Expanding service sectors for better growth rate
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Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
The New Nation
Abstract
The article titled "Expanding Service Sectors for Better Growth Rate" by M. Azizur Rahman published in The New Nation on December 8, 2012, explores the pivotal role of the service sector in accelerating Bangladesh's economic growth. It highlights the sector's increasing contribution to GDP, noting its expansion to approximately 54% by the fiscal year 2020–21 . The piece underscores the sector's potential in job creation, particularly in areas such as wholesale and retail trade, transport, and food services, which have seen significant employment growth . The article advocates for strategic investments and policy reforms to further develop the service sector, emphasizing its capacity to enhance economic resilience and reduce dependency on traditional industries.
Description
Keywords
Service sector, economic growth, Bangladesh economy, employment generation, GDP contribution, policy reform, wholesale trade, retail trade, transport services, economic resilience., Service sector development, information technology, financial services, education, healthcare, infrastructure investment, human capital development, regulatory reform., M. Azizur Rahman
Citation
M. Azizur Rahman. (2012, December 8). Expanding service sectors for better growth rate. The New Nation.