Kamal hopeful about 7.5pc GDP growth

Expressing the hope of attaining 7.5 per cent GDP growth in the current fiscal year 2016-17, Planning Minister AHM Mustafa Kamal yesterday said Bangladesh is moving forward with all economic indicators in positive trend, reports BSS.
“The government has targeted 7.2 per cent growth in the current fiscal.  But the upward economic trend shows that the country is likely to achieve 7.5 per cent economic growth,” Kamal told journalists at a meet the press at the NEC conference room in the capital.
Though, the country’s economic growth is in positive trend, recently the inflow of remittances has come down, he said, adding that the government has been working relentlessly to identify the reasons.
He hoped that the remittance inflow will be US$18 billion in 2018.
Mentioning the investment environment as very good, Kamal said the production of electricity and gas will have to be increased to further accelerate the investment in the country.
“Four percent investment needs to attain one percent GDP growth. Nothing can be expected without investment,” he added.
He also underscored the need for developing human resources to come out from Least Developed Country (LDC) status, saying that skilled manpower is the driving force of the economy.
“We’ve to attach more importance to developing skilled human resources and the government has already taken various steps in this regard,” he added.

 

Kamal hopeful about 7.5pc GDP growth

Expressing the hope of attaining 7.5 per cent GDP growth in the current fiscal year 2016-17, Planning Minister AHM Mustafa Kamal yesterday said Bangladesh is moving forward with all economic indicators in positive trend, reports BSS. The government has targeted 7.2 per cent growth in the current fiscal. But the upward economic trend shows thatthe country is likely to achieve7.5 per cent economic growth, Kamal told journalists at a meet the press at the NEC conference room in the capital. Though, the countrys economic growth is in positive trend, recently the inflow of remittances has come down, hesaid, adding that the governmenthas been working relentlessly to identify the reasons. He hoped that the remittance inflow will be US$18 billion in 2018. Mentioning the investment environment as very good, Kamal said the production of electricity and gas will have to be increased to further accelerate the investment in the country. Four percent investment needs to attain one percent GDP growth. Nothing can be expected without investment, he added. He also underscored the need for developing human resources to come out from Least Developed Country (LDC) status, saying that skilled manpower is the driving force of the economy. Weve to attach more importance to developing skilled human resources and the government has already taken various steps in this regard, he added.