NN Business Desk :
Metropolitan Chamber of Commerce and Industry (MCCI) on Wednesday said all major economic indicators have maintained a steady improvement.
The country’s leading chamber said this in its review on Economic Situation in Bangladesh (October-December 2016 period), terming the country’s overall economic situation positive.
“The country experienced stable economic growth. Inflation was under control, the exchange rate remained stable and foreign exchange reserves rose and remained at a comfortable level.”
It said the agriculture sector performed well, but continuous government support with inputs and finance will be needed to sustain the growth.
Infrastructure deficits and gas and power supply problems were undermining the performance of manufacturing as well as agriculture sector, it said, adding that the government will need to adopt suitable measures to remove these bottlenecks in order to support the growth of these two all-important sectors.
About agriculture, it said this sector is expected to perform well in the present fiscal year because of the government’s strong commitment to support the growth of agriculture with timely availability of inputs and finance.
The broad industrial sector grew by 11.09 per cent in FY16 compared to 9.67percent in FY15. The share of the industry sector in GDP increased by 1.12 percentage points to 31.54 in FY16 from 30.42 per cent in FY15.
Metropolitan Chamber of Commerce and Industry (MCCI) on Wednesday said all major economic indicators have maintained a steady improvement.
The country’s leading chamber said this in its review on Economic Situation in Bangladesh (October-December 2016 period), terming the country’s overall economic situation positive.
“The country experienced stable economic growth. Inflation was under control, the exchange rate remained stable and foreign exchange reserves rose and remained at a comfortable level.”
It said the agriculture sector performed well, but continuous government support with inputs and finance will be needed to sustain the growth.
Infrastructure deficits and gas and power supply problems were undermining the performance of manufacturing as well as agriculture sector, it said, adding that the government will need to adopt suitable measures to remove these bottlenecks in order to support the growth of these two all-important sectors.
About agriculture, it said this sector is expected to perform well in the present fiscal year because of the government’s strong commitment to support the growth of agriculture with timely availability of inputs and finance.
The broad industrial sector grew by 11.09 per cent in FY16 compared to 9.67percent in FY15. The share of the industry sector in GDP increased by 1.12 percentage points to 31.54 in FY16 from 30.42 per cent in FY15.
