Saturday, January 24, 2026

பங்களாதேஷ் வளர்ச்சியில் இந்தியாவின் பங்கு

 A lot of the progress of Bangladesh was thanks to favourable policies and generosity of India

We set up, funded and run the textile industry We allowed transshipment and ensured flow of capital goods and raw materials We ran much of the medical system We ensured the supply chain moved We ensured capital flowed to the country Investors priced Bangladesh as operating under India’s strategic umbrella Border stability + naval dominance in the Bay of Bengal reduced insurance, freight, and war-risk premiums This lowered real interest rates and FDI risk perception for Bangladesh without it paying for deterrence itself. Now, the situation is very different. Bangladesh’s export success was not just cheap labour, but cheap, reliable inputs. - Cotton yarn, fabric, dyes, chemicals sourced from India at scale - Faster turnaround than importing from China or Africa - Reduced working capital cycles for exporters A huge amount of Bangladesh’s human capital stack was indirectly trained in India. - Doctors, nurses, engineers, textile technicians trained in Indian institutions - Indian hospitals functioned as the tertiary-care backstop for Bangladesh - Indian professionals helped set up curriculum, standards, and institutions of all kinds Bangladesh leapfrogged decades of trial-and-error in institution building by borrowing India’s mature ecosystem. Also, India’s large domestic market allowed Bangladesh to specialise narrowly. - Bangladesh focused on garments instead of building full manufacturing depth - India absorbed upstream volatility (cotton prices, energy, logistics shocks) - Bangladesh could stay export-oriented without balancing domestic demand There is one more overlooked point. India consistently acted as Bangladesh’s informal advocate. - WTO negotiations - Climate finance discussions - LDC transition accommodations - Trade facilitation narratives India’s credibility and negotiating weight created policy space Bangladesh alone could not command. It is one thing to have all these working in your favour, and a very different situation when the same ecosystem turns against you. And our policies are not working against Bangladesh, but merely starting to stop special assistance. Yet. I fully expect the Bangladesh army to do another coup as soon as they realise USA has no appetite to replace India as their new benefactor. But India may never fully trust them again.

No comments:

Post a Comment