The two figures show GDP Growth Pattern over 25 years (1986-2010) of Bangladesh and India. (According to the ADB country report of 2011) The comparative figure between India and Bangladesh shows GDP growth in India is more zigzag and volatile than Bangladesh before 2000 but maintain a constant growth rate over 7.5% after 2003 and as a result they have got a secure economic growth while growth rate of GDP is quite smoother than India but never reached in between 1985 to 2010 over 7% along with other contemporary economic crisis and pressure of large population.
Pattern and Sources of GDP Growth India and Bangladesh:
India economy is very large, about 1182 million of people b (2010) depends more on internal production sector than import. On the other side Bangladesh is small open economy and mostly depend on import rather own production, so the world economic crisis along with the internal crisis also affect the Bangladesh economy more than India Economy. So the size of GDP is not comparable but we can compare the percentage of GDP variable (Income Side) of these two countries. The following figure illustrates the structure of output of last 25 years.
The picture shows the comparative depict of Bangladesh and Indian production contribution on GDP from 1986 to 2010. We see Both India and Bangladesh tremendously depends on Service sector. At early ‘90s about 50% Bangladeshi GDP contributed by the Service sector and the scenario is not changed for Bangladesh, still Service Sector is about 52% of GDP now in 2010. But India depends less than 40% from 1986 to 1992. And India depends almost same on service, agriculture and industrial sector, then at mid of ’00 decade Indian GDP tends to Service Sector more and they reduce their dependency on from both Agriculture and Industry sector. So it is easy to conclude that the Growth in GDP is occurred through the Service Sector development in the Indian Economy. On the other hand, flourish in the RMG sector rapidly in Bangladesh after 1991 the labour forces from agro sector had switched in the Industrial sector, as a result contribution of Agriculture Production falls according with rise of Industry Sector. Growth in India accelerated significantly in the 1980s...