In­vest­ments hit record high

Maritime Gateway - - News -

In­vest­ments crossed 31 per cent of GDP for the first time in Bangladesh's his­tory last fis­cal year thanks to a spike in pub­lic spend­ing on mega in­fra­struc­ture projects now be­ing im­ple­mented. In fis­cal 2017-18, over­all in­vest­ment to gross do­mes­tic prod­uct ra­tio stood at 31.23 per cent, which was 30.51 per cent the pre­vi­ous year, ac­cord­ing to data from the Bangladesh Bu­reau of Sta­tis­tics. For about a decade the ra­tio has been hov­er­ing be­tween 27 and 30 per cent. But to hit the coun­try's growth am­bi­tions, it can ill af­ford to hover around the 31 per­cent-mark. The ra­tio has to be about 35 per cent of GDP, ac­cord­ing to econ­o­mists. Pri­vate in­vest­ment rose 0.3 per­cent­age points of GDP in the last two years and pub­lic in­vest­ment 1.3 per­cent­age points.

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