It is said that in one's fight the other gets the advantage. Something similar has happened with Bangladesh also. The situation in Bangladesh is very bad at present, after Sheikh Hasina leaving the country and the coup, many businesses in Bangladesh are being affected. Many businesses have almost come to a standstill. But the crisis in Bangladesh is proving to be profitable for India. At the same time, now India will also gain prominence in the world. Let us know how…
Actually, the textile industry of Bangladesh was one of the largest industries in the world, the clothes made here were exported to many countries of the world including India. But now Bangladesh is suffering a lot due to this lamp and India is benefiting. According to government data, after the Bangladesh Crisis, the Indian textile industry has gained momentum and has added Rs 60 thousand crore in 6 months. Due to increasing crisis in Bangladesh, buyers of clothes from all over the world are turning towards India, due to which India's imports have increased.
According to Commerce Ministry data, despite global uncertainties, the country's textile export has increased by 8.5 percent to $ 7.5 billion i.e. Rs 60 thousand crore during April-September in the current financial year 2024-25. According to the data, in September also the export of readymade garments has increased by 17.3 percent to reach 1.11 billion dollars.
Bangladesh's textile business is spread all over the world but amid the crisis, it is also facing huge losses from its textile business. If we look at the past figures, clothes worth 3.5 to 3.8 billion dollars were exported from Bangladesh every month. Clothes were exported from Bangladesh from European Union to UK.
India is directly benefiting from the Bangladesh crisis. If we talk about the last 6 months, India has benefited a lot from the textile industry. Due to the increasing crisis in Bangladesh, businessmen from all over the world are increasing their orders in India. According to experts, in such a situation, India can take advantage of this and also increase its export capacity. At the same time, Indians who have manufacturing units in Bangladesh can also shift their business to India. This will not only increase India's income but will also create employment opportunities in the country.
