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Showing posts from August, 2015

A brief overview of the business sector of Bangladesh

Bangladesh is a developing country with a large population. But the country is developing rapidly. The GDP growth is maintain a steady rate of 5.5% throughout the last five years. That is a clear indication that Bangladesh is developing and moving in the right direction. In earlier days, Bangladesh was dependent largely on agriculture and natural resources such as coal, gas, hard rock and silicon. But in recent years business sector has come up. The main sectors which are booming includes ready-made garments, textiles, cotton, jute, paper, newsprint, tea, chemical fertilizer, cement, sugar and light engineering. Among all these sectors ready-made garments sectors has emerged as the biggest earner of foreign currency. Next sector is tea. These two sectors are contributing significantly in GDP growth.  Besides ready-made garments products and tea, Bangladesh is also exporting leather and leather products, seafood, urea fertilizer, ceramic products, staple fibers, paper, raw jute and j