Preparing a Launching Pad for Industrialization
The Financial Express, December 20, 2012
5 Pages Posted: 11 Aug 2013 Last revised: 30 Aug 2013
Date Written: December 20, 2012
The Bangladesh economy is expanding with 5.0-6.0 per cent annual growth during last one decade. Contribution of agriculture to gross domestic product (GDP) is decreasing whereas that of industry has been increasing over the last two decades. In 1991, contributions of agriculture and industry in GDP were 30.4 per cent and 21.7 per cent respectively. In 2001, contribution of agriculture to GDP decreased to 24.1 per cent whereas that of industry rose to 25.9 per cent. Recent statistics show that contribution of agriculture to GDP is much lower at 20 per cent than that of the industry at 30 per cent. The present government has envisioned that the contribution of industry to GDP will be increased to 40 per cent by year 2021. So it is clear that the Bangladesh economy is being transformed from agriculture to industry-driven one.
Keywords: Industrial Development, Industrial movement, industrialization, Industrialization in Bangladesh, Preparation for Industrialization
Suggested Citation: Suggested Citation