Achieving $110b export target by FY27 is difficult

Economists and businesspeople doubt Bangladesh’s ability to achieve the government’s ambitious target of earning $110 billion from exports by fiscal year 2026-27. Despite the depreciation of the taka benefiting exporters, challenges like global inflation, lack of product diversification, and local crises in gas, power, and banking sectors pose significant hurdles. The government’s Export Policy proposes incentives and financial packages to boost exports, but concerns remain over attaining the goal within the stipulated time. PHOTO:Daily Star