Bangladesh's rebellion against India will cost it dearly!
Bangladesh's rebellion against india will cost it dearly! After the overthrow of Sheikh Hasina in August, bangladesh started opposing india fiercely and started getting closer to Pakistan-China. However, it is ignoring the fact that it is dependent on india for various necessities and distancing itself could be disastrous for its economy.India is Bangladesh's second largest trading partner in Asia and is dependent on it for various necessities like rice, wheat, onion, garlic, sugar, cotton, grains, refined petroleum, electronics, plastic and steel. The total bilateral trade between india and bangladesh in 2022-23 was $16 billion, of which Bangladesh's exports were around $2 billion.The textile industry will be crippled by this move ofIndiaTalking about Bangladesh's textile industry, it is the backbone of the country's economy and contributes 11 percent to its gross domestic product (GDP). Ironically, the country's textile industry is also heavily dependent on india, which exports 35 percent of its total cotton production to Bangladesh. If these imports are stopped, Bangladesh's textile industry will be disabled, which will have an adverse effect on Bangladesh's GDP, inflation will become uncontrollable and unemployment will increase rapidly, causing the country's economy to collapse.Bangladesh suffered so much lossIndia.com quoted different media reports as saying that bangladesh has suffered a loss of Rs 2 lakh crore since Sheikh Hasina's ouster from power, due to which the country's GDP growth rate has come down from 6.3 percent to less than 5 percent. Apart from this, per capita income has also seen a rapid decline and rising inflation has worsened the situation. bangladesh is also dependent on india from a security point of view. The two countries share a 4,367 km long data-border and apart from trade, india has given bangladesh $ 8 billion in aid in the last 8 years.