Bangladesh estimates 7.65 percent economic growth for this fiscal year, fastest on record

[Black_cats]

Bangladesh estimates 7.65 percent economic growth for this fiscal year, fastest on record
Staff Correspondent, bdnews24.com

https://bdnews24.com/economy/2018/0...growth-for-this-fiscal-year-fastest-on-record

Published: 2018-04-03 13:47:20.0 BdST Updated: 2018-04-03 14:37:17.0 BdST

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Bangladesh has estimated 7.65 percent economic growth for the fiscal year ending Jun 30, heading for the fastest pace on record. The growth will accelerate from the previous record of 7.28% in fiscal 2016-17.

Per capita income will rise to $1,752 in fiscal 2017-18 from $1,610 a year ago, Planning Minister AHM Mustafa Kamal said sharing the numbers at a key meeting in Dhaka on Tuesday.

The estimates are based on data from the first nine months (July-March) of the current fiscal year.

Kamal says Bangladesh’s economic growth will hit 8 percent in the next fiscal year.

The government had set a target of 7.4 percent GDP growth in the budget announced for the current fiscal year.

The numbers were revealed by Kamal at the meeting of the Executive Committee of National Economic Council, chaired by Prime Minister Sheikh Hasina.

After being stuck in the 6 percent range for nearly a decade, the economy finally surpassed 7 percent economic growth in fiscal 2015-16.

Bangladesh’s economy is expected to expand to $274.5 billion by the end of the fiscal year from $249 billion last year, the minister said.

 

[Black_cats]

Per capita income of Bangladesh if rise to $1,752 during the year 2017-2018 which means it will be higher then India's per capita income for the year 2017-2018 which is expected to be Rs 1,11,782 or $1,719

https://economictimes.indiatimes.co...to-rs-111782-in-fy18/articleshow/62383494.cms

 

[UKBengali]

BD is doing great economically and these numbers will be confirmed by IMF, ADB, UN etc in due course.
Growth is sure to hit 8-9% a year in the 2020s.
BD passing India in GDP per capita in nominal is no big deal.BD needs to use Sri Lanka as it's target in S Asia.

 

[itachii]

Per capita income of Bangladesh if rise to $1,752 during the year 2017-2018 which means it will be higher then India's per capita income for the year 2017-2018 which is expected to be Rs 1,11,782 or $1,719

https://economictimes.indiatimes.co...to-rs-111782-in-fy18/articleshow/62383494.cms

Apples and oranges. You are comparing gdp per capita of bd with NNI per capita of India. Gdp per capita of India for the year 2017-18 should have crossed 2000$ if not should be close to 2000$

 

[Black_cats]

Apples and oranges. You are comparing gdp per capita of bd with NNI per capita of India. Gdp per capita of India for the year 2017-18 should have crossed 2000$ if not should be close to 2000$

That was per capita income not per capita gdp (nominal). Two are completely different thing.

 

[itachii]

That was per capita income not per capita gdp (nominal). Two are completely different thing.

Do you have any links for per capita income of bd ? I am sure you are quoting gdp per capita figure

 

[Black_cats]

Do you have any links for per capita income of bd ? I am sure you are quoting gdp per capita figure

GDP per capita nominal is 1660-1675 usd by different estimate. It is income shown on the article.

http://www.imf.org/external/pubs/ft...1&c=513&s=NGDPD,PPPGDP,NGDPDPC,PPPPC&grp=0&a=

 

[Mage]

BD is doing great economically and these numbers will be confirmed by IMF, ADB, UN etc in due course.
Growth is sure to hit 8-9% a year in the 2020s.
BD passing India in GDP per capita in nominal is no big deal.BD needs to use Sri Lanka as it's target in S Asia.

There is election in next FY. I doubt they can keep a 7% growth in 2018-19.

 

[UKBengali]

There is election in next FY. I doubt they can keep a 7% growth in 2018-19.

Why not?
BNP is totally finished now and there will not
be large scale protests/strikes to hamper the
economy like in 2014.

 

[itachii]

GDP per capita nominal is 1660-1675 usd by different estimate. It is income shown on the article.

http://www.imf.org/external/pubs/ft/weo/2017/02/weodata/weorept.aspx?pr.x=35&pr.y=4&sy=2015&ey=2022&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513&s=NGDPD,PPPGDP,NGDPDPC,PPPPC&grp=0&a=

How can per capita income be more than gdp per capita ? Again the indian figure is for per capita NNI.

 

[BitHeroBD]

There is election in next FY. I doubt they can keep a 7% growth in 2018-19.

BNP is useless, there will be minimal strikes this season (I hope)

 

[Bilal9]

Apples and oranges. You are comparing gdp per capita of bd with NNI per capita of India. Gdp per capita of India for the year 2017-18 should have crossed 2000$ if not should be close to 2000$

Happy for you!

A few extra dollars will buy a lot of these banana leaf meals....

 

[BitHeroBD]

Happy for you!

A few extra dollars will buy a lot of these banana leaf meals....

yuck. Awful veg shit. No wonder these sanghis are braindead

 

[Neptune_]

yuck. Awful veg shit. No wonder these sanghis are braindead

I m non veg. But to be honest, that dish looks quite delicious.

 

[TopCat]

I m non veg. But to be honest, that dish looks quite delicious.

I love sambar and rasam of south india. I also love the $hit they make with sour milk.