2. Introduction
Bangladesh is mainly an agricultural country. As it accounts for around
30% of the country's GDP and employs around 60% of the total labor
force and it is the single largest producing sector of the economy.
Main Agricultural Products of Bangladesh:
Crops,
Livestock,
Fisheries, and
Forests
At present the total cropped land is 1,50,34,071 hectare and there are
1,51,83,183 holding firms in total.
3. Methodology of the Study
Mostly secondary data have been used for this analysis. Data have been
collected from-
Bangladesh Economic Survey,
Bangladesh Bureau of Statistics,
News Portal and Internet web sites,
Books, Newspapers, Magazines and Journals.
4. Objectives of the Study
Main Objectives:
To examine the contribution of agriculture to Bangladesh's economy.
To provide a comparative analysis of the agricultural sector with the
service sector and sectors of industry.
To provide recommendations for agricultural sector development.
Specific Objective:
To determine the current situation of the Bangladesh agricultural
sector.
5. Role of Agricultural Sector in Bangladesh
Economy
Increased the Rate of Employment.
Increase of GDP Rate. In 2020 GDP rate increased by 12.66% by
agriculture.
Contribution in Industrial Development.
Foreign Exchange Earning.
Improvement of Service Sector.
6. Export of Agricultural Products from
Bangladesh
According to the 2019-2020 FY report, the agriculture sector contributes
8.6% in Bangladesh’s annual GDP.
From FY 2019-20, Bangladesh has exported more than $900 million
and the rate of value was 35%, which is one of the biggest successes for
Bangladesh. Bangladesh exports mainly vegetables, betel leaf, tea, dry
food, tobacco, fruit, and foliage products.
7. Prospects of Agricultural Sector
Protection of arable land
Adaptation to climate change
Fertilizer management
Water management
Production of quality seeds
Fair price of products
Return to research investment
8. Challenges of Agricultural Sector of
Bangladesh
Climate change
Acidification of water and soil
Natural hazards
Riverbank erosion
Soil fertility
Government policy
9. Findings
Strengths of agricultural sector of Bangladesh:
Skilled and efficient human resources
Suitable weather
Traditional cultivating process
Collaborating for groups
Weaknesses of agricultural sector of Bangladesh:
Poor contact
Lack of sufficient technology
Loss of awareness
Calamity in nature (Flood, Cyclone, Heavy Raining etc.)
10. Recommendations
More steps should be taken to prevent environmental destruction by
the government.
Government should promote more to grow cash crops, such as: jute
production, which helps us to earn foreign currency.
Government can arrange short-term or long-term loans for risk-taking
farmers.
The Weather Service should ensure the consistency and accessibility
of the weather and report to farmers.