Our economy

Photo: Munir Uz Zaman / Driknews

The world's economy seemed to be standing on a quaky turmoil. Our economy, however, needs to be more self-dependent. As the oil prices go low, the cost of raw materials that we import will fall as well. Our wage determination of labour is already low compared to our competitors.
We may also say when the investors will not feel reluctant enough to pour their capital into the service sectors, they might focus on injecting money in infrastructure, or our primary sector that would make our overall economy much stronger with the long run approach. Apart from import, our export market demands might also enhance as our economy is mostly not producing durable goods, like automobiles or high tech electronics. Also we produce goods like garments, with which we can argue that when foreign economies get weaker they would search for textile industries that can produce such goods cheaply.