Published Paper Details:

The economy of Bangladesh is a major developing market economy. As the second-largest economy in South Asia, Bangladesh's economy is the 37th largest in the world in nominal terms, and 25th largest by purchasing power parity. However the present study has conducted to identify the scenario of the economic condition of Bangladesh and to provide policy recommendations for the improvement of the economy of Bangladesh. The study was documentary analysis type. Information and data were collected from secondary sources. Information and data were collected from books, research reports, journals, different annual reports, different government and non government websites and different websites of different banks. From the result it was found that the Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world. Bangladesh experienced robust growth after the pandemic with macroeconomic stability, improvements in infrastructure, a growing digital economy, and growing trade flows. Tax collection remains very low, with tax revenues accounting for only 7.7% of GDP. Bangladesh's banking sector has a large amount of non-performing loans or loan defaults, which have caused a lot of concern. The private sector makes up 80% of GDP. The Dhaka Stock Exchange and Chittagong Stock Exchange are the two stock markets of the country. Most Bangladeshi businesses are privately owned small and medium-sized enterprises (SME) which make up 90% of all businesses. The amounts of nonperforming loans in different banks are huge. The amount of export is average but the amount of import is more than the export. For this reason the deficits in international trade balance. The amount of flow of foreign remittance is average. But it is a matter of sorrow that huge amount foreign exchange is going other developed countries of the world by illegal ways. The amount of foreign direct investment is also very few. Good governance in bank and financial institutions should be ensured. Accountabilities of the board of directors should be increased. Illegal and unethical interferences in banks and financial institutions should be stopped immediately. Exports should be increased. For this reason the number of goods and services of export items should be increased. Imports should be reduced. For this reason the people of the country should be motivated so that they can use the products of Bangladesh. Strong monitoring and supervisions systems should be developed so that foreign exchange cannot go other developed countries of the world by illegal ways. Foreign direct investment should be increased for this reason the foreign investors should be attracted by providing different facilities, tax exemptions, bureaucratic helps and many other facilities. Electricity and gas crisis is one of the most important obstacles of the economy of Bangladesh. For this reason government of Bangladesh should take immediate initiatives for adequate amount of electricity and gas.