There is no magic but an indication of factors like robust approach with textile and apparel sectors major portion of female workers with competitive labour cost and young overseas workforce. Ongoing futuristic infrastructure development including rail and road network, economic zones attracting foreign direct investment. This might open sustainable and diversified export opportunities.
A sharp economic recovery from Covid indicates that for Dhaka, the good times may have just begun. Standard Chartered, a global bank, said in its latest report that the country would grow at over seven per cent in fiscal 2022. More importantly, this rate is likely to be sustained, making it a $500-billion economy by the fiscal year 2026. It is significant to comprehend that the Bangladesh economic miracle is not at some future date. It's already happened. Its per capita gross domestic product (GDP) in 2020 was $2,227, while India clocked $1,947 and Pakistan only $1,543.
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