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Bangladesh Economy. Agriculture and Industrial Sector of Bangladesh. Presented by. Kamrul & akhi. Importance of Agriculture in Bangladesh. Agriculture is an important sector of the economy of Bangladesh and one of the main drivers of economic growth. - PowerPoint PPT Presentation
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Bangladesh EconomyAgriculture and Industrial
Sector of Bangladesh
KAMRUL & AKHI
Presented by
Importance of Agriculture in Bangladesh
• Agriculture is an important sector of the economy of Bangladesh and one of the main drivers of economic growth.
• In order to ensure food security, the government is committed to achieve self sufficiency in food by 2013 through increased production.
• Though the direct contribution of the agriculture sector has decreased slightly, its indirect contribution to the overall growth of GDP is significant.
• The growth of broad service sector, particularly the growth of wholesale and retail trade, hotel and restaurants, transport and communication sector is strongly supported by the agriculture sector.
• Provision of food security, improvement of the living standard and generation of employment opportunities of the huge population of the country are directly linked to the development of agriculture.
Contribution of Agriculture in GDP
The contribution of agriculture sector in GDP is declining in last three decades
Food BudgetImport by Public Sector:
In 2010-11, it was targeted to import 12.86 lakh tons of rice and 9.12 lakh tons of wheat
Till February 2011 import stood 5.31 lakh tons or rice and 5.24 lakh tons of wheat (a total of 10.55 lakh tons).
In 2009-10 total import was 5.56 lakh tons.
Import by Private Sector:
Till February 2011, total import was 20.88 lakh tonsIn 2009-10, total import was 28.99 lakh tons.
Food Aid:
Till February 2011, total food aid was 1.49 lakh tons.
Agriculture
Strengths of Agriculture in Bangladesh
• Favorable agro climate• Experts are available• Research Extension
System for technology generation
• Farmers are responsive, innovative and adaptive new technologies
• Sufficient workforce • Wide range of biodiversity• Available water
Weakness and Threats of Agriculture in Bangladesh
Weakness and Threats of Agriculture in Bangladesh
Weakness• Weak Agro Marketing
System• Post harvest loss is high• Farmers own capital is low• Low access to institutional
credits• Private investment in
research and development is low
Threats• Environmental
Vulnerability• Soil health is declining• Cultivable land and water
also declining• Uncertainty of fair prices• Use of agricultural land for
non-agricultural use is increasing
Industrial Sector of Bangladesh
Overview of Industrial SectorIndustrialization is indispensable for rapid and sustainable economic development.The contribution of the industry sector to Bangladesh economy has been on the increase. In FY1980-81, the contribution of the broad industry sector to real GDP was17.31 percent which has increased to 29.88 percent in FY2009-10, according to BBS. Among the fifteen sectors identified for computing national income, the broad industry sector includes five sub-sectors such as mining and quarrying; manufacturing; construction; electricity and gas and water supply.In order to reduce poverty and to generate employment opportunities, the present government is committed to bring about rapid industrialization.
Contribution of Industrial sector in GDP (in percentage)
•Contribution of Industrial sector in GDP is increasing over the years during the last three decades.
Growth Rate of Industrial Sector (in percentage)
•Growth rate of Small-Medium industry lies between 6.90% to 9.69% in last six years.
•Growth rate of Medium-Large industry lies between 5.98% to 11.41% in last six years.
•Growth rate of overall industry lies between 6.50% to 10.77% in last six years.
Bangladesh Export Processing Zones (EPZs)
Bangladesh Export Processing Zones (EPZs)
Largest
Smallest
Steps Forward
Steps ForwardSteps have been taken to set up special economic zones in various regions to boost up exports and establish export-oriented industries. The economic zones will comprise: (1) export processing zone, (2) domestic processing zone, (3) commercial zone, (4) processing-free zone, (5) agro-based or service-based zone and (6) high-tech parks, ICT villages, software technology parks
References:Bangladesh Economic Review 2011Bangladesh Economic Review 2010www.mof.gov.bdMinistry of Agriculturewww.moa.gov.bdMinistry of Industrieswww.moind.gov.bd
GOOD BYE
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