Bangladesh’s growth not reflected in capital market: Kaikaus
The country's robust economic growth has not been reflected in the capital market, said Ahmad Kaikaus, the principal secretary of the prime minister.
Whenever a country grows, it is always reflected in the capital market, he said adding that provably Bangladesh is completely exception and growth of the economy is not reflected in the capital market.
"This is really puzzling for me," he said while addressing a virtual session on "Bangladesh Market Insights 2021: Consumption Propelling Growth" organised by HSBC.
Kaikaus said he thinks that foreign direct investment (FDI) is very important, but not the sole mover of the economy.
"Even if you allow all the FDI coming into the country it might not move forward unless you have robust economic support within the country and local investment is equally important," he said.
He said although the economy boomed, the capital market was stalled for a decade. "When you talk about equity, we are falling behind. This is something we need to work on it."