The aim of this study is to explore the causal link between stock market development and economic growth in Bangladesh using annual time series data for the period 2000 to 2013. The stock market development was measured using five variables namely stock Market Turnover, Market Capitalization, IPO, FDI, Remittance and Local investment as indicator of Stock market development indicator. The study utilized advanced econometric techniques of Unit Root Tests, Cointegration test, Granger Causality Tests and Robust regression analysis to explore the relationships. Our findings suggested that there is a long-run relationship between stock market development and economic growth of Bangladesh. The results indicated that stock market development is an important vehicle for economic growth. Engle-Granger-Causality estimation confirmed the bidirectional causality between stock markets development and economic growth in case of Bangladesh in long-run. But in short-run, the causality runs only one way, ie, from stock markets development to economic growth.