‘The crisis has resulted in increased trade costs, delayed shipments, and reduced revenue for Indian exporters and importers’

Afzal Malbarwala, MD, Galaxy Freight, “The ongoing crisis in Bangladesh, including political unrest and economic instability, has significantly impacted India’s EXIM (Export-Import) trade. Exports to Bangladesh, India’s largest trading partner in South Asia, have declined due to reduced demand and disrupted supply chains. Majority of suppliers to various buyers have their factory in Bangladesh and many fabric suppliers also. Additionally, India’s imports from Bangladesh, such as readymade garments and seafood, have also been affected. The crisis has resulted in increased trade costs, delayed shipments, and reduced revenue for Indian exporters and importers. This has had a ripple effect on overall trade balance and economic growth, highlighting the need for a stable and secure trading environment. Many forwarders who have contract with airlines for transshipment cargo via airports in india also suffered.”