Bangladesh: Household Income and Expenditure Nearly Tripled in Past 12 Years : The Daily Star / Shamsul Farooq
The Bangladesh Bureau of Statistics (BBS) recently released its Household income and expenditure survey initiated in 2022. It shows the Household Income and expenditure nearly tripled in the last 12 years - both in rural and urban areas.
" Riding on steady economic growth in the past two decades, Bangladesh has made significant progress in many social indicators, cut the poverty rate, and raised calories intake", as the report reveals. The literacy rate, access to safe drinking water, significant reduction in poverty and extreme poverty have been flagged in the report. This has happened despite the challenges of COVID-19 pandemic, Ukraine war and associated global inflation.
The report also touches on several aspects of positive criticism by Economists and development policy makers of the country the challenges ahead.
The report also touches on several aspects of positive criticism by Economists and development policy makers of the country the challenges ahead.
Shamsul
The will to change their lives and better the future of their families is key to the success reported in Bangladesh- I am paraphrasing what Nobel laureates Abhijit Bannerjee and Esther Dufflo stated in their lecture in Bangalore , when they presented their research on how progress is achieved by communities and quoted the example of Bangladesh - The Grameen Bank’s initiative had set the momentum but the people moved forward through motivation, determination and hard work.
ReplyDeleteCongratulations to Bangladesh!!
Sree