Govt expects 7.25% GDP growth in FY’17.

[Homo Sapiens]

Govt expects 7.25% GDP growth in FY’17
Asif Showkat Kallol
The government expects that Bangladesh economy will grow at 7.25% in next fiscal year with a possibility of rise in investment.

Planning Minister AHM Mustafa Kamal disclosed the growth projection for the FY2016-17 at the National Economic Council (NEC) meeting recently.

“Under the leadership of Prime Minister Sheikh Hasina, the GDP growth will be at 7.05% this fiscal year and we hope that the growth in next fiscal will be at 7.25%,” said Mustafa Kamal as quoted by the meeting sources.

The meeting observed that the country’s economy had been growing at above 6% since 2008 though the world economy was affected by recession in that year.

It said the major role in increasing economic growth rate of Bangladesh rest with investment. It said this fiscal year the government investment had increased though there was a decrease in private sector investment.

Former Finance Adviser to Caretaker Government AB Mirza Azizul Islam said: “The government projection of 7.25% GDP growth in next fiscal year doesn’t convince me.”

Mirza Azizul Islam said there was no signs that the private investment would rise in the country under the current circumstances.

Asian Development Bank says Bangladesh’s economy will grow at 6.9% in the FY2016-17, International Monetary Fund predicts 6.9% while the World Bank projects 6.8%.

- See more at: http://www.dhakatribune.com/busines...ects-725-gdp-growth-fy17#sthash.tWIPTOYR.dpuf

 

[TopCat]

To do that they need to open Dhaka-Chittagong highway as quickly as possible.

 

[enquencher]

Good going..... best of luck.
Bd without jamatis is progressing well.
But want to c that progress in industrial sector not jus apparels n shoes n maids.

 

[UKBengali]

Good going..... best of luck.
Bd without jamatis is progressing well.
But want to c that progress in industrial sector not jus apparels n shoes n maids.

Thank you for your kind comments.

I would like to disagree that BD is doing better without "Jamatis" as I believe in an inclusive society where all are free to express their views - this comes from someone who is not religious at all.

As for progress in the industrial sector, while garments gets all the headlines due to the massive exports, BD is making steady progress in areas like pharmaceuticals, light engineering, IT and shipbuilding. While industries like pharmaceuticals sell only tens of millions of dollars abroad, within BD they have sales of over a billion dollars a year. With steady acceptance by major economies like the US of BD pharmaceuticals expect this to turn over a billion dollars in export sales by 2020