Business Desk :
Bangladesh economy has achieved remarkable successes in all socio-economic indicators in the last nine years from 2009 to 2017 because of the government’s inclusive and pro-poor policies, according to experts.
“Bangladesh has achieved remarkable successes in various socio-economic indicators, including GDP growth, per capita income, food production, remittance, inflation, import and export in the last nine years,” Finance Division Secretary-in-Charge Mohammad Muslim Chowdhury told.
The most significant achievement was that the economic growth, which accelerated to 7.28 percent in 2016-17 financial year (FY17) from 5.57 percent in 2009-10 fiscal (FY10) and the average GDP growth during the period was 6.44 percent.
In FY17, per capita income rose to US$1,610 from $843 in FY10 and investment increased to 30.27 percent of GDP in FY17 from 26.25 percent in FY10. During the same period, export increased to $34.85 billion from $16.23 billion, remittance increased to $12.77 billion from $10.99 billion, foreign exchange reserve increased to $33.41 billion from $10.75 billion and Annual Development Programme (ADP) size increased to Taka 1,107 billion from Taka 285 billion.
Muslim Chowdhury said inclusive and pro-poor policy programmes of the government have largely contributed to the reduction of poverty and inequality along with ensuring commendable economic growth.
“Moreover, social mobility and women empowerment have improved largely and Bangladesh has moved further in human development index as well,” he added.
