GDP growth to hit 8.13pc in current fiscal year: Finance Minister

Finance Minister AHM Mustafa Kamal on Tuesday hoped that the country’s GDP growth will reach 8.13 per cent in the ongoing fiscal year (2018-19).

"The GDP growth rate will hit 8.13 per cent at the end of this fiscal year. It’s a provisional estimate," he told reporters after a meeting of National Economic Council (NEC).

The NEC meeting was held at the NEC conference room with Prime Minister Sheikh Hasina in the chair.

In the 2017-'18 fiscal, the GDP growth was 7.86 per cent.

The Finance Minister said the per capita income in the country has now risen to US$ 1909 from US$ 1751.

He said the investment ratio to GDP will stand at 31.57 per cent --8.17 per cent public and 23.40 per cent private investment-- at the end of the current fiscal year, UNB reports.

In the last fiscal year, the investment ratio to GDP was 31.13 per cent.

The Finance Minister said the improvement in key sectors at macro level is behind the high GDP growth rate in the current fiscal year.