Digital Economy of Bangladesh

The digital economy of Bangladesh is a rapidly emerging sector that is transforming the way the country does business. Bangladesh is a developing country with a population of over 160 million people, and is one of the fastest-growing economies in the world. In recent years, the government of Bangladesh has invested significantly in the digital economy to create jobs, increase access to services, and promote economic growth. In the past decade, the digital economy of Bangladesh has grown substantially. This is largely due to the government’s focus on creating a more digital-friendly environment and promoting the growth of digital services and products. The government has implemented various initiatives, such as the setting up of the Bangladesh Digital Economy Corporation (BDEC), to facilitate the growth of the digital economy. Additionally, the government has also provided various tax incentives and subsidies to encourage businesses to invest in the digital economy. 

The growth of the digital economy in Bangladesh has been rapid. The country has seen a surge in the number of digital startups, with the number of such businesses increasing from just a few in 2009 to over 500 in 2018. This rapid growth is due to the country’s low cost of doing business, as well as the availability of local talent and resources that can be used to develop digital products and services. The government of Bangladesh is also focusing on developing the infrastructure necessary for the digital economy to thrive. This includes investments in improving internet access, particularly in rural areas. Additionally, the government has also implemented various initiatives to improve the mobile infrastructure in the country. This includes initiatives such as a universal mobile access policy that has enabled mobile operators to offer services in different parts of the country. The growth of the digital economy in Bangladesh has also been driven by the increasing number of online businesses. This includes e-commerce businesses, online marketplaces, online payment platforms, and other digital services. These businesses have helped to create jobs and generate income for the country. Additionally, the growth of the digital economy has also led to the development of new products and services, such as banking and financial services, that have improved the lives of many in Bangladesh. The growth of the digital economy in Bangladesh has also been driven by the increasing number of foreign investments. Foreign investors have been attracted to the country due to its low cost of doing business, as well as the availability of resources and talent. This has helped to create jobs and generate income for the country. 

Additionally, foreign investments have also enabled the country to access new technologies and services, which has further boosted the digital economy. The future of the digital economy of Bangladesh looks bright. The government is continuing to invest in the sector, and there are a number of initiatives underway to improve the infrastructure and promote the growth of digital services. Additionally, the number of online businesses is expected to continue to grow, providing more opportunities for the country’s citizens. With the right policies and investments in place, the digital economy of Bangladesh has great potential to contribute to the country’s economic growth.