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The Eighth Five-Year Plan is going to get final approval with the aim of creating jobs for 16 lakh crore 80 thousand people through the management of the Corona epidemic. Of this, 35 lakh of jobs will be created in exile. The remaining 71 lakh 70 thousand will be in the country.
According to the plan, 21 lakh 80 thousand people will be employed in 2021, 22 lakh 30 thousand in 2022, 23 lakh 30 thousand in 2023, 24 lakh 20 thousand in 2024 and 25 lakh 30 thousand in 2025. It will be presented for final approval at the NEC meeting tomorrow Tuesday. In the Seventh Five-Year Plan, the employment target in the last five years (2016-20) was one crore 29 lakh. Of this, a 9 lakh crore is in the country and 20 lakh is foreign. However, the objective was not met. Employment has been created for 60 lakh people in the country and 35 lakh people in exile.
The eighth five-year plan sets a GDP growth target of 7.51 percent. The objective has been set at 7.20% in the first year, 8.22% in the second, 7.29% in the third year, 7.32% in the fourth year and 7.51% on the fifth. The GDP growth target for 2019-20 was 7.20 percent. It was not achieved due to the Corona epidemic. The general inflation target for the current financial year is 5.5 percent. Under the new plan, it will drop to 4.8 percent in 2024-25.
According to the Planning Ministry, loans will be made in the Eighth Five-Year Plan to create opportunities to send workers abroad from backward districts. An inclusive strategy has been adopted to allow all citizens to participate and benefit from the development process and provide assistance to the poor and disadvantaged under the social security program. An important role will be played in the new plan to bring the Bangladeshi economy to Qatar, an upper-middle-income country by 2031.
Selim Raihan, Executive Director of the South Asian Economic Models Network (SANEM), a non-governmental research organization, told Kaler Kantha: “In this situation, job creation is a big challenge. Not just job creation employment, we also need to diversify our exports. On GDP growth, he said, “We have surveyed that many small and medium-sized enterprises have not yet overcome the crisis.” It is necessary to examine more closely how realistic GDP growth of 7.5 % in the current context. Shariful Hasan, director of BRAC’s immigration program, told Kaler Kantha that the plan to send 3.5 million workers abroad in five years was realistic. In addition, the government must guarantee training adequate in all open training centers in all districts and upazila.
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