Bangladeshi expatriates send money to Bangladesh to invest money in different sectors of businesses. Bangladesh has one of the world’s fastest developing economies. Its economy has been consistently increasing at a rate of more than 6.5 percent on average for the past decade, transforming the country into a land of opportunity. It is currently widely regarded as Asia’s future tiger. The country boasts a remarkable economic track record, a highly adaptable and competitive workforce, and several promising industrial sectors in Asia with a low-cost, high-return manufacturing environment.
Bangladesh is one of the finest investment locations for foreign investors and expatriates who send money to Bangladesh online for investment because of its enormous domestic markets, strategic position, high profitability, demographic dividend, and attractive incentive policies, and continual reforms for a better business climate.
What Are The Expected Growth In The Gross Domestic Product Of Bangladesh In 2021?
Foreign direct investment (FDI) is a type of cross-border investment in which an investor from one country has a long-term stake in and significant influence over a company from another country. The government led by Honorable Prime Minister Sheikh Hasina has constructed a firm basis to support the growth of economic activities in Bangladesh, inspired by the vision of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Bangladesh is on track to diversify its economy and become a developed country by 2041 under her strong leadership.
Bangladesh’s GDP was expected to expand by 5.2 percent in 2020, despite the global pandemic, and 6.8 percent in 2021, according to the Asian Development Bank. Bangladesh has the world’s 29th largest purchasing power parity economy. In addition, online money transfer to Bangladesh during lockdown is increased, which is also good news for the country’s economy.
What Is The Importance Of Skilled Labor In Bangladesh In Developed Countries?
In terms of doing business, Bangladesh offers significantly lower costs in terms of skilled labor, industrial estate rent, and low-cost electricity than other major countries such as China, Bangkok, Vietnam, Indonesia, and India. Moreover, Bangladesh is one of the world’s fastest-growing economies, thanks to a stable macroeconomic climate, a resilient domestic market, and export-oriented industry-led growth. The Bangladesh Investment Development Authority (BIDA), as the primary point of contact for foreign direct investment in Bangladesh, invites private sector investors to visit the country to view, explore, and learn about investment prospects. In addition, Bangladeshi skilled workers’ money transfer to Bangladesh from abroad is a major support to reduce poverty in the country.