Conclusion: The macroeconomic picture of economic growth and relevant initiatives in Bangladesh

Growth in Bangladesh has averaged more than 6% over the last decade, significantly lifting per capita income. Poverty has declined steadily and other social indicators, like gender disparity in education and maternal mortality, have also improved. Throughout this process, the country has diversified away from an agrarian to a more manufacturing-based economy with rapid growth in the ready-made garment (RMG) industry (IMF, 2019; Prime Minister’s Speech at the World Economic Forum, 4 October 2019).