Bangladesh and India did not feature much in the world economy only two decades ago. However, powerful economic growth paired with steadfast leadership revolutionized the economic situations of these two nations. The spectacular expansion of the Bangladesh economy and India’s global engagement is today considered as a classic example of the “broken chain of economic depreciation.” To continue the journey together, Bangladesh and India have strengthened their economic connection throughout the years. The Bangladesh prime minister’s planned visit to her Indian counterpart is a step toward greater collaboration. Nonetheless, the South Asian economy is not the same as it was 20 years ago, and the leadership of the South Asian economy has shifted dramatically. These two nations trade for more than $10.78 billion in 2021, and commerce between these two countries has increased at an unparalleled rate in the recent decade.
– S. M. Saifee Islam is a Research Associate at the KRF Center for Bangladesh and Global Affairs (CBGA).