Saturday, June 21, 2025

Adverse fallout on Bangladesh's economy and commerce as under Yunus the Dhaka-New Delhi relations nosedived !! ::::: Tripura has to reboot its policy

Persistent inflation, coupled with weak demand in major export markets, can further strain the Bangladeshi economy. 


Adverse fallout on economy and commerce as under Yunus the Dhaka-New Delhi relations nosedived.   


For Bangladesh, the pressures include challenges to its export-oriented economy, especially in the garment sector, and potential financial sector vulnerabilities











The ready-made garments industry was a major driver of growth for Bangladesh. 



Pressure is growing on Bangladesh’s economy, with the World Bank projecting GDP growth in FY25 dropping to 3.3 per cent—the lowest in two decades.


Shortages in fuel supply relative to demand and limited bank financing are bringing uncertainty to the industrial sector. 







According to experts, north eastern states especially Assam and Tripura have benefited in the past when India's relations with Bangladesh were very cordial. 


Educationist  Ashish Nath of Tripura University says it would have been wise to keep cordial relations between two countries. Adequate steps ought to be taken to position Tripura as an effective Gateway for trade and commerce. But things often do not go the manner people may want. 


India's new import rules (in 2025) sharply limit Bangladesh's access through Northeast land ports, forcing key goods onto restricted sea routes. The move comes after Bangladesh imposed similar restrictions on Indian goods. 


Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI), said Bangladesh’s restrictive trade policies are not only straining bilateral ties, but also undermining its own economic interests.  


India’s decision has affected over $770 million worth of imports, roughly about 42% of all goods shipped from Bangladesh. Ready-made garments alone made up $660 million last year. Those will now only be allowed through Kolkata and Nhava Sheva ports, effectively shutting land routes via the Northeast. 


Prof Nath says -- "Facilitating trade and investment relations with Bangladesh -- with whom Tripura shares a vast border, would certainly accelerate the economic growth". 


He further adds that when the going was good -- "People from Tripura as well as Bangladesh never considered things as pure commerce. There have been lot of emotion and brotherhood. The unaccounted support received by Bangladesh Mukti Vahni from Tripura was unique". 


Hence this school of  thought laments that the potentials were not used and this was only 'detrimental' to people  from both sides. They point out that Tripura is surrounded by Bangladesh from three sides covering as high as 84 per cent of total border areas. 

  





Tripura has eight districts and all of them are connected to Bangladesh sharing common boundaries. This vital fact may not be known in Delhi -- the hub of Neta-babu raj.
While distance between Kolkata and Agartala is over 350 km; there are many Bangladeshi towns and cities which are much closer.

** Agartala-Dhaka -- 150 km

Sabroom-Chittagong - 75 km

Sonamura-Comilla -- 25 km and 

Kailashahar-Syhet -- 90 km  



Another key element that ought to be understood is the fact that --
 products consisting cows/bulls, India made foreign liquor, drugs, Ganja and opium account for 70 per cent of total volume of informal trade.  

"Of course in trade and commerce, we can do much better," says businessman Uttam Das.  I grilled Prof Ashish Nath on the 'way forward' or a renewed roadmap and he says: 




"The human capital in Tripura is abundant. Therefore the Govt of Tripura should at the earliest identify and promote knowledge-based  industries".  



ends 

No comments:

Post a Comment

Three LeT terrorists responsible for Pahalgam strike identified ::::: Two caught for harbouring 'Pahalgam attackers'

 Two caught for harbouring Pahalgam attackers, three LeT terrorists identified In a major breakthrough in the Pahalgam terror attack case, t...