May 29 (Reuters) - BHP Group said on Wednesday it had proposed a range of socioeconomic measures to address the concerns of Anglo American over its 38.6 billion pounds ($49.20 billion) offer, and that it believes it needs more time to further engage on its proposal.

($1 = 0.7845 pounds) (Reporting by Sameer Manekar in Bengaluru; Editing by Subhranshu Sahu)