Update March 2, 2015

Dhaka 2-12 pm, 28-May, 2020

Political violence and global recession could not stop higher growth: Muhith

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Muhith

Finance Minister Abul Maal Abdul Muhith

2 March 2015, Nirapad News: Bangladesh achieved 6.12 percent GDP (gross domestic product) growth in the 2013-14 fiscal year amid frequent poll violence in the country and global economic recession.

Finance Minister Abul Maal Abdul Muhith told this in the Jatiya Sangsad today while replying to a tabled question from treasury bench lawmaker M Abdul Latif.

The finance minister said the country also witnessed a higher growth in the socio-economic sector side by side with a positive sign in all indexes including of GDP growth, per capita income, production of food grains, inflation, import, export and foreign exchange reserve in the last five years. The development trend still continues amid the prevailing situation, the minister added.

Muhith said the country’s poverty rate has come down to 26.2 percent from 40 percent during 2009-2014 while the per capita income rose to $1,190 from $543 during the same period.

Referring to the ongoing progress in education, health and sanitation sectors, he said child and maternal mortality rates have dropped sharply and life expectancy rose to 70 years from 66.5 years.

“The income from import, export and remittance has been tripled and Bangladesh is now exporting rice due to self-sufficiency in production,” he added.

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