Daffodil International University

Faculties and Departments => Business Administration => Business & Entrepreneurship => BBA Discussion Forum => Topic started by: ForhadFaysol on April 10, 2012, 08:52:05 PM

Title: Next GDP growth target 7.3%-Can we Acheive?
Post by: ForhadFaysol on April 10, 2012, 08:52:05 PM

Finance minister Abul Maal Abdul Muhith on Tuesday said the next budget will target the economy to grow at 7.3 percent.

He gave out the information at a views-exchange meeting on the next fiscal with economists at the secretariat.

Muhith said the budget in the 2012-13 fiscal will be around Tk 1.89 trillion.
The current budget is worth around Tk 1.63 trillion and the GDP growth rate target has been forecast at 7 percent.

The minister said the average inflation rate in the current fiscal was just above 10 percent. "Our target in the new fiscal will be to bring it down to a single digit," he said.

The last budget envisaged the average inflation rate within 7.5 percent. But according to a recent Bangladesh Bureau of Statistics (BBS) report published in April, the general inflation topped 10 percent in March.

Muhith said agriculture, rural development and human resource development would be given the highest priority in the new budget as was done in the previous one.

He said the power sector would also be prioritised in the next budget.

Title: Re: Next GDP growth target 7.3%-Can we Acheive?
Post by: hassan on April 22, 2012, 08:08:44 PM

I think it is not possible until current economic situation improved.

Title: Re: Next GDP growth target 7.3%-Can we Acheive?
Post by: Anowar@UC on May 16, 2012, 01:25:32 PM

it is possible if our political parties cooperate the government

Title: Re: Next GDP growth target 7.3%-Can we Acheive?
Post by: Faiyaz on May 19, 2012, 10:23:00 PM

As inflation is the root cause of hinderance in this regard, we can implement import substitution policy. By this we dont have to import inputs from abroad thus we'll be safe from the currency fluctuations issue so that the lesser price of taka in purchasing imports might not be 'imposed' on general public. But ironically, economic movements (specially in a third earth country like ours) are pressurized, directly or indirectly by international 'heads' or even by the nativemen. E.g- augusto pinoche (spelling might be wrong) tried some of this policy but was conspired and hindered by america. So........   

Title: Re: Next GDP growth target 7.3%-Can we Acheive?
Post by: goodboy on May 19, 2012, 10:37:47 PM

I doubt it specially under this puppy minister,i used to have a lot of faith on Malamaal Muhit but not anymore.
Whatever, hope for the best.

But, my suggestion is let the Investment should be focused on export industries, specially in smal and medium engineering, IT and service industries based on the outsourcing model.

Title: Re: Next GDP growth target 7.3%-Can we Acheive?
Post by: tree on June 27, 2012, 02:36:23 PM

 I agree with good boy but we need more entrepreneur and this is impossible to complete targate.