The world-renowned media outlet Newsweek has highlighted the incredible development of Bangladesh based on data from international investors. The title of the report released yesterday is ‘Bangladesh A Greener Future for a Young Nation Going Places Fast’.
(Bangladesh A greener future for a young nation going places fast).
The related cover of Newsweek has Sheikh Hasina’s picture and the names of some industrial establishments. According to the report, Bangladesh celebrated its 50th anniversary of independence last year with the expectation of running towards the future of a fast-growing nation as an emerging nation.
celebrated the anniversary. Bangladesh has entered its half-century of establishment under the guidance of a strong economy. It is currently one of the fastest growing economies in the Asia Pacific region and is progressing towards prosperity at an unstoppable pace. Continued development across key sectors of the economy and significant progress has been made in reducing poverty levels. According to the World Bank, Bangladesh has reduced its poverty rate to 12.5 percent.
It also said that Bangladesh’s GDP was growing rapidly before the corona pandemic hit. The economy grew 8.2 percent in 2019, expanded 3.5 percent in 2020 despite the coronavirus pandemic, and 6.9 percent in 2021. At the 27th Nikkei Future of Asia Conference in May this year, Prime Minister Sheikh Hasina expressed the opinion that ‘we expect the growth rate to be 7 percent in the current financial year’. The daughter of Bangladesh’s father of the nation, Sheikh Mujibur Rahman, has served as prime minister since 2009 and has overseen a rapid transformation of the country’s economy. The contribution of industries to the economy of Bangladesh is more than 20 percent or one third between 2010 and 2018. During this period, the contribution of manufacturing to GDP has doubled since 1980. Exports have increased 20-fold since 1990, now exceeding $40 billion. According to the data of Bangladesh Bureau of Statistics, the industrial sector of the country will grow by more than 10.4 percent in the current financial year and in the last two years there has been a growth of 10.3 percent and 3.6 percent respectively. However, production growth is expected to remain at 12.3 per cent in the current fiscal, as against 11.59 per cent last year. The country with a population of more than 16.5 million has inspired most of the people in development activities. According to the data of the World Bank, last year Bangladesh increased the participation rate of women in the workplace to 35 percent. Sectors like the ready-made garment industry have also put Bangladesh in a unique position on the global map. According to McKinsey & Company, Bangladesh is now one of the world’s largest garment exporters, with the RMG sector alone accounting for 84 percent of Bangladesh’s total exports. After a tragic accident in the garment sector almost a decade ago, Bangladesh is considered to be a leading country in terms of transparency and accountability, as it has taken special care to ensure a safe working environment in addition to improving the quality of life of workers and factory safety. Today, Bangladesh has become a nation that is truly looking forward to a prosperous future.’ In a long description, ‘how Bangladesh has become a model of development in the face of poverty, drought, floods and natural disasters, how the entire population has been integrated in the great struggle of development, each person has engaged in production according to his ability, the backward people have been shown the way of light, villages are developing like cities’. etc. All subjects are presented. Meanwhile, expatriates feel that this report in Newsweek will play an important role in stopping the ongoing propaganda of the BNP-Jamaat alliance to question the development and progress of Bangladesh in the US.
Tags: Development Bangladesh Newsweek
