Bangladesh faces a significant deficit in research and development (R&D) investments across most industries, according to a Centre for Policy Dialogue (CPD) study. The country’s overall R&D investments were a mere 0.03% of its GDP in 2022-2023, compared to 0.54% in Vietnam, 0.70% in India, and 2.55% in China. The pharmaceuticals and allied industries had the highest R&D spending at Tk 23,735 per worker. In contrast, sectors like textiles and garments only allocated about 2% of their budget to R&D. The CPD study highlights the need for increased R&D investments to enhance competitiveness and innovation, which are essential for sustainable growth and job creation.
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