Sectoral Analysis

ABOUT BANGLADESH MARKET - Agriculture is the dominent economic activity in Bangladesh and regarded as the lifeline of the Bangladesh economy. Its role is vital in enhancing productivity, profitability and employment in the rual areas. As the largest private enterprise, contributes about 21% of the GDP, sustains the livelihood of about 52% of the labour force, and remains a major supplier of raw materials for agro-based industries. Agriculture plays an important role in the overall economic development of Bangladesh.

In order to achieve the GDP growth rate of 7% per year, agriculture must grow by atleast 4 to 4.5% per year (PRSP, 2005). This is presumably possible through an increase in agricultural productivity based on modern agricultural technology and a supply chain linking farmers with consumers in the domestic as well as overseas market. (Source: National Agricultural Policy 2011)