The Current Economic Condition of Bangladesh

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We are going through 45th the anniversary of the national state. In this time, Bangladesh has brought a revolutionary changed in different spheres.Structural changes such as the transportation and communication, multi-storied buildings, the major achievements of GDP by garment sectors, foreign exchange remittance, South Asia ‘s largest shopping malls ‘were made , institutions and economic activities and NGO models is much wider , increased urbanization , increased use of technology in the village, Population increased, food production, the education and so on.

But expectations or aspirations for prosperity are caused by the liberation of the city because not exhaustive; it is not out of the question. After all there are many contradictions and contrasts.. During this period, the country is an ultra- rich group has emerged. ‘Black money is known as the owners of the stolen money have increased manifold opulence and domination. Dhaka city is now showing the glory and the same time the financial position of poverty as well as the culpability of both. When the increase in the number of stolen Choices conventional definition of poverty or the number of people below the 5 million way to survive. The poverty limit, educational, medical, security, human dignity is in question can be seen in 80 percent of the people are trapped in miserable lives.

‘Poverty alleviation ‘ as thousands of cores are spent annually in the country. Poverty alleviation is a major priority of the government’s commitment to the words could be heard. But after all, considering is the rate of poverty and inequality in Bangladesh in the first row of the world’s countries. Where so much money? The answer can be found in a handful of cars, enjoy the growth of the building. Experiments with such poverty are that the first row of poverty in Bangladesh. Critical research needs emerge stolen research will unravel if the cause of poverty.

Microcredit and NGO activities in Bangladesh are now widely discussed. Though the initial phase of the state and NGOs are increasingly distancing from the state has been to assimilate. Various international organizations including the World Bank loans and grants for the country at the present time a significant portion of them are these conditions are spent through NGOs. State development allocations, safety nets or poverty alleviation program depends a great deal on NGOs. Education, medical care, etc., to the people of the state of the market for these products is to deny its liabilities maturing, has become part of the Mercy.

Now, the number of people associated with the various types of enterprises and workers are almost as many people as Bangladeshis working abroad. Their number is about 70 million. Countries do not have their employment. Among them is the remittance of foreign currency to be a major source of national income. As the proportion of the national income from remittances to the location of the world’s top 10 countries of Bangladesh. Posted on safe storage is of their export earnings in foreign currency.

The Economy of Bangladesh is the 32nd largest in the world. Bangladesh’s economy is the second fastest growing major economy of 2016, with a rate of 7.1% according to the International Monetary Fund (IMF). Dhaka has become the wealthiest Bangladeshi divisions of Bangladesh. The annual GDP Of Dhaka is about US$231 billion.

In 2016, per-capita income stood at US$3,840 (PPP) and US$1,466 (Nominal).