Bangladesh GDP grows at 6.91 pc.

The Bangladesh economy registered an impressive 6.91 percent growth in the financial year 2020-21 exceeding the provisional estimate by 1.51 percent, according to the Bangladesh Bureau of Statistics (BSS). The GDP growth rate in 2019-20 was 3.45 percent.

The accelerated growth rate has taken place on the back of the rebound in the industrial sector, especially the cottage, small, medium and large industries. The information was shared at the meeting of the Executive Committee of the National Economic Council (ECNEC) chaired by Prime Minister Sheikh Hasina on Tuesday. The industrial sector showed a sharp rise in growth rate from 3.61 percent in FY 2019-20 to 10.29 percent in FY 2020-21.

Within the industrial sector, micro, small and medium industries grew at 13.89 percent in FY 2021 from 6.03 a year earlier. Agriculture grew at 3.17 percent, showing a decline from 3.42 percent in 2019-20. The Services sector...