Facing New Economic Challenges in South Asia and Bangladesh-India Cooperation

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With a GDP of $2.94 trillion, India’s economy is the world’s fifth-largest. India’s trade with South Asia has been stable at around 1.7% to 3.8% of its total trade. Having such a giant economy in the region, and sharing one of the largest land boundaries, it is a must for Bangladesh to address the economic prospects of India. For India, Bangladesh is also quite significant since India’s transit, security, trade and other economic factors are dependent on Bangladesh for the formidable 4096 km land border. Bangladesh and India must work bilaterally to make the region stronger which also complements the individual gains of the states of the region.