Growth scenario: Hiding the reality
Bangladesh’s per capita GDP has more than doubled since 1975. The growth of GDP has been slow in the 1980s, at an annual average of 1.6% a year, but it accelerated to 3% in the 1990s, and to about 2% in more recent period. The acceleration resulted partly from a slowdown in population growth but also from a sustained increase in GDP growth, which averaged 3.7% annually during the 1980s, 4.8% during the 1990s and 5.6% since then.
The GDP growth rate of Bangladesh is not very high, but it is more or less stable one. GDP growth rate, declined a bit in 2002 (4.4%), but then stabled at around 7%. Although, the growth rate seems very stable, but this exemplary average performance hides both variations within geographic regions and poverty pockets. Very notoriously, it also hides the increasing inequality where inclusion of the excluded has not been realized at all. Rather the excluded class is being excluded in a higher extent.
Tags: Reality , Bangladesh , Growth
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