Top 10 Leaders in Bangladesh – 2022

In comprehension to its large population and low labour cost, Bangladesh is becoming a destination of choice for companies wanting to do business in Asia. Poised at the central of triangle formed by the world’s most dynamic economies China, India and Southeast Asia, becoming a home to a growing domestic market and a young, cost-effective workforce, Bangladesh offers vast opportunities.

Having remained largely dependent on agriculture with nearly half the population employed in this sector in the early 21st century, today the business and services sector has been flooding the economy there. According to Trading Economics global macro models and analysts expectations, the GDP in Bangladesh is expected to reach $400 billion by the end of 2022. In the long-term, the Bangladesh GDP is projected to trend around $430.00 Billion in 2023, according to our econometric models. While according to the World Bank's latest Global Economic Prospects report, the GDP growth rate will go up to 6.7 percent for the fiscal year 2023 boosted by increase in investment and remittance income for the country.

Supported by a demographic dividend, strong ready-made garment (RMG) exports, remittances, e-Commerce, IT companies (specialized in branding, UX design, web design, web development, social media marketing, mobile apps), Biotech, and stable macroeconomic conditions, it has been among the fastest growing economies in the world over the past decade. The country made a strong economic recovery from the COVID-19 pandemic. In Bangladesh, a rebound of manufacturing and service sector activities led strong growth in 2021 and in the first half of 2022. In the medium term, GDP growth is expected to remain strong. Driven by a rise in both food and non-food prices, the headline inflation rose to 6.2 percent in February 2022. Further, with many businesses and corporate sectors swamping the workforce area in Bangladesh, there are many adept leaders having proven their dexterous skills in the business and corporate world today.

In this issue of CEO Insights, we bring you a list of ‘Top 10 Leaders in Bangladesh – 2022’ who have leveraged their extensive industry expertise and experience for the growth and profit of the respective organizations in which they have served. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.