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Ohh lalaOh so Kanglus are questioning their GDP again
Statistics given by Hasina regime need urgent correction
One of the reasons why the country’s economy fell into a big crisis during the Hasina regime is the manipulation of statistics.www.thedailystar.net
If you had ever asked an economist or development practitioner in private about the quality of data provided by the Bangladesh Bureau of Statistics (BBS) before 5 August, the answer would have varied from 'not so great' to 'absolute rubbish'. Off the record, one prominent economist even went as far as saying, "Don't ask me to comment on those lies."
The recent findings from the Bangladesh Institute of Development Studies (BIDS) corroborates the notion; the 'User Satisfaction Survey 2024' reveals that only 29.39% of users expressed satisfaction with the quality of data provided by BBS.
Under the Awami League regime, the agency faced serious allegations of inflating economic figures — particularly concerning GDP growth — and deflating inflation rates, which were used to project a rosy economic picture.
"Sensitive data was doctored to suit the political narrative," he said, "also, the government had the privilege to manipulate and hide sensitive data as well. They manipulated the data opportunistically and made it politically palatable. Ministers who were proficient in data manipulation were rewarded.
"National income account was shown to be larger than the actual figure, so that per capita income could be inflated. At the same time, inflation data was downsized. Why would you think the inflation rate hovered around 9%, but never crossed 10%? Because it was never shown."
This issue became more pronounced in the sensitive branches that handled critical economic indicators, where data discrepancies were most prominent. Over time, this interference led to significant distortions in the published data, which misled not only domestic audiences but also international development agencies, as development partners like the World Bank relied on BBS data. Even then, there was scepticism.
The sharpest decline was seen in methodological indicators, where the score fell from 70 in 2014 to a mere 30 in 2020. This drop, significantly lower than South Asia's average score of 69, raised red flags among international development organisations and economists alike.
Moreover, like the US or India, there should be private think-tanks that can calculate large-scale data.
Ohh lala
BBS: An agency that helped the AL weave its ‘development’ fable
Under the previous government, the Bangladesh Bureau of Statistics faced serious allegations of inflating economic figures — particularly concerning GDP growth — and deflating inflation rates. Authentic data might reveal a grim picture for the country’s economywww.tbsnews.net
Kanglus planning to invade India, Myanmar came out of syllabus
1 killed, 2 injured as Myanmar Navy opens fire, detains Bangladeshi fishermen
Five trawlers and 60 fishermen are still in the custody of Myanmar authoritieswww.tbsnews.net
Steal, rape, plunder, rob... that's all subcontinental Ms can do
Sadi hui kaum
View: https://x.com/VHindus71/status/1844386614719676918?t=7efq1sgV6KTgzk1msVkomA&s=19
Steal, rape, plunder, rob... that's all subcontinental Ms can do
Sadi hui kaum
View: https://x.com/VHindus71/status/1844386614719676918?t=7efq1sgV6KTgzk1msVkomA&s=19
Tweet is unnavailable
View: https://youtu.be/anB_JN7mFeM?si=9KogrLwdh4Mj7oZ6
Check this out, in my youtube recommended page. Wonder why?
View attachment 11868
meanwhile poor indian..."who hv no toilet, 750 millions poor, lesser per capita income than bangladesh, only 1% hv most wealth etc blah blah....... bought 45311 luxury cars in 2023". i guess indian fudged this number, just like their economy.Be jealous indianzz
View attachment 11849