Bangladesh which is officially known as the People’s Republic of Bangladesh is a country situated in the South Asia. It is the 8thmost populated country in the world. The country had partitioned from India as part of Pakistan during 1947 and later got its independence from Pakistan in the year 1971.
Recently the country has announced that it has achieved a per capita income higher than that of India. In this article let’s look at how the country surpassed India in regards to the per capita income.
The Per Capita Income of Bangladesh have seen an increase of up to USD 2,227 which is considered to be higher than India by USD 280 where India’s per capita income is USD 1,947. The planning minister of Bangladesh M.A Mannan had conveyed the cabinet of the country this week that the per capita income of Bangladesh had seen an increase from USD 2,064 to USD 2,227.
The Cabinet Secretary of Bangladesh, Khandker Awarul Islam had said that the country has seen a growth in their per capita income during the fiscal year 2020-21 which is a 9% growth from the previous year.
Reasons Why Bangladesh saw growth of the per capita income
The major reason for the growth of the per capita income of Bangladesh is due to the Awami League which took charge in the year 2009 according to Information and Technology minister of Bangladesh, Tarana Halim.
She conveyed that the leader of the country Hasina had focused on the economic and human development with a strong benefit for the poorest. She also added that the country has a strong civilian government which has benefitted from having a good relation with India.
Halim had also criticized certain Western Analysts who said that the growth of the country was due to the micro-credit NGOs in the country. She added that the micro-credit NGOs don’t invest in the education, infrastructure and connectivity which were the real reasons for the growth of the country.
Halim has conveyed that the country had invested heavily in these areas which had driven the growth and now the country is reaping the benefits of their investment. She also said that the foreign remittances have been another reason for the growth of the country.
They have grown into a strong pillar for Bangladesh with an inflow of around USD 3,500 million expected in the year 2021. She conveyed that it has become possible as the government had laid strict restrictions on the labour exports.
She also conveyed that the country has tightened the regulations on illegal migrations as those who go through an illegal mode wouldn’t send back remittances to the country.
FAQ
What is the per capita income of India at present?
India’s per capita net national income or NNI was around 126 thousand rupees in financial year 2021.
What is the per capita income of Bangladesh?
The per capita income of Bangladesh is $2,227.
What is Bangladesh’s main source of income?
Bangladesh is driven by its exports of ready made garments, remittances and the domestic agricultural sector.
Conclusion
Bangladesh is more pleased as they are way ahead compared to Pakistan, it considered as a sweet revenge for the cruelty by the Pakistanis towards the country which is the genocide of 1971 where around 3 million people where killed by the brutal army of Pakistan.
The President of a country is considered as the first citizen of that country. However, in some countries there would be a leader above the President. Some major countries are under the rule of a Prime Minister and would not have a President.
In addition to the salary, The President of India gets a lot of other benefits such as residence and other compensations. He also has special securities, a personal plane (Boeing 777-330 ERs aircraft) with Indian Air Force pilots, special cars for his travel, etc.
Here are the Salaries of Presidents of different countries.
The President of India receives the highest remuneration compared to any other Indian government officials. The President’s Salary per month is INR 5 Lakhs.
U.S.A
The President of the United States of America receives a remuneration of $400,000 (about INR 2 crores) per annum.
Afghanistan
The president of Afghanistan receives a remuneration of $13,400 (about INR 10 Lakh) per annum.
Albania
The president of Albania receives a remuneration of $ 19,665 (about INR 15 lakhs) per annum.
Algeria
The president of Algeria receives a remuneration of $ 168,000 (about INR 1.3 Crores) per annum.
Argentina
The president of Argentina receives a remuneration of $ 65,320 (about INR 48 lakhs) per annum.
Austria
The president of Austria receives a remuneration of $ 410,000 (about INR3 crores) per annum.
Bangladesh
The president of Bangladesh receives a remuneration of $ 17,100 (about INR 13 lakhs) per annum.
Brazil
The president of Brazil receives a remuneration of $ 102,524 (about INR 75 lakhs) per annum.
Central Africa Republic
The president of Central Africa Republic receives a remuneration of $ 42,524 (about INR 31 lakhs) per annum.
Chile
The president of Chile receives a remuneration of $ 196,000 (about INR 1.4 crores) per annum.
China
The president of China receives a remuneration of $ 22,000 (about INR 16 lakhs) per annum.
Columbia
The president of Colombia receives a remuneration of $ 134,676 (about INR 99 lakhs) per annum.
The president of Maldives receives a remuneration of $ 77,768 (about INR 56 lakhs) per annum.
Mauritius
The president of Mauritius receives a remuneration of $ 300,000 (about INR 2.1 crores) per annum.
Mexico
The president of Mexico receives a remuneration of $ 67,903 (about INR 49 lakhs) per annum.
Nepal
The president of Nepal receives a remuneration of $ 17,584 (about INR 12 lakhs) per annum.
Pakistan
The president of Pakistan receives a remuneration of $ 65,794 (about INR 48 lakhs) per annum.
Palestine
The president of Palestine receives a remuneration of $ 120,000 (about INR 87 lakhs) per annum.
Peru
The president of Peru receives a remuneration of $ 56,530 (about INR 41 lakhs) per annum.
Philippines
The president of Philippines receives a remuneration of $ 95,554 (about INR 69 lakhs) per annum.
Poland
The president of Poland receives a remuneration of $ 70,026 (about INR 51 lakhs) per annum.
Portugal
The president of Portugal receives a remuneration of $ 96,469 (about INR 70 lakhs) per annum.
Russia
The president of Russia receives a remuneration of $ 136,000 (about INR 99 lakhs) per annum.
