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India is at the threshold of a retail revolution… Bangladesh’s export to India can potentially rise by 300 per cent… Indian retail market, which was worth US $ 641 billion in 2016, is expected to touch an overwhelming US $ 1,576 billion by 2026, growing at a CAGR of 10 per cent… Also the fashion retail market (currently US $ 50 billion) is expected to grow at a promising CAGR of 7.7 per cent to reach US $ 104 billion by 2027… These are not mere ‘suppositions’, but ‘observations’ made by experts and the Former Governor of the Bangladesh Bank, Dr Atiur Rahman.
Bangladesh’s apparel businessmen are the top loan defaulters in the country, says Bangladesh Bank’s Financial Stability Assessment Report. During 2017, credit from the banking sector increased by BDT 1,24,470 crore; the bad loans also increased by BDT 12,132 crore, compared to 2016.
