Bangladesh economy is showing signs of resilience

Significance

The pandemic has badly hit the economically important ready-made garments (RMG) sector, but there are signs that textile exports are picking up. The government targets GDP growth of 8.2% in the fiscal year ending June 2021 -- the same as in 2018/19, and a marked recovery from the slowdown in 2019/20.

Impacts

• Economic recovery will boost support for the government, whose dominance of politics remains formidable.
• Garment workers who remain out of work may engage in anti-government protests.
• Supplies of COVID-19 vaccines from India will help consolidate Dhaka-Delhi ties.