Singapore
The president of Singapore receives a remuneration of $ 1,442,000 (about INR 10.5 crores) per annum.
South Africa
The president of South Africa receives a remuneration of $ 223,500 (about INR 1.6 lakhs) per annum.
Sri Lanka
The president of Sri Lanka receives a remuneration of $ 7,380 (about INR 5.4 lakhs) per annum.
Switzerland
The president of Switzerland receives a remuneration of $ 507,000 (about INR 3.7 crores) per annum.
Syria
The president of Syria receives a remuneration of $ 576,000 (about INR 4.2 crores) per annum.
Turkey
The president of Turkey receives a remuneration of $ 197,400 (about INR 1.4 crores) per annum.
United Arab Emirates
The president of United Arab Emirates receives a remuneration of $ 4,608, 273,000 (about INR 29,000 crores) per annum.
FAQ
Who decides salary of President of India?
The salary of President of India are fixed by the Parliament of India.
What is the salary of PM Narendra Modi?
The salary of PM Narendra Modi is ₹280,000 (US$3,900) per month.
What is the monthly salary of MLA in India?
The Average Monthly Salary of MLA in India is approximately 1 lakh.
Conclusion
The President of the United Arab Emirates receives the highest remuneration. The presidents of some countries receive a lot of other benefits other than Salaries. The president of The United States of America even receives a pension after the presidential term. The president also receives a budget of $100,000 for travelling and $19,000 for entertainment.
Knowing how to grow a Facebook group correctly will increase your earning potential. Facebook has realized the importance of having a good email list. This is why more than a billion people use Fb groups.
However, having an email list is only a piece of the puzzle. It is vital to a flourishing business but if plan to sell digital goods, learning how to grow a FB group can be your golden ticket to success.
Fb groups bring loads of web traffic, dedicated customers, income and an engaged community. Once you start and grow a group, it will basically run itself and all your customers will turn into your biggest promoters.
Establishing an engaging Facebook group is valuable and can bring your brand a lot of credibility and success. You’ll be able to reach a large number of people through these groups.
Even your affiliate income can rise if you prioritize the strategies of your FB group. Imagine having a close-knit community of like-minded individuals that are also your target audience.
Therefore, even having a small group can work wonders for your business, so without further ado, let’s learn how to grow and monetize a FB group
Why you need a Facebook group?
Target audience
The first step of the process is brainstorming. You need to write down your vision and your group’s purpose in order to figure out who your target audience is.
Your audience is key if you want to be able to make money through a FB group. Since everyone likes different things, you cannot appeal to everyone.
It would be much better if you aimed to appeal to only a specific set of people. Your target audience must be clear in your mind and be as precise as possible. The problem with a board target audience is that it would be very difficult to understand what they want and how you can fulfill their needs.
After you decide on your target audience, the next step is to create a community. If you want to grow your email list, make money and establish brand authority then just follow these steps.
Step 1: On your newsfeed, click on “Group”, under “create”. Fill out all the information required.
Create a group
Step 2: Choose a name for your FB group based on your target audience. It must be something relevant to the people you are targeting.
Step3: Set up questions to keep spammers away. Since you need a specific set of people that align with your business goals, your group must only consist of people who are relevant to your business. You can filter out people by asking them questions before allowing them into your group.
Step 4: Create group rules by establishing a set of ground rules for your community. This is to show you’re the admin and creator of the group. Your job is to monitor people to ensure they’re following the rules and ban those who don’t.
Step 5: Craft a visually appealing cover photo for your FB group. This cover should represent the group, its purpose and help you personalize your brand.
Step 6: Promote your group by adding your group link to your email signature. If you have a blog then put your group link on your main blog page or use Quora and Pinterest as platforms to promote and grow your group.
Most of these tactics will promote your group on auto-pilot and save you a lot of time. It will attract the right audience and set the foundation for your group to be profitable.
Monetize your Facebook Group
Now that you have learned the basics of creating a group and promoting it, its time to transform it into a money-making machine.
The best way to make money from your FB group is to build a community, get people on your email list, and then use email list sales funnels to turn them into costumes so that your community will help you sell your products.
Once you have people in your email list from your group who early read all your posts and sign up for your offers – these people will definitely turn into your loyal customers. They will belie in your brand and your products and happily promote them. Since they believe in your business, these people will likely become your best assets.
To be truly good at what you do in this business, you need passion. You have to find a balance between earning money, and being authentic to your customers. Being overly promotional of your products is not good for your brand or business.
From your News Feed click Groups in the left menu.
In the search bar at the top, enter some keywords for the group you’re looking for.
Select the group then click + Join Group below the cover photo.
Select whether you’d like to join as your profile or your Page and click Join Group.
How can i see the member list of a Facebook group?
Pages and profiles can join and see what’s in a Facebook group. Keep in mind that Pages can be managed by several people who can all see the group’s posts, comments etc.
People on Facebook can see who the members of public groups are. In private groups, you have to be a member to see who the other group members are.
To see the list of group members:
From your News Feed, click Groups in the left menu and select your group.
Click Members at the top of the group.
The member list will update automatically as people and Pages join and leave the group.
Learn more about public and private group settings.
How does a buy-and-sell group differ from a regular Facebook group?
A buy-and-sell group is like a regular group, except it lets members:
Once you learn how to grow a FB group and begin to attract members, you will begin to see customer engagement. Following these steps will ensure that your group is established properly from day one so that one day you will be able to manage your group on autopilot.
Then, it’s only a few steps away from you being able to earn handsomely through this group. Eventually, it might just become your biggest income source!
Alan Joseph
