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Focus Writing is About Major Factors Contributing To Economic Growth

Introduction :
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Bangladesh has come a long way in its economic growth. From a meagre US$ 5.70 billion in 1972, the gross domestic product (GDP) increased to US$ 285.82 billion in 2018. The Bangladesh economy is the 42nd largest in the world in nominal terms and 31st largest in terms of Purchasing Power Parity (PPP). Recently, Bangladesh graduated from least developed country (LDC) status to a lower middle income country, and hopes to become a developed country by 2041.

Considerable increase in per capita income has been made possible by sustained economic growth. The three broad economic sectors (agriculture, industry and services) contributed to the process of economic growth. Between 2009-10 and 2016-18, the growth rate of the agriculture sector declined while it increased in the services and industry sectors. The overall share of the agriculture (including fisheries) sector to GDP declined to around 14 per cent, while that of the services and the industry sectors increased to around 52 per cent and 34 per cent respectively in FY 2016-17. Within the industry sector, growth in the manufacturing (led predominantly by the ready-made garments (RMG) sector), 'electricity, gas and water supply' and the construction sub-sectors experienced positive growth. Within the manufacturing sector increase, large industries experienced positive growth, while it remained largely unchanged in the case of small-scale industries. Within the services sector, growth in trade, hotels and restaurants and transport, storage and communication remained unchanged; and real estate declined. Financial intermediations registered positive growth, though at a low rate.
Economic growth in Bangladesh has been helped largely by export earnings from the ready-made garments (RMG) sector; remittances sent by migrant workers; growth in the agricultural sector; expansion in Medium, Small and Micro Enterprises (MSMEs); decline in the rate of population growth; and the government's safety net programmes.

First, considerable expansion has taken place in the RMG sector since the late 1970s. Today, it is the most important industry in the country; and Bangladesh is the second largest apparel exporter of western brands, after China. The RMG sector accounts for around 82 per cent of total exports. Bangladesh's garment exports increased from US$ 6.8 billion in 2005 to over US$30 billion (The Financial Express, July 05, 2018).
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Second, being a labour surplus country, annually about 0.5 million Bangladeshis migrate abroad in search of jobs. According to the Bureau of Manpower Employment and Training (BMET), the total number of Bangladeshi labour migrants was around 11.5 million in 2017. The figure represents about 4.5 per cent of the country's population and 11 per cent of its labour force (BMET 2018). With increase in the number of migrant workers, there has been considerable increase in the amount of annual remittance.
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Third, agriculture sector witnessed remarkable progress, despite continued loss of arable land. There has been a sharp increase in food grain production during the last over four decades. The increase has been made possible as a result of a liberalised input market and expansion of irrigation, encouraging farmers to adopt the new seed-fertiliser technology.
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Fourth, small and medium enterprises (SMEs) has played a vital role in promoting economic growth, poverty reduction, and employment generation. The Government of Bangladesh highlighted the importance of SMEs in its Industrial Policy; and it has been identified as a 'thrust sector' by the Ministry of Finance. However, to efficiently run SMEs, allocation of adequate funds and skill development of both entrepreneurs and workers are critically needed.


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এই ওয়েবসাইট থেকে যেকোনো ফাইল কিভাবে ডাউনলোড করবেন ?

অনেকে আছেন যারা অযথা কমেন্ট করে জিজ্ঞাসা করেন কিভাবে ডাউনলোড করব তাদের উদ্দেশে বলে দেয় আমাদের এই সাইটের সকল ফাইল আপনি অবশ্যই ডাউনলোড করতে পারবেন । আমরা সাধারণত গুগোল ড্রাইভ এর লিংক শেয়ার করে থাকি এখান থেকে আপনি নিরাপদ এবং খুব দ্রুত যেকোনো পিডিএফ বা অন্যান্য সকল ফাইল সংগ্রহ করতে পারবেন । আর একটি কথা বলে রাখা দরকার এই সাইটটি কোন প্রকার ফেইক ডাউনলোড পোস্ট করে থাকে না সুতরাং যেখানে দেখবেন পিডিএফ ডাউনলোড বা ফাইল ডাউনলোডের কথা বলা আছে মনে রাখবেন আপনি অবশ্যই সেই পোষ্টটি থেকে আপনার কাংখিত পিডিএফ বা অন্যান্য ফাইল গুলো ডাউনলোড করে নিতে পারবেন । প্রতিটি ডাউনলোড বাটনে একটি টাইমার সংযুক্ত করা আছে । মূলত ফাইল গুলো প্রস্তুত হতে বেশ কিছুটা সময় লাগে সেকারণে ডাউনলোড টাইমার দেওয়া হয় । কিছু কিছু স্বয়ংক্রিয় ডাউনলোড টাইমার থাকতে পারে, সেক্ষেত্রে টাইমার দেখলে ভয় পাবার কিছু নেই টাইমার শেষ হলে কোন দুর্ঘটনা ঘটবে না আপনার মুল্যবান সময়ের কিছুটা দিয়ে সেখানে অপেক্ষা করুন টাইমার পুরোপুরি শেষ হলে ডাউনলোড বাটন পেয়ে যাবেন ।

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যারা বিভিন্ন বিষয়ের উপর লিখতে পছন্দ করেন এবং আপনার লিখিত সৃষ্টিকর্ম প্রকাশ করতে চাচ্ছেন তারা এই ওয়েবসাইটের একজন লেখক হিসেবে বিনামূল্যে যোগদান করতে পারেন । লেখক হিসেবে যোগদান করে আপনার লেখাগুলো এই ওয়েবসাইটে পোস্ট করুন । Author sign up !