Remove barriers to the economy

Recent trend of our economy shows that it has got a sluggish motion. It is reported in the media that all the indicators of our economy show disappointing trend. There is negative trend in investment, especially foreign direct investment, though there is no politically untoward situation prevailing in the country at present. Foreign investors are closely observing our political situation and are cautious in taking decisions on investment. They are sceptical as the present political scenario may go unstable anytime. So, it is the fear that still persists. Besides sluggish investment, inflow of foreign remittance by our expatriate labours has slumped in recent times. Export of manpower has also declined.
The government might not achieve the targeted goal for this fiscal year due to the above mentioned reasons. While this will affect the projected growth of  GDP in this fiscal, the target of achieving Middle Income Country (MIS) status  by the year 2021 would also be badly affected. We have to achieve GDP growth 7.6 per cent for upcoming successive years in order to be a middle income country.
The party in power came up with 'Vision 2021' in its last tenure that envisaged many goals. The government should take urgent steps towards removing hindrances to meet those goals.

Md Zonaed Emran
Janata Bank Ltd
zonaed.emran@gmail.com