Bangladesh is experiencing a decline in imports of capital machinery, industrial raw materials, and intermediate goods for the second consecutive fiscal year, signaling a slump in private investment and dim prospects for job creation. In FY24, capital machinery imports fell 24% to $2.66 billion, following a 34% drop in the previous year. The decrease is attributed to persistent US dollar shortages and rising import costs. Imports of industrial raw materials also dropped 16% to $21.75 billion, reflecting weakened domestic demand and falling exports. The reduction in these imports indicates a significant decrease in investment in the industrial sector, which could lead to slower economic growth and fewer job opportunities. Analysts stress the need for timely policy adjustments, improved exchange rate management, and efforts to address foreign exchange shortages and potential financial irregularities.
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