Expanding service sectors for better growth rate.

Abstract

The article titled "Expanding Service Sectors for Better Growth Rate" by M. Azizur Rahman published in The Daily 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.