Low per capital income and low standard of living and low per capital income and low standard of living is an important feature of backward economy which exists in Bangladesh. In 2006-07, the per capital income of the people of Bangladesh was only ৫ 520, which is very low compared to a developed or advanced economy. In addition, a healthy person needs to consume an average of 3,000 to 3,500 calories daily. But the average person in Bangladesh consumes less than 1,500 calories a day, which is characteristic of a backward economy.
Capital scarcity and scarcity of capital is one of the main features of backward economy. The people of Bangladesh are very poor and their per capital income is very low. As a result, their savings capacity is very low and the rate of capital formation is very low. Due to lack of adequate capital, full utilization of natural resources and manpower of Bangladesh is not possible. Therefore, it can be said that the economy of Bangladesh is backward.
Despite food problems and Bangladesh being an agricultural country, underdeveloped agriculture and rapid population growth have resulted in food shortages in this country every year. As a result, a large quantity of food grains has to be imported every year. In FY 2005-06, Bangladesh imported 22.75 lakh metric tons of food grains from abroad. You have to spend a lot of foreign currency to import food grains. As a result, it is not possible to procure necessary equipment and raw materials for the industry. Resulting in. Industrial development is hampered. This indicates a backward economy.
Rapid population growth and the population of Bangladesh is growing rapidly. As a result, the pressure of this growing population continues in the economy of this country. The total population of the country was 13.03 crore in 2001 which stood at 14.08 crore in 2008. According to the 2004 census, the population growth rate of the country is 1.42%, according to the 2008 projected census, the population density is 953 people per square kilometer. As the current rate of population growth is current, it slows down the pace of development and pushes development backwards. Therefore, it can be said that the economy of Bangladesh is backward.
Backwardness in education and how advanced or backward a country is economically depends on the progress or backwardness of education in that country. The rate of education in Bangladesh is very low. Most of the people in this country are now ignorant, uneducated and illiterate. According to the 2002 census, the adult literacy rate (15+) is 62.6%. Of these, the basic education rate is now below 36%, which is characteristic of a backward economy.