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LightCastle Economic Update – April 2016

Abstract

Bangladesh economy has exhibited impressive growth over the last decade despite myriad challenges. Rising GDP and stagnating population growth have contributed to rising per capita income, exceeding lower income threshold. Growth prospects for 2017-18 is upbeat with ADB, World Bank and Government forecasts predicting GDP growth to hover within the 6-7% range. Recent regional connectivity agreements with neighboring countries – India, Nepal and Bhutan – will add further impetus on growth. Additionally, inauguration of the Padma bridge (expected to open in 2018) will be connecting the economically backward Northern region with the rest of the country, contributing to higher GDP trajectory.

LightCastle Partners

LightCastle creates data-driven opportunities for growth and lasting impact for development partners, corporations, startups and SMEs. Till date, we have consulted for 120+ corporations & development partners, collaborated with 300+ SMEs & startups and supported 20+ accelerator programs across Bangladesh.

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