ISAS Briefs

Bangladesh recently met the criteria for graduating from a least developed country (LDC) to a lower-middle developing country. This marks the progress recorded by Bangladesh on economic as well as social and human development indicators. This paper compares Bangladesh’s economic progress in recent years with those of India and Pakistan. It argues Bangladesh’s ability to raise per capita income faster would enable it to catch up with Pakistan in the near future and reduce its economic gap with India, leading to a major economic realignment within South Asia.