Bangladesh may turn India's 4th largest export destination in FY22

Bangladesh’s growth is primarily as an exporter of garments, which account for around 80 per cent of its exports. Remittances from overseas amount to over 6 per cent of its gross domestic product (GDP).

The major items exported to Bangladesh by India during the April-October 2021 period include cotton ($2.1 billion), cereals ($1.3 billion), electricity and fuel ($0.6 billion), vehicle parts ($0.5 billion) and machinery and mechanical appliances ($0.4 billion), according to a report in a top Indian business daily.

India and Bangladesh are currently undertaking a joint study on the prospects of entering into a bilateral Comprehensive Economic Partnership Agreement (CEPA).

Fibre2Fashion News Desk (DS)