Bangladesh to become world's 9th largest market by 2030: PM Hasina

Bangladesh Prime Minister Sheikh Hasina on Sunday said Bangladesh would be the 9th largest consumer market by the end of this decade, with the government working with the goal of overtaking many established markets in the world.

"We've been working with a goal so Bangladesh could surpass established markets like the UK and Germany, and the current high-growth countries Vietnam and Thailand at that time," she said.

The premier said this while inaugurating the 60-year celebration and Investment Expo, 2023 of the Foreign Investors Chamber of Commerce and Industry (FICCI) at Hotel Radisson Blu in the capital city.

"There are some 17 crore people in our Bangladesh. Besides, we've strengthened connectivity with our neighbouring countries. We think Bangladesh would become the world's 9th largest consumer market by 2030," the Premier said.

Noting that Bangladesh has a large population, she said the government is developing them as skilled manpower for its better utilization.  

The PM said the number of growing middle-class and rich people will be 3.40 crore by 2025 in Bangladesh, and the estimated GDP per capita will be $5,880 by 2040.

"Due to its strategic geographical location, Bangladesh can be the hub of the regional market of 3 billion people," she said, adding that her government has taken steps to strengthen the connectivity with this region.

The premier unveiled a research book titled 'Catalyzing Greater FDI for Vision 2041', which was published by FICCI.