Dhaka, June 1 -- Bangladesh has targeted an ambitious 7.5% GDP growth in FY24 despite the uncertainties of the global economy and various challenges.

Finance Minister AHM Mustafa Kamal tabled a national budget worth Tk 7.61 trillion, the biggest in the country's history, in parliament for FY24 on Thursday.

The minister explained in his budget speech why he is expecting higher growth this time despite the economic pressures.

"On the whole, we expect to return to a higher growth trajectory and achieve a 7.5 per cent GDP growth in the coming fiscal year, by way of investing in the productive sectors and stimulating productivity and domestic demand," he said.

"To achieve the growth target, we will gradually come out of the contractionary ...