Economy to grow 7.25 per cent.

[Homo Sapiens]

Economy to grow 7.25 per cent
on October 1, 2016

Economy Correspondent


Planning Minister AHM Mustafa Kamal said Bangladesh`s gross domestic product (GDP) growth would be 7.25 per cent in the current (2016-17) fiscal year.

The Minister came up with the expectation while speaking in a programme at the capitals`s Brac Centre on Saturday.


He said, “Bangladesh earned 7.1 per cent GDP in the last fiscal year (2015-16) that was recognized by Asian Development Bank (ADB). ADB cited that Bangladesh earned 7.1 per cent GDP in the last fiscal year.”

“Though several organizations of the country expressed their doubts over the GDP growth, but this is true. The flow will be continued in the current fiscal year and Bangladesh will earn 7.25 per cent GDP,” the Minister added.
http://businessnews24bd.com/economy-to-grow-7-25-per-cent/

 

[UKBengali]

Think that 7.5% may even be possible.

With good gdp growth, increasing tax base and 10s of billions of infrastructure flowing from China, Russia, Japan ADB etc things are looking very good for BD.

 

[kobiraaz]

Our Per capita this year is $1466. Can someone clarify when we will be able to
overtake Pakistan if current rate of Growth remains in a stable course in both the countries?

 

[UKBengali]

Our Per capita this year is $1466. Can someone clarify when we will be able to
overtake Pakistan if current rate of Growth remains in a stable course in both the countries?

Per capita of Pakistan was US1,449.978 dollars in 2015 according to IMF. It would still be slightly above Bangladesh this year still. I would expect BD to surpass Pakistan next year in 2017.

 

[Homo Sapiens]

Think that 7.5% may even be possible.

With good gdp growth, increasing tax base and 10s of billions of infrastructure flowing from China, Russia, Japan ADB etc things are looking very good for BD.

Yes, in the next 10 years we will see a lot of improvement in infrastructure sector.Both transport infrastructure and power.It was a good strategy to develop socio-economic parameter to a somewhat respectable level then took the initiative of building big project.Some country borrow big amount of money and develop quickly for some times and pile up debt which ultimately lead to boom-bust cycle.Our 7+ percent growth is much more internally driven.We don't receive much foreign aid or investment, we also don't get tourism money.But our economic planning are the more secured and stable one.We already seeing the benefit and hope this trend will accelerate further.

 

[UKBengali]

Yes, in the next 10 years we will see a lot of improvement in infrastructure sector.Both transport infrastructure and power.It was a good strategy to develop socio-economic parameter to a somewhat respectable level then took the initiative of building big project.Some country borrow big amount of money and develop quickly for some times and pile up debt which ultimately lead to boom-bust cycle.Our 7+ percent growth is much more internally driven.We don't receive much foreign aid or investment, we also don't get tourism money.But our economic planning are the more secured and stable one.We already seeing the benefit and hope this trend will accelerate further.

IT and Leather exports are over 1 billion US dollars now and so the economy is set to turn more balanced in the future.

 

[Homo Sapiens]

Our Per capita this year is $1466. Can someone clarify when we will be able to
overtake Pakistan if current rate of Growth remains in a stable course in both the countries?

Next 1-2 years may be.Currently we have around 100 dollar gap.It used to be 500 dollar just 3-4 years ago.So if this trend continue then next year or 2018.

 

[Pandora]

Per capita of Pakistan was US1,449.978 dollars in 2015 according to IMF. It would still be slightly above Bangladesh this year still. I would expect BD to surpass Pakistan next year in 2017.

http://data.worldbank.org/indicator/NY.GDP.PCAP.CD
GDP Per capita in 2015
Bangladesh = 1211.7
Pakistan = 1429

If in 2016 your economy grow by 7% then it will become 1296.5
For pakistan it would be around 1496


Nothing to compare both nations are in pretty pathetic state.

 

[UKBengali]

http://data.worldbank.org/indicator/NY.GDP.PCAP.CD
GDP Per capita in 2015
Bangladesh = 1211.7
Pakistan = 1429

If in 2016 your economy grow by 7% then it will become 1296.5
For pakistan it would be around 1496


Nothing to compare both nations are in pretty pathetic state.

I am using IMF figures.

Yes, both countries are in a poor state currently but BD has strong growth in both GDP and infrastructure now and so
future looks like it will get a lot better soon.

 

[Eminent Mainstream Media]

http://data.worldbank.org/indicator/NY.GDP.PCAP.CD
GDP Per capita in 2015
Bangladesh = 1211.7
Pakistan = 1429

If in 2016 your economy grow by 7% then it will become 1296.5
For pakistan it would be around 1496


Nothing to compare both nations are in pretty pathetic state.

I think in 5 years Bangladesh will overtake Pakistan-

 

[Homo Sapiens]

IT and Leather exports are over 1 billion US dollars now and so the economy is set to turn more balanced in the future.

Most important aspect of our economy in recent time is being the indegenization of consumer goods,electronics or others.For the last 2-3 years our import is stagnant around 40 billion dollars while export rose significantly.It indicate some demand of import being fulfilled by local production.Our non-garments export is still not much, but it appears to take-off as it is gaining momentum by at first conquering home market.

 

[UKBengali]

Most important aspect of our economy in recent time is being the indegenization of consumer goods,electronics or others.For the last 2-3 years our import is stagnant around 40 billion dollars while export rose significantly.Our non-garments export is still not much, but it appears to take-off as it is gaining momentum by at first conquering home market.

It will take come time for consumer goods and electronics to make a dent in world markets as the level of technology and competition would be high.

IT and Leather can grow to become many multi-billion US dollar exports to take the strain off garments in the meantime.

 

[Pandora]

I am using IMF figures.

Yes, both countries are in a poor state currently but BD has strong growth in both GDP and infrastructure now and so
future looks like it will get a lot better soon.

http://www.imf.org/external/pubs/ft...44,474,941,754,446,698,666&s=NGDPDPC&grp=0&a=

According to 2015 stats of IMF
Bangladesh = 1280
Pakistan = 1450

So there is not much difference here

 

[Jobless Jack]

whats the point of a big economy if the military and the scientific community is nearly a joke

 

[UKBengali]

whats the point of a big economy if the military and the scientific community is nearly a joke

A large economy can build a strong military and provide ample funding to the scientific community.