Wednesday, October 31, 2007

7.5% growth can make Bangladesh mid-income country by 2016

Bangladesh is becoming a middle-income country (MIC) by 2016, provided it can attain and sustained economic growth of 7.5 percent yearly throughout the period” said Sandeep Mahajan, a World Bank economist.

The opinion is based on a study conducted by the World Bank.

He was speaking on the topic-Can Bangladesh become a middle income country by 2016- at the Independent University, Bangladesh Dhaka (IUB) on Sunday. Mahajan suggested manufacture led growth for Bangladesh urging that despite maximum inputs agricultural production can attain about 4 percent to 5 percent growth, while the growth in manufacturing sector can reach as high as 14 percent to 15 percent if necessary support through reforms are available and agricultural productivity is sustained.

He pointed that the sustainable growth is not easy and is depend on

management efficiency

technology transfer

good governance

employment generation

infrastructure development

supportive legal framework


If we review the conditions, we are lagging behind in fulfilling different criteria to achieve the level of MIC. We should strive hard to attain the goal and fulfill the dream.

badrud doza

Ref: Daily Star 31/10/07

1 comment:

Habib said...

Hi,
Nice writing on "7.5% growth can make Bangladesh mid-income country by 2016".
Thanks