North News
Chandigarh, August 6
Bangladesh is grappling with its most severe political crisis since its independence in 1971, with Prime Minister Sheikh Hasina resigning amid widespread anti-government protests. As per The Hindustan Times, the situation has prompted concerns about potential economic repercussions, particularly for neighboring India, which is a major trading partner for Bangladesh. However, S&P Global Ratings has indicated that this crisis is unlikely to significantly affect India’s overall trade balance.
According to the news outlet report, India’s diversified export profile and its broader trade relationships are expected to buffer against any significant disruptions. Although exports to Bangladesh have recently decreased from USD 12.21 billion in 2022-23 to USD 11 billion in 2023-24, and imports have also dipped, India’s overall trade position remains robust. India continues to export a wide range of products, including vegetables, coffee, and refined petroleum, while importing goods such as fish, plastic, and apparel from Bangladesh.
