Bangladesh hopes to raise its annual GDP growth to 8 per cent in next three years based on assumptions that the domestic and global economy will bounce back from Covid-19 shocks and losses, according to an official document.
It also hoped that investment in social infrastructure and private sector industry will increase because of ongoing reform initiatives and various stimulus programmes.
According to an official document, the estimation of GDP for the running 2021-22 fiscal and the projection for 2022-23 fiscal are 7.2 percent and 7.6 percent respectively.
But, it said that to achieve the 8 per cent GDP in the 2023-24 fiscal would be a tough one with the ongoing public and private investment.
In 2019-20 fiscal total investment stood at 31.8 percent of the GDP where public sector contributed 23.6 per cent while private sector contributed 8.1 per cent.