Column
THE ECONOMIC PROGRESS OF BANGLADESH

31 Oct 2015

#

The first national budget of Bangladesh during 1972-73 was of just a small amount of Taka 800 crores.

 

Bangladesh has surprised the world by not only their increase in rate but also its continuity. On the basis of GDP, the economy of Bangladesh is at 44th position, which surprised the World Bank and IMF like organisations and researchers.
 Now over a period of forty years it has crossed three lakh crores and the economy has risen from five thousand crores to nine lakh crores.  Bangladesh has surprised the world by not only their increase in rate but also its continuity.  On the basis of GDP, the economy of Bangladesh is at 44th position, which surprised the World Bank and IMF like organisations and researchers.  According to the Economist, after the liberation in 1971, the country had no economic base and with a challenge to restructure the economy, the first budget was marked for development, re organisation and rehabilitation.  The poverty rate has been reduced to 44% from 90%.  During the last six years, Bangladesh maintained theGDP rate of more than 6% along with only four other countries in the world, even though there was recession in economy through out.  According to the World Development Indicator Database and IMF World Economic Outlook report, in 2013 Bangladesh was at 58th position in World Economy.  By 2015 Bangladesh has earned 205.3 billion in GDP for the world economy and positioned itself up at 44th position and 33rd position in GDP based on PPP. In a report captioned “Political crisis in Bangladesh” prepared by the International Relation and Defence division of House of common in British Parliament, Bangladesh has been appreciated forthe progress made even after facing strong political opposition.

         

Due to the strong leadership of Prime Minister Sk. Hasina, Bangladesh is not only galloping aheadin economy, but also in other fields like law and order, action on terrorists by arresting and revealing their anti-national planned activities. Recently PM Sk. Hasina received two international awards for environment and their IT sector as she was given the “Champions of the Earth” award by the UN and an “Achievement Award” by FAO for fighting hunger and under-nourishment.

According to top economists, if Bangladesh follows the road map created by Sk. Hasina it will supersede all Western countries by 2050.

           

When Sheikh Hasina joined politics after the brutal killing of her father along with all her family members present in Bangladesh, she wasknown as ‘daughter of Bangabandhu Sheikh Mujibor Rahman’ had now she  established herself as ‘Mother of Development’ and a strong leader with clear vision. According to top economists, if Bangladesh follows the road map created by Sk. Hasina it will supersede all Western countries by 2050.




Video of the day
More Column News
Recent Photos and Videos

Web Statistics