Bangladesh: Strategies and Requisites for Growth
Mohit Musaddi and Sanjay Pulipaka
Over the past decade, Bangladesh has achieved an impressive annual growth rate of around 7 percent, with the GDP soaring from USD 18.14 billion in 1980 to USD 460.2 billion in 2022. The country is set to become the 20th largest economy by 2037. This issue brief maps the country’s economic ascent, which has led to substantial improvements in social indicators, including a rise in life expectancy, a significant reduction in under-five mortality, and strides in education and gender empowerment. It explores Bangladesh’s proactive approach to regional partnerships, particularly with India, and its efforts to diversify global engagements, including collaborations with Japan and Europe. Highlighting Dhaka’s challenges, such as the overreliance on the textile sector, energy crises, and geopolitical complexities affecting economic growth, it emphasizes the need for Bangladesh’s democracy to maintain social harmony, political stability, and gender empowerment to attract foreign investment and sustain economic growth.
Related Publications
-
Trade, Connectivity and Supply Chains in EU-India Relations
In the decade and a half since 2007 when the EU and India first started their FTA negotiations, the world economic order has undergone a sea change. During that period, […]
-
Can UAE become an Indo-Pacific Sea Power?
Amidst the intensified race over connectivity in the Indo-Pacific in a competitive infrastructure marketplace, the UAE is positioning itself to play an important role through strategic investments in ports abroad […]
-
ISDP Annual Report 2023
ISDP’s Annual Report for the year 2023. We look back on 2023, a year in which tensions and conflicts captured the strategic space in ISDP’s focus areas, making headlines around […]
-
India-Middle East-Europe Economic Corridor: Will It Get Subsumed by Its Grand Vision?
The recently concluded Group of Twenty (G20) Summit in New Delhi under India’s presidency was, undoubtedly, a crowning moment for India. From providing the G20 with new relevance among the […]
-
EU-Thailand FTA Negotiations: IUU Fishing and Human Rights Remain Obstacles
Thailand’s fishing industry, which at its height saw as many as 200,000 migrant workers from neighboring Laos, Myanmar, and Cambodia caught in a brutal system of abuse, withered global criticism […]