Foreign direct investment (FDI) is frequently claimed with conviction to have helped host economies thrive. In the context of Bangladesh, this paper is designed to explore the costs and benefits of FDI and analyze if it is a victim to either corruption or a means of sustainable growth for the country as well as this study seeks to go into the valley of economic and political abyss. FDI contributes to the creation of new jobs, the increase of export income, the advancement of technology, the extension of managerial expertise, the improvement of living standards, and the reduction of poverty. The strengths and weaknesses of FDIs are examined in this study, along with recommendations for resolving FDI-related difficulties. Opportunities for Bangladesh include the fact that FDI contributes to GDP growth, but every year a large amount of foreign capital leaves the country due to the shortcomings of our own policies. To achieve its economic development and poverty reduction goals, Bangladesh should be able to attract the largest share of FDIs and to secure the country's balance of payments, the authorities need to take suitable economic policies to stimulate it scientifically. The paper suggests that by eliminating corrupt culture and creating an inclusive, democratic and progressive ideals for all – Bangladesh should be able to take advantage of foreign direct investment to speed up its development process.