Bangladesh's Journey Towards Development and Economic Inclusion
Bangladesh has made significant advancements since obtaining independence in 1971. A nation primarily known for its agrarian landscape and extreme poverty, it undertook a revolutionary journey that finally resulted in the creation of an economy centered on manufacturing. International organizations and development partners have praised Bangladesh's economic success over the years. In 2026, Bangladesh will leave the group of least developed nations (LDC) after the UN General Assembly makes its decision. However, the International Monetary Fund (IMF), a global financial institution that closely tracks global macroeconomic conditions, has stated that Bangladesh's economic growth could surpass that of China's and India's. Bangladesh's economy has seen a remarkable shift from being primarily rural and agrarian to being increasingly urbanized and industrialized since gaining independence. In 1981, the GDP contribution of industry—including construction—rose from 9% to 14...