Answer to Question #57102 in Macroeconomics for Sabrina

Question

I had a question : Does Bangladesh and India's economy face similar economic obstacles (Poverty, education, unemployment etc) or are they different in their own terms ? I'd be extremely grateful if you could answer this question as I really need it for my EPQ. Many thanks.

Answer 1

Bangladesh and India's economies face some similar economic obstacles, especially concerning availability of some resources, cultural background and geographical nearness of the countries. But as comparing at all India has better level of development in different branches of economy and of an economy as a whole as is one of the fastest developing countries in the world, and Bangladesh is a poor and not developed country.