Over the past decade, Bangladesh has gained increasing recognition as the stellar economic performer in South Asia. With a per capita income that is now higher than India’s, superior economic growth rates, less inequality, and in some instances better social indicators, Bangladesh has reason to celebrate its golden jubilee as an independent nation. The transformation from the trauma of 1971 is there for all to see. In the early years, foreign aid used to be equal to about a seventh of the country’s GDP; it now accounts for less than 2 per cent. This is no longer Kissinger’s “basket case”, not by a long chalk.
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First Published: Fri, March 26 2021. 19:06 IST