Bangladesh economy long way to go
Bangladesh economy is mainly driven by the jute and tea industries out there in Bangladesh. These two industries have huge foreign investment and by exporting these commodities are the major exports in Bangladesh.
Half of the Bangladesh population is involved in agriculture and these would be the major contributors towards the growth of Bangladesh economy. Apart from the agricultural commodities the only other way of foreign exchange is from garments industry alone.
The GDP of the Bangladesh is $228 billion and attain 6.5% growth in GDP. But this growth rate is not enough to put the economy of Bangladesh at its peak.
There is long way to go in the growth of Bangladesh economical profile to be on the safer side during recession times. The current rate of unemployment looks horrible, nearly 45% of are still searching for their job.
Potholes barricades the growth economy of Bangladesh
The political conflict between the parties of Bangladesh is the first and foremost to be changed for the betterment of Bangladesh economy growth. Economic reforms undertaken by the Bangladesh government has been at a very slow rate, the main reason for this is corruption in the every stage of Bangladesh government.
The corruptions should be completely eliminated if the economic reform should reach people means. Apart from this political clash in the country, the natural calamities cyclone and foods has been damaging the needs and wealth of Bangladesh people frequently.
Sustain GDP rate
To attain sustainable GDP rate many things to do. First thing to do is encourage direct foreign investment to have better foreign exchange. The private investments should be encouraged to eliminate unemployment and it would open many ways to attain stable economy.
Privatization of industrial sector is the best way to increase the production and also this the only way to escape from the corrupted hands of government.