South Asia is one of the most important regions of the world for international economy and international politics which almost contains one forth of world’s populations. At present, by South Asia we mean those countries which are the members of SAARC and it is consisting of India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, Maldives, and Afghanistan. Once most of the countries of this region were under the British colony and ruled for about 200 years and more before their independence. Notwithstanding once this whole region is known as India and ruled by various Buddhist, Hindu and Muslim rulers, now it is divided into different parts and emerged as different new nation states. Therefore countries of this region have a lot in common in terms of their political, economic and social conditions. Thus, to conduct a study on any one country we have to go through with the whole region to get an explicit depiction. Here on this particular writing we would spotlight on Bangladesh and her socio-economic and political development since her inception compare to other countries of this region. Many political and social scholars mentioned that this country has a great potential to emerge as a great country but same time it has multi-facets handicaps. This paper would try to bring out the socio-economic and political development of Bangladesh and its various handicaps compare to other countries of this region. This study is absolutely based on the secondary sources such as books, articles, and various information get through internet.