Bangladesh Violence impact in indian prices increase..!?

This violence will affect not only the economy of bangladesh but also the daily expenses of the people of India. The impact is visible in the prices of goods imported from Bangladesh. Burning about India's neighbor Bangladesh. A fire of violence is spreading across the country. Due to this, the condition of bangladesh is getting worse day by day. There is tension and panic. The public is in fear. There is no doubt that the impact of the violence in bangladesh is felt across borders. About 4096.70 km between india and Bangladesh. There is a long international border. There are also cultural heritage similarities between the two countries. There is a large amount of investment and trade relations between the two nations in terms of import and export. In such a situation, the violence in bangladesh is sure to affect india not only politically but also commercially and economically.
Due to increased violence in bangladesh, Sheikh Hasina, who ruled bangladesh for 15 years, had to step down as Prime Minister. She had to flee the country to save her life. Sheikh Hasina escaped from bangladesh and arrived in India. Due to the violence in bangladesh over the reservation issue, there has been a tense situation in some parts of india including the border areas. Lakhs of people are facing a livelihood crisis due to business stagnation amid the worsening situation caused by the outbreak of violence in Bangladesh. The country's exports and imports have been affected. The violence has affected exports and imports worth over Rs 150 crore every day. If this situation continues for a long time, the economic situation of the country may worsen.This violence will affect not only the economy of bangladesh but also the daily expenses of the people of India. The impact is visible in the prices of goods imported from Bangladesh. Exports are sure to suffer if the situation worsens. business has come to a standstill due to violence in Bangladesh. Factories are closed. Manufacturers are struggling to deliver on existing orders. Import-export between india and bangladesh has been affected. Trade has also been severely affected as rail and air services have been shut down, disrupting traffic between the two countries.
Goods are ready in Bangladeshi warehouses but cannot be exported due to violence. The owners fear that if they try to take out the goods from the warehouse, they will suffer losses due to sporadic incidents of arson and violence. Cargo is jammed into containers at Chittagong, Bangladesh's largest port. If this trend continues, the prices of these commodities will start rising in the coming days. bangladesh is famous for producing high-quality readymade garments. Large companies from all over the world manufacture their garments in bangladesh due to the cheap labor force and affordable raw materials available here. Big brands in india also manufacture their garments in bangladesh or source their raw material from there. In this case, the violence will affect their business and the flow of goods from Bangladesh.

India imports textiles, readymade garments, jute, jute products, leather goods, pharmaceuticals, ceramic utensils, agricultural products, fish, vegetables, oil, etc. from Bangladesh. Imports of these products may be affected due to the outbreak of violence in bangladesh, resulting in a rise in the prices of these products in India. india exports 6052 items to Bangladesh. bangladesh alone contributes 12 percent of India's total exports. india exports a wide variety of products including rice, cotton, cotton cloth, wheat, spices, sugar, and fruits. If the violence in bangladesh does not subside in a few days, the prices of many commodities in india may rise. It is noteworthy that the trade between the two countries is about 12.9 billion dollars.

If imports from bangladesh are affected, the demand will exceed the supply of goods. In that case, the price of these can increase drastically. Apart from this, many indian companies have made large investments in Bangladesh. The violence has also increased the concern of those institutions. It is feared that the current situation in bangladesh will affect the projects implemented by these companies there. Due to this investors are facing huge losses and problems. indian companies have invested heavily in bangladesh in sectors such as power, textiles, pharmaceuticals, etc. Companies are starting to worry about their investments due to the unusual situation in Bangladesh.
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Sowmiya Sriram

06/08/2024 06:12 PM