Bangladesh’s agriculture sector has been playing an important role in reducing rural unemployment ensuring food security, and contributing to GDP. The 2016-17 Labour Force Survey shows that 52 per cent of the employed population (aged 15 or older) in rural areas are engaged in this sector. Moreover, Bangladesh is nearly self-sufficient in food production. Thus, any policy measure related to the agriculture sector is likely to affect food security, contribution to GDP, and rural employment. Recently the government has increased the prices of diesel and urea. What are the potential impacts of this policy?
Bangladesh’s agriculture sector has been playing an important role in reducing rural unemployment ensuring food security, and contributing to GDP. The 2016-17 Labour Force Survey shows that 52 per cent of the employed population (aged 15 or older) in rural areas are engaged in this sector. Moreover, Bangladesh is nearly self-sufficient in food production. Thus, any policy measure related to the agriculture sector is likely to affect food security, contribution to GDP, and rural employment. Recently the government has increased the prices of diesel and urea. What are the potential impacts of this policy?
