Bangladesh the World's eighth most populous nation has made outstanding progress since it came into being. The country progress has just underpinned by 6% over the decade and reached to 7.9% in 2017/2018 - faster than India’s or Pakistan’s.
Once the poverty element was deep and widespread, but in the recent years Bangladesh made remarkable achievements in reducing the poverty through sustaining its economic growth. A major milestone that it breached was reducing poverty from 44.2 percent in 1991 to just 14.8 percent in a fiscal year 2016/17. Once it was the region’s poorest country but now its GDP per head is higher than Pakistan’s.
By reducing population growth and improving the health and education in parallel to per capita food production, Bangladesh has achieved more than its neighbouring countries in short period of time. Bangladesh reached the lower middle-income country status in 2015, a step towards meeting all three eligibility criteria for graduations from the UN’s Least Developed Countries (LDC) list for the first time and is on track for graduation in 2024.
The rapid increase in the economic growth always demands energetic attitude and discipline, but in Bangladesh’s case all went unpredictable. Incapabilities, improper planning and insufficient investments ruled out the state and caused severe threats to country’s infrastructure and on-going developments.
