For equitable growth

It is an equitable economy we wish to become, not just a prosperous one.

For another year straight, Bangladesh is projected to show promising growth in terms of its GDP.

With a report from the Asian Development Bank putting the growth at 6.9% for the fiscal year of 2022.

Yet, while this is encouraging, growth numbers cannot be the be-all end-all of all our progress indicators. 

Inflation is also expected to rise in the same period.

With the current upheaval of prices of daily necessities.

And the gap between the poor and the rich growing bigger, this is an issue that requires attention.

We need to make sure that this growth is holistic and equally distributed throughout the country.

The GDP per capita in Bangladesh may be increasing.

But this is hardly an accurate representation of the financial state of the people of the country at large. 

While the vast majority of Bangladeshis slid down to poverty during the lockdown, a certain number of people benefited.

One look at the news will confirm the fact that there are people in the country who can’t even pay their daily bills.

This is especially problematic since in countries like Sri Lanka, inflation combined with unwise government.

Expenditures have given rise to a situation where almost all daily necessities have become unaffordable for the general populace.

While the possibility of this happening in Bangladesh is low, erring on the side of caution should  be our approach.  

There should be proper safety nets that can ensure that everyone can be afforded a standard way of living.

The economy of Bangladesh is growing, but it has to be reflected in the common citizens.

It is an equitable economy we wish to become, not just a prosperous one.

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and medicines are in short supply.

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply.

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