Dhaka, Bangladesh (BBN)- The GDP (gross domestic product) growth registered a record rise, crossing 7.0 per cent mark for the first time in Bangladesh.
The GDP grew at 7.05 percent so far in the ongoing fiscal year (FY) 2015-16, Planning Minister AHM Mustafa Kamal said told reporters on Tuesday after the meeting of the National Economic Council (NEC) on the recent economic development.
Prime Minister Sheikh Hasina presided over the meeting, held at NEC at the capital's Sher-e-Bangla Nagar. Ministers, secretaries and high officials attended the meeting.
The GDP growth is higher than the targeted 7.0 percent for the current FY16, ending on June 30, 2016.
The per capita income (GNI) also marked significant rise on the strong progress in the economic front, with surging to $1466, according to the minister.
The per capita income stood at $1,316 at the end of the past 2014-15 fiscal year (FY15), prompting the World Bank (WB) up Bangladesh status to a lower-middle income country.
The record growth of GDP and increase in the per-capita income has largely been attributed to the phenomenal growth in agricultural sector and steady rise in export earnings.
BBN/SSR/AD