27 lakh new jobs this fiscal year: Kamal

Over 27 lakh jobs will be generated in the current fiscal year (FY 2016–17), announced planning minister AHM Mustafa Kamal.

“Every fiscal year, 20 lakh new heads enter the job market. This time, 6–7 lakh jobs will be created outside the country, and many people will go abroad. The rest of the jobs will be created inside the country,” he said while briefing reporters at the NEC auditorium in Sher-e-Bangla Nagar on Sunday. He disclosed that there are 29 lakh unemployed people in the country at this moment.
Mustafa Kamal said: “According to the World Bank’s calculations, the global economic growth will be almost 3 per cent in 2017. This means that developed countries will be able to recover from a long recession, and as a result, the condition of our country will improve.”
Expressing the hope of achieving 7.5 per cent GDP growth in the current fiscal year, Mustafa Kamal today said Bangladesh is moving forward, with all economic indicators showing a positive trend. The minister also said he expected the growth of credit flow, industrial production condition, and revenue growth to be better in the private sector.
In a recently published report of the World Bank named ‘Global Economic Prospects—2017,’ it is predicted that the world’s economic growth will be 2.7 per cent in the current fiscal year. The World Bank forecasts that GDP growth of Bangladesh will be 6.8 per cent in FY 2016–17.
Mustafa Kamal said: “Reduction in the flow of remittances will not affect the GDP growth, because income from remittances is not included while calculating GDP.”
“The government has targeted 7.2 per cent growth in the current fiscal. But the rising economic trend indicates that the country is likely to achieve 7.5 per cent economic growth.”
Though the country’s economic growth is showing a positive trend, the inflow of remittances has recently come down, he said, adding that the government has been working relentlessly to identify the reasons. Describing the investment environment as very good, Kamal said electricity and gas production would have to be increased to further accelerate the investment in the country.

27 lakh new jobs this fiscal year: Kamal

Over 27 lakh jobs will be generated in the current fiscal year (FY 201617), announced planning minister AHM Mustafa Kamal. Every fiscal year, 20 lakh new heads enter the job market. This time, 67 lakh jobs will be created outside the country, and many people will go abroad. The rest of the jobs will be created inside the country, he said while briefing reporters at the NEC auditorium in Sher-e-Bangla Nagar on Sunday. He disclosed that there are 29 lakh unemployed people in the country at this moment. Mustafa Kamal said: According to the World Banks calculations, the global economic growth will be almost 3 per cent in 2017. This means that developed countries will be able to recover from a long recession, and as a result, the condition of our country will improve. Expressing the hope of achieving 7.5 per cent GDP growth in the current fiscal year, Mustafa Kamal today said Bangladesh is moving forward, with all economic indicators showing a positive trend. The minister also said he expected the growth of credit flow, industrial production condition, and revenue growth to be better in the private sector. In a recently published report of the World Bank named Global Economic Prospects2017, it is predicted that the worlds economic growth will be 2.7 per cent in the current fiscal year. The World Bank forecasts that GDP growth of Bangladesh will be 6.8 per cent in FY 201617. Mustafa Kamal said: Reduction in the flow of remittances will not affect the GDP growth, because income from remittances is not included while calculating GDP. The government has targeted 7.2 per cent growth in the current fiscal. But the rising economic trend indicates that the country is likely to achieve 7.5 per cent economic growth. Though the countrys economic growth is showing a positive trend, the inflow of remittances has recently come down, he said, adding that the government has been working relentlessly to identify the reasons. Describing the investment environment as very good, Kamal said electricity and gas production would have to be increased to further accelerate the investment in the country.