Per capita income likely to exceed $3,000 this year

Government measures to cut poverty deserve plaudits

Published : 11 Jan 2022 09:27 PM

The significant economic boost which the country has witnessed over the recent years has really been commendable, to say the least. The government’s holistic approach is leading us to great economic achievements. It is apprehended that the average per capita income of the people of the country will exceed three thousand dollars by this year.

Our average income has grown significantly in the last decade. When Prime Minister Sheikh Hasina came to power in 2009, our income was below 700. In the last one decade, our per capita income has risen to 2,054 and hopefully, it would increase to three thousand dollars this year.

It is apprehended that the average per capita 

income of the people of  the country will 

exceed three thousand dollars by this year

The government now needs to take constant policies to continue the positive macroeconomic trend. More foreign direct investments should be attracted and exports should be maximised so that we can maintain a trade surplus. 

To attract more foreign investments in our resilient garment sector, government can target the companies which are recently shifting away from China, and if we can get part of it and attract some of those companies, that would be a good opening to bring and diversify the economy too.

For a sustainable economic growth, government should consider to make economic reforms in the fundamental sense. 

If the remaining economic complexities are removed it will bolster the already augmented GDP growth.