News Desk: In the last one decade, the export of readymade garments in Bangladesh has increased by 80 percent. At the same time, exports to India and Pakistan, two of the largest economies in South Asia, have declined. The US media outlet The Wall Street Journal reported on Wednesday (March 3).

According to the report, Bangladesh’s per capita income in 2011 was 40 percent lower than India’s. Bangladesh took over the country last year to make up for this shortfall. All in all, the country is now the emerging economic power of South Asia. Exports like South Korea, Vietnam and China are the main development force of Bangladesh.

According to Bangladeshi experts, one of the reasons behind the increase in garment exports is the huge number of women workers and low wages compared to other countries in the world. Such a presence of women in the field of labor is not noticeable in the whole of South Asia.

But along with the good news, there are also fears. Although Bangladesh’s exports increased, it could not leave Vietnam or Cambodia. Exports to these countries have tripled and doubled in the last decade, respectively. India can be thought of here. By the year 2000, India’s exports had suddenly increased manifold. Then it gets stuck in one place. So it is understood that there is no guarantee that the export rate will always increase.

Bangladesh can also go down to a place like India. There is no other sector in the export trade of Bangladesh except readymade garments. Bangladesh should follow the path of Vietnam to avoid this problem. Domestic traders should be encouraged to take part in other export sectors which are in high demand out of one sector. In this context, last week’s listing as a developing country is expected to further accelerate the economy of Bangladesh.