Vital Role of business
Bangladesh is a typical third world nation which is ranked among the most economically retarded nations.
The factors are merely large. An overall review and study of the cases may need decades of research and millions of money units both local and foreign. But despite the fact, it has been already revealed as the main reasons for a weak and nimble economy of Bangladesh is that it has not stressed importance on industrial sector since long. |
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odesk test answer odesk test solution women Fiona sports bra banking jobs tips High PR dofollow backlinks Al Quran recitation Banking career or profession Since liberation the nation was primarily dependent on agriculture, mainly due to reasons, of it being a tropical
country and natural causes supporting agriculture. But ironically since independence our agricultural sector had been subject to various natural calamities and lacked modern technology for the best yield. Failing in this the government switched its attention to industrial sector where the result and feasibility was simply alarmingly positive. There from the general attention of the nation and the mass is well known to all. |
Role in Agriculture :
Industries play a vital role in the economic development of a country like Bangladesh a country of the third
world is a vary suitable place for industries. The country's economy is mainly based on agriculture. 47% of the
total national income comes from the agricultural sector and about 75% of the total population are engaged in it.
Industries play a vital role in the economic development of a country like Bangladesh a country of the third
world is a vary suitable place for industries. The country's economy is mainly based on agriculture. 47% of the
total national income comes from the agricultural sector and about 75% of the total population are engaged in it.
in fine
The contribution of agriculture sector in the national economy stood at 47% as on 30th June '89. The contribution
of industries stood at 10%. Bangladesh is one of the least developed country due to its backwardness in the industrial
sector. The development of a country is mainly based on the development of industries. But in Bangladesh industrial
sector is not running properly and the steps taken by the government for setting up new industries are not implemented
properly. The production of the industries are greatly hampered for various reasons as a result the production of the
industries are not at on desirable level. This is why trend of increase of contribution of industries in the national
economy is very slow. The contribution of industries in sixties and seventies decade was 8% in the nation's economy,
which being raised to 8.5% to 9% at the eighties. The contribution of the same is 10% at the end of the ninth decades.
From the above it is clearly seen that economy development is greatly hampered due to non development in the
industries.
of industries stood at 10%. Bangladesh is one of the least developed country due to its backwardness in the industrial
sector. The development of a country is mainly based on the development of industries. But in Bangladesh industrial
sector is not running properly and the steps taken by the government for setting up new industries are not implemented
properly. The production of the industries are greatly hampered for various reasons as a result the production of the
industries are not at on desirable level. This is why trend of increase of contribution of industries in the national
economy is very slow. The contribution of industries in sixties and seventies decade was 8% in the nation's economy,
which being raised to 8.5% to 9% at the eighties. The contribution of the same is 10% at the end of the ninth decades.
From the above it is clearly seen that economy development is greatly hampered due to non development in the
industries.
Role in Trade & Commerce :
Industries play significant role on the economic development of the country. The industries only-provide 6 to
6.5% job opportunities of the country. This is very low in comparison to the Agriculture sector. More industries are to be set up and the production of the existing industries is to be geared up. So that more and more unemployed youths will be provided with be provided with job opportunities. Bangladesh has to import food grains, raw materials.
Spare parts from abroad, as a result the country has to spend huge amount of foreign currency in respect of import
of which the balance of trade and balance of payment do not show equilibrium. The deficit in balance of payment is met up from foreign grants and loan.
6.5% job opportunities of the country. This is very low in comparison to the Agriculture sector. More industries are to be set up and the production of the existing industries is to be geared up. So that more and more unemployed youths will be provided with be provided with job opportunities. Bangladesh has to import food grains, raw materials.
Spare parts from abroad, as a result the country has to spend huge amount of foreign currency in respect of import
of which the balance of trade and balance of payment do not show equilibrium. The deficit in balance of payment is met up from foreign grants and loan.
The dependence on import
The dependence on import should be decreased by increasing the production in the industries and steps should be taken
for setting up new industries. The National Investment Board should gear up the industrial policy. The financial
institutions and banks should take steps to minimize the formalities of loan sanctioning. A monitoring cell in the national level
should also be set up to monitor the activities of the concerned offices.
The role played by industries in Bangladesh is very much negligible in comparison to the developed countries. So it should
be the prime responsibility of the govt to take steps for over all development in the industrial sector, other wise the country
will remain undeveloped for ever.
for setting up new industries. The National Investment Board should gear up the industrial policy. The financial
institutions and banks should take steps to minimize the formalities of loan sanctioning. A monitoring cell in the national level
should also be set up to monitor the activities of the concerned offices.
The role played by industries in Bangladesh is very much negligible in comparison to the developed countries. So it should
be the prime responsibility of the govt to take steps for over all development in the industrial sector, other wise the country
will remain undeveloped for ever.
Conclusion :
Though the industries have great impact on economic development, it has got some adverse affect on the economic development of the country. The gases like Co2. co coming out from the industries create environmental imbalance which ultimately causes the green houses affect. The result of the green houses affect is alarming the
Asian Country like Bangladesh due to green house affect repeated drought, flood, cyclone are affecting the Countries economy greatly. The world is very much anxious upon the green house affect. The world Environmental scientists are finding way to face the green house affect. Though the industries in Bangladesh has got negative affect on the economy still increased production in industries will bring changes to the lot of the general mass and the nations as a whole.
Asian Country like Bangladesh due to green house affect repeated drought, flood, cyclone are affecting the Countries economy greatly. The world is very much anxious upon the green house affect. The world Environmental scientists are finding way to face the green house affect. Though the industries in Bangladesh has got negative affect on the economy still increased production in industries will bring changes to the lot of the general mass and the nations as a whole.