Published: Dhaka Tribune
15 January 2025, 09:48 AM

By Aminul Arifeen
Monjur Rashid

Bangladesh is a small developing country inhabited by a population of 174,638,449 (Worldometre January 3, 2025). During the last one and a half decades, the economy of the country has been growing at an annual rate of over six percentage points. The country’s GDP growth rate reached over seven percentage points during the last several years (Bangladesh Economic Review 2017). But for the last three years, the pace has been on the decline again, and its figures are 5.82% (2023), 5.42% (2024), and in the current new year it has come down to 5.2% (FY2025), respectively. For this reason, the ongoing development process of the country, however, has failed to generate outcomes that are compatible with the desires of an equitable and democratic society.