'GDP growth to reach 8.25% in FY19'
Planning Minister AHM Mustafa Kamal yesterday expressed his hope that the GDP growth rate in the current fiscal year would reach 8.25 percent surpassing the fiscal target of 7.8 percent.
The minister expressed the optimism while addressing a Meet the Press' held at the NEC Conference Room in the city's Sher-e-Bangla Nagar area. AHM Mustafa Kamal said, "As per the preliminary estimation, the GDP growth rate in the last fiscal year (FY18) reached 7.65 percent and it will further increase when the final estimation will be made soon. We expect that the GDP growth in the current fiscal year will reach 8.25 percent."
The Planning Minister also expressed his high optimism that the GDP growth rate in the country would reach 9 percent by 2025 while it would reach 10 percent by the year 2030.
He also reiterated that the poverty level in the country would come down into zero level by 2030. Citing a world GDP ranking, AHM Mustafa Kamal, said that in terms of purchasing power parity (PPP), Bangladesh now stands at the 31st place with a GDP size of $751 billion and the country is poised to move one step ahead (30th place) by the year 2023 when its GDP size would increase by 50 percent to around $1159 billion.
He said that by 2023, many countries in the world like South Africa, Colombia, UAE, Vietnam, Iraq and Singapore will remain below Bangladesh in terms of PPP.
Source: https://dailyasianage.com
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