According to Bangladesh Bureau of Statistics (BBS) data, Bangladesh will achieve a GDP growth in fiscal 2017-18 is likely to be 7.65 per cent, up from 7.28 per cent a year earlier. The data also confirmed that the industrial sector is making the most impact on this projected growth.
“Growth in all three types of industries (large, medium and small) is quite good compared to the previous FY. The export and the domestic industries sectors both have moved forward,” said Khandaker Golam Moazzem, Research Director at the Center for Policy Dialogue (CPD). According to the source, the contribution of this sector in the GDP has exceeded 32 per cent. Bangladesh currently has around 1,000,000 small and medium industries. The labour force survey report by the BBS revealed that 3,700,000 people gained employment in FY 2016-2017. In the industries, only 200,000 people gained employment during the same period.