Bangladesh, a future tiger economy? Indian diplomat thinks so

With broad-basing of its industrial sector, Bangladesh could well be the tiger economy of the future, according to former Indian diplomat Ambassador Sarvajit Chakravarti.

Bangladesh has given itself a roadmap - Vision for 2041 - aimed at ending absolute poverty and graduating into higher middle-income status by 2031 and becoming a developed nation by 2041, he said. The country is making progress in several social and economic sectors, he added.

From agriculture to pharmaceuticals and from shipbuilding to garments, Bangladesh's industrial base is diversifying and its exports are increasing, said Chakravarti, who had served as India's diplomat in Dhaka twice, in an interaction with PTI journalists in its office at Kolkata.

"Bangladesh has made excellent progress in education, healthcare and basic social services. I see Bangladesh as a future tiger economy," Chakravarti added.

However, he said, this is dependent on India for some food items such as wheat and lentils. Shortages in India often result in stalling of these exports to the detriment of people in both the countries, reports our New Delhi correspondent.

"From when (US Secretary of State Henry) Kissinger called it a basket case' in 1971 to a country that has exceeded India in per capita income (last year), Bangladesh has come a long way. It is justified that there is a lot of pride associated with Padma bridge and the international agencies that had refused to fund it are now congratulating Bangladesh on its completion, he said.