Bangladesh's economy to grow 7.5 pct in year to June 2017 - minister

[TopCat]

Dec 20 Bangladesh's economy will grow as much as 7.50 percent in the 2016/17 financial year that ends in June, the planning minister said on Tuesday, slightly faster than the initial target.

"We are hopeful of achieving this growth, beating the initial projection of 7.25 percent," the minister, Mustafa Kamal told a news conference.

Growth in the South Asian nation sped up to 7.11 percent in the 2015/16 financial year, from 6.5 percent the previous year when political unrest crippled the economy.

Garment exports and remittances from Bangladeshis working overseas are the key drivers of the nation's more than $200 billion economy. (Reporting by Ruma Paul; Editing by Shri Navaratnam)

http://in.reuters.com/article/economy-bangladesh-gdp-idINL4N1EF2PC

 

[EpiiC]

Dec 20 Bangladesh's economy will grow as much as 7.50 percent in the 2016/17 financial year that ends in June, the planning minister said on Tuesday, slightly faster than the initial target.

"We are hopeful of achieving this growth, beating the initial projection of 7.25 percent," the minister, Mustafa Kamal told a news conference.

Growth in the South Asian nation sped up to 7.11 percent in the 2015/16 financial year, from 6.5 percent the previous year when political unrest crippled the economy.

Garment exports and remittances from Bangladeshis working overseas are the key drivers of the nation's more than $200 billion economy. (Reporting by Ruma Paul; Editing by Shri Navaratnam)

http://in.reuters.com/article/economy-bangladesh-gdp-idINL4N1EF2PC

Nice!! so if you economy is $200B and your growing at 7.5% by end of 2017 economy will be $215B..... Very nice growth Rate.....

 

[PatriotLover]

Larger growth rate than India. Nice! And they claim they are the fastest growing lol.

 

[yesboss]

Good for Bangladesh. Hope we could also touch such growth rates within this decade.

 

[BDforever]

Nice!! so if you economy is $200B and your growing at 7.5% by end of 2017 economy will be $215B..... Very nice growth Rate.....

now $226 billlion source: IMF

 

[rome333]

Our target is to attain at least 10% GDP growth rate by 2021. If political scenerio is well and good and then its very much possible. Even only after the completion of Padma Bridge, we will get a boost by additional 1% in groowth rate. Imagine what will happpen when a couple of EEZ comes online.

 

[Storm Force]

Bangadesh is a relatively stable progressive country.

Based on current growth rates Bangladesh will be second biggest economy in south Asia by 2024

 

[Quibbler]

Beautiful news. India should try and emulate Bangladeshi models specially the grass root ones that promote inclusivity.

I don't have a very detailed idea of the Bangladeshi economy, but i think now is high time to focus even more in diversifying the economy. I would love to see Bangladesh leading in not only garments but other fields too .

 

[WhyCry]

Great Job BD. Nice competition is always good.

 

[bluesky]

- deleted -

 

[RealNapster]

Our target is to attain at least 10% GDP growth rate by 2021. If political scenerio is well and good and then its very much possible. Even only after the completion of Padma Bridge, we will get a boost by additional 1% in groowth rate. Imagine what will happpen when a couple of EEZ comes online.

what is the significance of Padma bridge ?

 

[Species]

what is the significance of Padma bridge ?

It will provide improved connectivity between our southern regions and rest of the country.

 

[RealNapster]

It will provide improved connectivity between our southern regions and rest of the country.

 

[BDforever]

what is the significance of Padma bridge ?

it will connect entire south west region.

 

[RealNapster]

it will connect entire south west region.

That's great.