mark the role of India in shape of investments and grants, particularly since Modi led NDA came into power. Despite the arguments in favour of recent Chinese contributions to the economic rise of Bangladesh, India’s contribution can be rated higher than that of China. – Reproduced

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