A move by PM Modi can seriously harm Bangladesh, Dhaka is 94% dependent on India, here's how

• Home

• News
• A move by PM Modi can seriously harm Bangladesh, Dhaka is 94% dependent on India, here's how

Relations between India and Bangladesh deteriorated after the ouster of former Prime Minister Sheikh Hasina and the arrival of a caretaker government led by Nobel laureate Muhammad Yunus in Dhaka.

India-Bangladesh relations: After the fall of Sheikh Hasina's regime in August, Bangladesh chose to take a confrontational stance towards India and began moving more towards New Delhi's rivals Pakistan and China . But the country is now on the brink of economic and social collapse as radical elements appear to be running the show.

Bangladesh, which shares 94 percent of its border with India, is heavily dependent on its larger neighbor, particularly from an economic and security perspective. Bangladesh's 4,367 km-long border makes it dependent on India for security and trade, with New Delhi being Dhaka's largest trading partner.

In 2022-2023, the total trade between India and Bangladesh stood at $16 billion, of which the latter's exports to the former accounted for only around $2 billion, meaning Dhaka has a huge trade deficit with New Delhi. Bangladesh imports key commodities and essential products such as cotton, food grains, sugar, electronics and steel, among others, from India, and stopping the trade would undoubtedly cripple the economy of Dhaka.

Bangladesh's textile industry, which forms the backbone of the country's economy, contributing 11 percent to its GDP, is also dependent on India. India reportedly exports 35 percent of its total cotton production to Bangladesh, and the country's textile industry will be hit hard if these imports are stopped.

According to reports, Bangladesh suffered a loss of Rs 2 lakh crore since the fall of Sheikh Hasina in August, due to which the country's GDP growth rate fell to less than 5 percent, compared to 6.3 for hundred before. Furthermore, a rapid decline in per capita income has been observed and soaring inflation has worsened the situation.

Bangladesh's textile industry is also facing heavy losses and many businesses are on the verge of closure due to deteriorating law and order and increasing violence against minorities, especially Hindus, in the country. Bangladesh's textile industry is the second largest in the world after China, and many major global brands manufacture their clothing in the country.

Notably, it was previously reported that Bangladesh planned to import large quantities of sugar from Pakistan, an obvious affront to New Delhi, as India is one of Bangladesh's largest importers. The caretaker government of Bangladesh, which recently canceled the bandwidth transit agreement with India, was also considering reducing imports of potatoes and onions from India and studying other sources for these commodities, according to reports.

India-Bangladesh relations

Relations between India and Bangladesh deteriorated after the ouster of former Prime Minister Sheikh Hasina and the arrival of a caretaker government led by Nobel laureate Muhammad Yunus in Dhaka.

Bangladesh has witnessed widespread communal violence against minorities, particularly Hindus, which has soured Dhaka's ties with New Delhi, with the latter accusing the Yunus-led caretaker government of not doing enough and turning a blind eye on the atrocities perpetrated by radical Islamist elements against the country's minority Hindu community.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos