Bangladesh exports to India reach $1b in H1 FY23

[UKBengali]

Key points:

1. Apparel exports are up 50% and so garment exports are booming and India is allowing free flow of these items.

2. India seems to be putting up unfair barries to jute exports and that has cost BD 300 million US dollars in exports in lH1 2023.

Bangladesh exports to India reach $1b in H1 FY23

Thanks to a strong marketing strategy and increasing business-to-business (B2B) relations, Bangladesh achieved $1 billion in export earnings from the Indian market in the first half of FY2022-23. This came at a time when the global economy is going through a major crisis and record high...

businesspostbd.com

"
Thanks to a strong marketing strategy and increasing business-to-business (B2B) relations, Bangladesh achieved $1 billion in export earnings from the Indian market in the first half of FY2022-23.

This came at a time when the global economy is going through a major crisis and record high inflation due to the ongoing Russia-Ukraine war.


Earnings from the Indian market have been significantly rising since FY2021-22 when exporters started to enter the Asian markets to reduce dependency on the western ones to avoid crises.

According to the Export Promotion Bureau (EPB), the country earned $1.14 billion in the July-December period of FY23, posting 7.31 per cent year-on-year growth. The apparel sector, which produces the leading export items, holds a 48.20 per cent share of the earnings.

The total amount is 9.89 per cent higher than the target and 4.17 per cent of the total export earnings during that period."

 

[bluesky]

Is it only $1 billion in exports to India and not $10 billion by 2030? But, why it is only a peanut of $1 billion? This figure may also be fictitious.

Stop being an Indian when you come with BD and London flags.

BD exports to India in Q1 of FY23 boom

BD could easily hit the 10 billion US dollars of exports to India way before 2030 if this growth rate continues for some more years. https://rmgbd.net/2022/10/q1-of-fy23-apparel-exports-see-a-modest-rise-in-top-destinations/ "From India, Bangladesh bagged $306.39 million in the Q1 of...

defence.pk

 

[mb444]

Key points:

1. Apparel exports are up 50% and so garment exports are booming and India is allowing free flow of these items.

2. India seems to be putting up unfair barries to jute exports and that has cost BD 300 million US dollars in exports in lH1 2023.

Bangladesh exports to India reach $1b in H1 FY23

Thanks to a strong marketing strategy and increasing business-to-business (B2B) relations, Bangladesh achieved $1 billion in export earnings from the Indian market in the first half of FY2022-23. This came at a time when the global economy is going through a major crisis and record high...

businesspostbd.com

"
Thanks to a strong marketing strategy and increasing business-to-business (B2B) relations, Bangladesh achieved $1 billion in export earnings from the Indian market in the first half of FY2022-23.

This came at a time when the global economy is going through a major crisis and record high inflation due to the ongoing Russia-Ukraine war.


Earnings from the Indian market have been significantly rising since FY2021-22 when exporters started to enter the Asian markets to reduce dependency on the western ones to avoid crises.

According to the Export Promotion Bureau (EPB), the country earned $1.14 billion in the July-December period of FY23, posting 7.31 per cent year-on-year growth. The apparel sector, which produces the leading export items, holds a 48.20 per cent share of the earnings.

The total amount is 9.89 per cent higher than the target and 4.17 per cent of the total export earnings during that period."

The trade is unbalanced at over 10:1 in favor of india. Hardly worth starting a new tread over.

With china its worse but they are investing incountry so some of the trade imbalance is somewhat counterbalanced.

India is a big market and we need to engage, however there is a geo-strategic angle that needs to be in the forefront of BD calculation even though this unbalanced trade binds india, makes her dependent on BD trade and reduces its freedom of action.