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

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

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

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 […]