Overview

By 2035, Bangladesh is poised to continue its upward trajectory, transitioning from a lower-middle-income to a robust upper-middle-income country. This forecast considers current trends in economic growth, structural reforms, infrastructure development, and global economic conditions.

 

Key Drivers of Growth

  1. Industrial Diversification and Export Growth
    1. Continued expansion in the ready-made garments sector, along with diversification into other manufacturing industries such as electronics, pharmaceuticals, Hi-tech industries, and information technology, will drive export growth.
    2. Policies aimed at improving the business environment and reducing trade barriers will enhance competitiveness in global markets.

 

  1. Infrastructure Development
    1. Major investments in infrastructure, including transportation networks, energy projects, and urban development, will facilitate economic activities and attract foreign direct investment (FDI).
    2. Projects like the Padma Bridge, deep-sea ports, and extensive road and rail networks will significantly improve connectivity and logistics.

 

  1. Human Capital and Education
    1. Investments in education and vocational training will yield a more skilled workforce, driving productivity and innovation.
    2. Enhanced healthcare systems and social safety nets will improve overall human development indices.

 

  1. Digital Economy
    1. Rapid digitalization, supported by widespread internet access and mobile connectivity, will spur growth in e-commerce, fintech, and IT services.
    2. Government   initiatives promoting digital   literacy and   entrepreneurship will   foster a dynamic tech ecosystem