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PM: Outgoing FY to see 7.78% GDP growth

  • Published at 08:18 pm June 27th, 2018
File photo of Bangladesh Prime Minister Sheikh Hasina addressing the parliament Focus Bangla

'The GDP growth will increase to 8% in 2020'

Prime Minister Sheikh Hasina on Wednesday told Parliament the outgoing fiscal year (FY2017-18) will see a 7.78% GDP growth.

"...7.78% GDP growth has been projected in the current fiscal year, which is the highest in the country's history," she said.

The leader of the House said this in replying to a question tabled by opposition Jatiya Party MP Fakhrul Imam (Mymensingh-8).

The premier said the size of the country's GDP was only $72 billion in FY2005-06 fiscal year, which has increased to $274 billion in fiscal year 2017-18.

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The target has been set in the 7th five-year plan to attain an average of 7.4% GDP growth annually. The GDP growth will increase to 8% in 2020, she hoped.

Mentioning her government's various successes, the prime minister said the country's foreign currency reserve rose to $33.41 billion in FY2017-18 from only $3.48 billion in 2006.

She said the per capita income was only $543 in 2006, which currently stands at $1,752.

The poverty rate has now decreased to 22% from 41.5% in FY2005-06, Hasina added.

The prime minister said the export volume was only $10.5 billion in 2006, which now stands at $34.8 billion.