Bangladesh, once a colony of West Pakistan, has seen remarkable growth and progress over the last 15 years under the leadership of Prime Minister Sheikh Hasina. Boasting an impressive 6% annual economic growth, Bangladesh's ready-made garment industry propelled the country to overtake Pakistan’s per capita GDP by 2016 and even surpass India’s by 2021. However, recent global events have severely impacted this progress.
In this video, Maj Gen GD Bakshi (Retd) explains how COVID-19 pandemic, followed by the Ukrainian war, delivered harsh blows to Bangladesh's economy. The country's primary foreign exchange earner, the garment industry, suffered significant losses, leading to rising inflation and unemployment. Amidst this economic turmoil, allegations have surfaced that external forces, particularly the United States and Pakistan, have orchestrated a "color revolution" to destabilize the nation.
As violence and unrest spread across Bangladesh, Sheikh Hasina fled Dhaka, reportedly seeking refuge in India, though official confirmation remains pending. The crisis began with demands to abolish quotas in civil service jobs but quickly evolved into a broader anti-government movement. Critics of Hasina's government cite rampant corruption, economic mismanagement, and increasingly authoritarian measures as catalysts for the unrest. Allegations of enforced disappearances and extrajudicial killings have also drawn the ire of rights groups.
With the situation escalating, attention turns to Bangladesh's powerful military, known for its history of coups and counter-coups. As the nation teeters on the brink of chaos, the military's role in the unfolding crisis remains under scrutiny. The implications of this unrest are not confined to Bangladesh alone—regional stability is at risk, and the effects could ripple through South Asia.
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