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How did it turn out? The Ganges Delta provided advantages of a mild, almost tropical climate, fertile soil, ample water, and an abundance of fish, wildlife, and fruit.


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The economy of the Bengal Sultanate inherited earlier aspects of the Delhi Sultanate, including mint towns, a salaried bureaucracy and the jagirdar system of land ownership. The production of silver coins inscribed with the name of the Sultan of Bengal was a mark of Bengali sovereignty. There were three sources of silver. The first source was the leftover silver reserve of previous kingdoms. The second source was the tribute payments of subordinate kingdoms which were paid in silver bullion.

The third source was during military campaigns when Bengali forces sacked neighboring states. The apparent vibrancy of the Bengal economy in the beginning of the 15th-century is attributed to the end of tribute payments to Delhi, which ceased after Bengali independence and stopped the outflow of wealth. Ma Huan 's testimony of a flourishing shipbuilding industry was part of the evidence that Bengal enjoyed significant seaborne trade.

The expansion of muslin production, sericulture and the emergence of several other crafts were indicated in Ma Huan's list of items exported from Bengal to China. Bengali shipping co-existed with Chinese shipping until the latter withdrew from the Indian Ocean in the midth-century. A vigorous riverine shipbuilding tradition existed in Bengal. The shipbuilding tradition is evidenced in the sultanate's naval campaigns in the Ganges delta.

The trade between Bengal and the Maldives, based on rice and cowry shells, was probably done on Arab-style baghlah ships. Chinese accounts point to Bengali ships being prominent in Southeast Asian waters. A vessel from Bengal, probably owned by the Sultan of Bengal, could accommodate three tribute missions- from Bengal, Brunei and Sumatra- and was evidently the only vessel capable of such a task.

Bengali ships were the largest vessels plying in those decades in Southeast Asian waters. Smaller purchases involved shell currency. One silver coin was worth 10, cowry shells. Bengal relied on shiploads of cowry shell imports from the Maldives. Due to the fertile land, there was an abundance of agricultural commodities, including bananas, jackfruits, pomegranate, sugarcane, and honey. Native crops included rice and sesame. Vegetables included ginger, mustard, onions, and garlic among others. There were four types of wines, including coconut, rice, tarry and kajang. Bengali streets were well provided with eating establishments, drinking houses and bathhouses.

At least six varieties of fine muslin cloth existed. Silk fabrics were also abundant. Pearls , rugs and ghee were other important products. The finest variety of paper was made in Bengal from the bark of mulberry trees. The high quality of paper was compared with the lightweight white muslin cloth. Europeans referred to Bengal as "the richest country to trade with". Like the Gujarat Sultanate in the western coast of India, Bengal in the east was open to the sea and accumulated profits from trade.

Merchants from around the world traded in the Bay of Bengal. Marco Polo noted Bengal's prominence in the textile trade.

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Under Mughal rule , Bengal operated as a centre of the worldwide muslin , silk and pearl trades. During the Mughal era, the most important centre of cotton production was Bengal, particularly around its capital city of Dhaka , leading to muslin being called "daka" in distant markets such as Central Asia. Bengal also had a large shipbuilding industry. Indrajit Ray estimates shipbuilding output of Bengal during the sixteenth and seventeenth centuries at , tons annually, compared with 23, tons produced in nineteen colonies in North America from to An important innovation in shipbuilding was the introduction of a flushed deck design in Bengal rice ships, resulting in hulls that were stronger and less prone to leak than the structurally weak hulls of traditional European ships built with a stepped deck design.

The British East India Company later duplicated the flushed-deck and hull designs of Bengal rice ships in the s, leading to significant improvements in seaworthiness and navigation for European ships during the Industrial Revolution. The British East India Company, that took complete control of Bengal in by abolishing Nizamat local rule , chose to develop Calcutta , now the capital city of West Bengal , as their commercial and administrative center for the Company-held territories in South Asia.

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After its independence from Pakistan, Bangladesh followed a socialist economy by nationalising all industries, proving to be a critical blunder undertaken by the Awami League government. Some of the same factors that had made East Bengal a prosperous region became disadvantages during the nineteenth and twentieth centuries. The united government of Pakistan expanded the cultivated area and some irrigation facilities, but the rural population generally became poorer between and because improvements did not keep pace with rural population increase.

Since Bangladesh followed a socialist economy by nationalising all industries after its independence, it underwent a slow growth of producing experienced entrepreneurs, managers, administrators, engineers, and technicians. Official amount of disbursement yet undisclosed. After , Bangladeshi leaders began to turn their attention to developing new industrial capacity and rehabilitating its economy.

In the mids, there were encouraging signs of progress. Bangladesh historically has run a large trade deficit, financed largely through aid receipts and remittances from workers overseas. In last decade, poverty dropped by around one third with significant improvement in human development index, literacy, life expectancy and per capita food consumption. This is a chart of trend of gross domestic product of Bangladesh at market prices estimated by the International Monetary Fund with figures in millions of Bangladeshi Taka.

However, this reflects only the formal sector of the economy. The following table shows the main economic indicators in — Agriculture is the largest employment sector in Bangladesh , making up A plurality of Bangladeshis earn their living from agriculture. Due to a number of factors, Bangladesh's labour-intensive agriculture has achieved steady increases in food grain production despite the often unfavourable weather conditions. Although rice and jute are the primary crops, maize and vegetables are assuming greater importance.

In comparison to rice, wheat output in was 1. Many new jobs — mostly for women — have been created by the country's dynamic private ready-made garment industry, which grew at double-digit rates through most of the s. Bangladesh has overtaken India in apparel exports in , its exports stood at 2.


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Eastern Bengal was known for its fine muslin and silk fabric before the British period. The dyes, yarn, and cloth were the envy of much of the premodern world.

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Bengali muslin, silk, and brocade were worn by the aristocracy of Asia and Europe. The introduction of machine-made textiles from England in the late eighteenth century spelled doom for the costly and time-consuming hand loom process. Cotton growing died out in East Bengal, and the textile industry became dependent on imported yarn. Those who had earned their living in the textile industry were forced to rely more completely on farming. Only the smallest vestiges of a once-thriving cottage industry survived. Other industries which have shown very strong growth include the pharmaceutical industry, [78] shipbuilding industry, [79] information technology, [80] leather industry, [81] steel industry , [82] [83] and light engineering industry.

The industry employs nearly 3. Current exports have doubled since Wages in Bangladesh's textile industry were the lowest in the world as of The country was considered the most formidable rival to China where wages were rapidly rising and currency was appreciating. Owners of textile firms and their political allies were a powerful political influence in Bangladesh.