Bangladesh to boost spending in next two fiscals to offset Covid impact

The Bangladesh government has decided to fix the public expenditure at 17.1% and 17.2% of the gross domestic product (GDP) in the next two fiscals (2021-22 and 2022-23, respectively), as Prime Minister Sheikh Hasina seeks to pull the economy out of the Covid-19 pit. Expenses incurred by the government of a country on collective needs […]

OP-ED: Our GDP has come a long way since its war-ravaged days

To mark 50 years of Bangladesh, this series will present a set of charts each month to show the country’s economic evolution since the 1970s We begin with GDP per capita — a common, albeit imperfect, correlate of living standards over time and across countries. For example, couple of months ago, there was considerable media […]

World Bank revises up GDP growth projection

The World Bank has revised its GDP growth projection upwards for Bangladesh to 2 per cent for the last fiscal year, although the figure is still far lower than the government’s estimate.   In June, the Washington-based lender had said that Bangladesh’s economy would grow by 1.6 per cent in FY20 as the coronavirus pandemic battered […]

Why India should follow agricultural development-led industrialisation growth model

The economic reforms that began slowly in 1980s and got turbo-charged in 1991 did bring high growth, but this growth is perhaps unlike what was anticipated. The Lewisian structural transformation – resources shifting from low productive agriculture to high productive manufacturing (industrialisation) that brought prosperity to developed economies in the West (the US and parts […]