Dhaka,(Barta24.com): There is a positive trend in most indicators of our economy. However, the government has taken multifarious initiatives to gear up the over all economy and also to make negative indicators into positive. A number of reports have been sent from the central bank to the finance ministry that contains the latest information and data of our economy.
Analyzing the reports of the central bank it was observed that among the basic indicators the export earnings have increased, inflation is going down, import cost has decreased, foreign direct investment (FDI) has increased, positive growth in industrial loan, poverty has reduced and per capita income has increased. To the contrary in banking sector the internal credit flow has decreased, dull in deposit mobilization, in the government sector the credit flow has increased while in private sector it has decreased. Again, in rural non- institutional sector and agriculture credit are low. On the other hand, the flow of foreign remittance and foreign aid have decreased.
It is learnt from the reports that, in first six months of the last fiscal year (2017-18) the flow of money in the market had increased 3.15 percent while in current fiscal (2018-19)it has increased 4.02 percent. In the last fiscal the credit flow in government sector decreased 16.75 percent but in current fiscal the flow it has increased 4.24 percent. In private sector in the last fiscal the credit flow had increased 9.71 percent while in current fiscal it has increased 6.20 percent.
Former adviser to care taker government and economic analyst Dr. AB Mirza Azizul Islam speaking on present economic condition told Bata24.com that the present economy in the country is running as usual and if it runs in this way then there will be no big stride in our economy. Now the time is very rest less because of stagnancy in investment, infrastructural weaknesses and unavailability of bank credit.
He said that every year the GDP is increasing but the assets earned through it are not being equally distributed. That is prompting the discrimination in the society. Now we should give attention to increase our income in order to remove the discrimination. A big chunk of economic activities belongs to private sectors. So if the private sector is activated then the economic speed and employment opportunities increased. So the credit flow in this sector should be maximized.
Speaking on the matter former governor of the central bank Dr. Salehuddin Ahmed told Barta24.com that liquidity crisis is prevailing in the banks as the loan has exceeded the deposit, so the mad rush of loan must be stopped. The banks should give attention to recover the loan and face the crisis by reducing the expenditure.