S&P Global Ratings stated that the recent political crisis in Bangladesh, marked by Prime Minister Sheikh Hasina’s resignation and the installation of an interim government, is unlikely to significantly affect India’s overall trade position. Although India’s exports to Bangladesh dropped to $11 billion in 2023-24 from $12.21 billion in 2022-23, India’s diversified export base and strong global trade profile will likely buffer any minor disruptions. S&P noted that India’s substantial global trade network ensures that issues with Bangladesh won’t meaningfully alter its fiscal year trade outlook.
