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Consider the following statements regarding the implications of political instability in Bangladesh on its trade relations and relations with India:
1. The resignation of Sheikh Hasina as Prime Minister of Bangladesh has led to significant disruptions in the country's textile industry, affecting its export revenue.
2. India could potentially increase its monthly business by USD 300-400 million by capturing a portion of the displaced orders from Bangladesh's textile exports.
3. The political upheaval in Bangladesh has no impact on the bilateral trade agreements under the South Asian Free Trade Area (SAFTA) agreement between India and Bangladesh.
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the implications of polit...
1. Statement 1 is correct: The resignation of Sheikh Hasina has indeed led to significant disruptions in Bangladesh's textile industry. This industry is crucial for the country's export revenue, contributing to 7.9% of the global clothing trade and employing over four million workers. The ongoing protests and unrest have caused supply chain breakdowns, affecting production schedules and the movement of consignments.
2. Statement 2 is correct: Due to the disruptions in Bangladesh's textile industry, international buyers are reconsidering their supply sources. If India captures a portion of the displaced orders, it could see an increase of USD 300-400 million in monthly business by redirecting 10-11% of Bangladesh's textile exports to Indian hubs like Tiruppur.
3. Statement 3 is incorrect: The political upheaval in Bangladesh could potentially impact the bilateral trade agreements under the South Asian Free Trade Area (SAFTA) agreement. Sheikh Hasina's administration had provided duty-free access on most tariff lines under SAFTA, and her departure could jeopardize these trade benefits and affect the overall trade dynamics between the two countries.
Thus, the correct option is Option B.
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Consider the following statements regarding the implications of political instability in Bangladesh on its trade relations and relations with India:1. The resignation of Sheikh Hasina as Prime Minister of Bangladesh has led to significant disruptions in the country's textile industry, affecting its export revenue.2. India could potentially increase its monthly business by USD 300-400 million by capturing a portion of the displaced orders from Bangladesh's textile exports.3. The political upheaval in Bangladesh has no impact on the bilateral trade agreements under the South Asian Free Trade Area (SAFTA) agreement between India and Bangladesh.a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding the implications of political instability in Bangladesh on its trade relations and relations with India:1. The resignation of Sheikh Hasina as Prime Minister of Bangladesh has led to significant disruptions in the country's textile industry, affecting its export revenue.2. India could potentially increase its monthly business by USD 300-400 million by capturing a portion of the displaced orders from Bangladesh's textile exports.3. The political upheaval in Bangladesh has no impact on the bilateral trade agreements under the South Asian Free Trade Area (SAFTA) agreement between India and Bangladesh.a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the implications of political instability in Bangladesh on its trade relations and relations with India:1. The resignation of Sheikh Hasina as Prime Minister of Bangladesh has led to significant disruptions in the country's textile industry, affecting its export revenue.2. India could potentially increase its monthly business by USD 300-400 million by capturing a portion of the displaced orders from Bangladesh's textile exports.3. The political upheaval in Bangladesh has no impact on the bilateral trade agreements under the South Asian Free Trade Area (SAFTA) agreement between India and Bangladesh.a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the implications of political instability in Bangladesh on its trade relations and relations with India:1. The resignation of Sheikh Hasina as Prime Minister of Bangladesh has led to significant disruptions in the country's textile industry, affecting its export revenue.2. India could potentially increase its monthly business by USD 300-400 million by capturing a portion of the displaced orders from Bangladesh's textile exports.3. The political upheaval in Bangladesh has no impact on the bilateral trade agreements under the South Asian Free Trade Area (SAFTA) agreement between India and Bangladesh.a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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