Dhaka, Feb. 21 -- Bangladesh is often touted as a successful case of export-led growth among the least developed countries (LDC). Bangladesh has consistently prioritised export diversification, as reflected in its key national policy documents. These strategies focus on identifying potential sectors ripe for diversification and propose strategic interventions designed to bolster and diversify the country's export industries. While the ready-made garment (RMG) industry stands out as an outstanding example of Bangladesh's export prowess, other sectors have lagged, resulting in an export portfolio that remains heavily concentrated in the RMG sector rendering the economy vulnerable to shocks affecting this sector.

CURRENT STATUS OF DIVERSIFI...