Bangladesh Political Crisis, Due to political crisis and massive violence in Bangladesh, Prime Minister Sheikh Hasina resigned from her post and left the country. After which the atmosphere there has become violent.
Anarchy like situation spread in the country. Protestors are causing vandalism at many places. This environment created in Bangladesh will affect not only the country but also the neighboring countries.
Meanwhile, Bangladesh newspaper Prothom Alo reported that Awami League’s Dhaka district office was set on fire by the agitators. The agitators started the fire around 4 pm on Monday.
The agitators also set on fire Awami League president Sheikh Hasina’s office at 3/A Dhanmondi in Dhaka. Protesters were seen chanting slogans and celebrating the news of Sheikh Hasina’s resignation.
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The protests in Bangladesh, primarily led by students, initially called for abolishing a quota system for government jobs but escalated into a broader uprising against Prime Minister Hasina and her ruling Awami League party. On Sunday, clashes in Dhaka resulted in at least 95 deaths, including 14 police officers, and left hundreds more injured, according to local media outlet Prothom Alo.
Bangladesh has plunged into a political crisis, prompting a swift and decisive intervention by Nobel laureate Dr Muhammad Yunus, who has been named the chief adviser of the interim government. The announcement came from the coordinators of the Anti-Discrimination Student Movement, with Nahid Islam, a key figure in the movement, revealing the news through a video posted on social media. This unexpected development follows a tumultuous period marked by Prime Minister Sheikh Hasina’s sudden resignation and departure from the country.
Impact of coup in Bangladesh on India
Transactions take place on a large scale between Bangladesh and India. India’s business may also be affected due to the ongoing political crisis in the neighboring country (Bangladesh Political Crisis). Many things are imported into India from Bangladesh. These include clothes, jute, jute goods, agricultural products, leather goods, processed foods and fruits and vegetables.
Not only in India but textiles and garments from Bangladesh are demanded in many countries. Due to good quality and competitive pricing, knitwear and ready-made garments from Bangladesh are imported to India on a large scale. That is, due to this political crisis in the neighbouring country, India’s textile market may be affected on a large scale.
India imports many pharmaceutical formulations as well as raw materials from Bangladesh because Bangladesh has also become a major exporter of pharmaceutical and generic medicines.
Similarly, high quality leather is also imported from Bangladesh. From which purses, bags, shoes are also made and these goods are also imported from Bangladesh.
Not only India imports goods from Bangladesh, but many goods are also exported from India to Bangladesh. In the last financial year, 6,052 items were exported from India to Bangladesh. Cotton yarn, grains, petroleum products, cotton clothes are mainly exported from India. There is still a strong trade relationship between the two countries.
Market experts say that in the short term, Indian markets will not be affected by the anarchy in Bangladesh. But if this political crisis continues for a long time, the Indian markets may be affected.
Last financial year, $10.63 billion was exported from India to Bangladesh. Apart from this, if we talk about imports, it was 1.86 billion dollars.