Bangladesh Seen on Track to Be a Trillion-Dollar Economy by 2040
- South Asian nation must maintain at least 5% annual growth
- Large consumer market boosts growth: Boston Consulting Group
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Bangladesh is on course to become a $1 trillion economy by 2040, driven by consumer optimism, innovation in emerging economic sectors and a young engaged workforce, according to Boston Consulting Group.
With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand, BCG wrote in a report released on Friday.