How Russia plans to secure its place in Bangladesh’s rising economy
Last year Bangladesh achieved its highest growth in the last 8 years securing a 7.05 per cent GDP growth rate which is also a substantial increase from the 6.55 per cent growth rate registered in 2014-15. In the current financial year, the government is aiming for 7.4 per cent, while the target for 2020 is 8 per cent. Despite rising security concerns and internal disruptions, the Sheikh Hasina-led government of Bangladesh, has been strongly focusing on economic growth and development by further opening up the country's economy to foreign investors, easing the process of doing business, promoting exports and developing the country's infrastructure. Bangladesh's closer neighbours like South Korea, Japan, India and China have recently increased their presence in the country joining the UK, U.S. and others that have been investing in the country for a long time, especially in the textile, banking and telecom sectors. Till recently, Russia's presence in modern Banglade