Agriculture

Agri-business in Bangladesh still remains a largely untapped area for diversification of economic activities. It has not developed properly, considering the country’s prospects in this particular field. The economy is largely dependent on agriculture, though the sector’s share in the country’s gross domestic product (GDP) has steadily been on the decline. This is, however, not entirely unexpected for a developing nation. Yet then, over three-fourths of the total population in Bangladesh live in rural areas. Most of such rural people are directly or indirectly engaged in a wide range of agricultural activities. Agriculture contributes significantly to the country’s GDP. About 57 percent of the country’s labor force is absorbed in the crop sector alone.