Last Updated on 08/08/2024 by wccexam Desk
Probably no one would have imagined that a Prime Minister who was in power for 15 years would have to flee the country in this manner. On Monday, Sheikh Hasina first resigned from the post of Prime Minister and then left Bangladesh. This is the first time in the history of Bangladesh that a Prime Minister had to leave the country after losing power.
This is surprising because in the elections held in January this year, Sheikh Hasina’s party Awami League had won more than two-thirds of the seats. She was elected Prime Minister for the fourth consecutive time. But within seven months, she had to flee her country.
On Thursday, the interim government will be sworn in in Bangladesh. The head of this government will be Mohammad Yunus. Along with him, 15 other members will also take oath on Thursday. Elections will be held again in Bangladesh in the next few months.
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Currently, Sheikh Hasina is in India. It is being said that in a few days Sheikh Hasina may take refuge in a European country. Anyway, the situation in Bangladesh is likely to affect India as well. Among India’s neighboring countries, Bangladesh was the only country till now where not only there was political stability but also had better relations with India.
How big a blow is this for India?
Sheikh Hasina losing power in Bangladesh is a big setback for India. Bangladesh was formed with the help of India and since then the relations were excellent. Last year, India had invited Bangladesh as a special guest in the G20 Summit. But now Sheikh Hasina not being in power can be difficult for India.
There are only two big faces in Bangladesh politics right now. Sheikh Hasina of Awami League and Khaleda Zia of Bangladesh Nationalist Party (BNP). For three and a half decades, the power in Bangladesh has been sometimes with Khaleda Zia and sometimes with Sheikh Hasina.
But from India’s point of view, it is more beneficial for Sheikh Hasina to be in power in Bangladesh. Sheikh Hasina has been closer to India.
Last month, Sheikh Hasina went on a visit to China, but left the tour midway and returned. As soon as she returned, Sheikh Hasina made an important announcement. She said that both India and China are interested in the Teesta project, but she wants India to complete it.
On the other hand, Khaleda Zia’s BNP is considered to be more inclined towards Islamic fundamentalism. BNP is closer to Pakistan than India. And China benefits from this because Pakistan is its good friend.
What is at stake for India?
Relations between India and Bangladesh have strengthened since Sheikh Hasina became the Prime Minister in 2009. Under Sheikh Hasina’s government, not only were anti-India terrorist groups eliminated in Bangladesh, but economic relations also improved during this period.
There is tremendous trade between India and Bangladesh. The good thing is that Bangladesh is among those countries with which India benefits. Because India used to buy less things from there but sell more.
In 2023-24, India imported goods worth Rs 15,268 crore from Bangladesh. Whereas, goods worth Rs 91,614 crore were exported to Bangladesh. That is, last year, trade between India and Bangladesh was more than Rs 1.06 lakh crore.
In 2024-25, in the two months of April and May itself, trade worth more than Rs 17 thousand crore has been done between the two countries.
Now the current situation in Bangladesh is likely to affect the business. The border has been closed for two days and it is not expected to open again until the situation improves. It is obvious that India’s exports will be affected by this.
What else?
Since 2016, India has helped Bangladesh a lot to develop its infrastructure. India has given Bangladesh a credit line of $8 billion. With its help, railways, roads and ports are being built there. In November last year, two projects – Akhaura-Agartala cross-border rail link and Khulna-Mongla Port rail line were inaugurated.
The Akhaura-Agartala link was the sixth cross-border rail line between the two countries. This rail line was expected to boost tourism and business.
Not only this, India has also invested more than 120 million dollars in Bangladesh.
Apart from this, political and economic instability is also likely to affect Indian companies working there. Until the situation becomes normal, the earnings of these companies may be affected.
Source (PTI) (NDTV) (HINDUSTANTIMES)