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'B'deshi crisis doesn't have much impact on India trade'
The New Indian Express
|September 18, 2024
THE recent developments in Bangladesh that have led to the creation of new junta-led government haven't had any significant impact on India's trade so far and going forward, the effect will vary based on industry/ sector-specific nuances and exposure, according to India Inc.
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A prolonged disruption can affect revenue profiles and working capital cycles of which have Bangladesh either as a demand centre or a production hub, they said. The movement of the Bangladeshi currency taka will be weighing on trade. India's trade with Bangladesh is relatively low, accounting for 2.5% of its total exports and 0.3% of its imports last fiscal. Merchandise exports; mainly comprise cotton and cotton yarn, petroleum products, electric energy etc, while imports consist of vegetable fat oils, marine products and apparel.
This story is from the September 18, 2024 edition of The New Indian Express.
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