Rising Bangladesh exports hold lessons for India: Eco Survey

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Rising Bangladesh exports hold lessons for India: Eco Survey

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Synopsis
Bangladesh's share in world exports has increased from 0.1 per cent in 2011 to 0.3 per cent in 2019. The top five export commodities (from labour intensive sectors such as textiles, apparels and footwear) account for more than 90 per cent of the t...

By PTI
Last Updated: Jan 29, 2021, 08:07 PM IST


NEW DELHI: The Economic Survey 2021 on Friday suggested that India can take some "lessons" from Bangladesh, a strong exporting nation, and focus on specialising in products in which it is competitive. It said that Bangladesh seems poised to emerge as a dominant exporter as its outbound shipments posted an impressive compounded annual growth rate (CAGR) of 8.6 per cent during 2011-2019, compared to 0.9 per cent for India and 0.4 per cent for the world.

Bangladesh's share in world exports has increased from 0.1 per cent in 2011 to 0.3 per cent in 2019.

The top five export commodities (from labour intensive sectors such as textiles, apparels and footwear) account for more than 90 per cent of the total exports of Bangladesh since 2015, it said.

In case of India, on the other hand, export performance is more broad-based as the top five export commodities jointly constitute around 40 per cent of total exports and these goods are capital and technology-intensive, it added.

Quoting the data of Bangladesh, the survey stated it "holds lessons for India to build specialization in products in which it is competitive".

According to trade experts, Bangladesh being a least developed country (LDC) enjoys duty concession in several global markets.

These concessions help LDCs in registering healthy growth rates in exports as compared to India in most of the developed economies, Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said.

The total trade between the two countries decreased to USD 9.46 billion in 2019-20 from USD 10.25 billion in 2018-29.

Rising Bangladesh exports hold lessons for India: Eco Survey - The Economic Times

NEW DELHI: The Economic Survey 2021 on Friday suggested that India can take some "lessons" from Bangladesh, a strong exporting nation, and focus on specialising

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‘Bangladesh holds lessons for India on how to build exports’

January 29, 2021

At a time when India is looking to expand its presence in the global markets by increasing the basket of its exports, the Economic Survey has pointed that it has a lot to learn from its neighbour Bangladesh on how to build a competitive edge and scale up its position in the export market.


Bangladesh seems poised to emerge as a dominant exporter as its exports posted an impressive compound annual growth rate (CAGR) of 8.6 per cent during 2011-2019, higher than 0.9 per cent for India, and 0.4 per cent for the world.

The top five export commodities account for more than 90 per cent of total exports of Bangladesh since 2015. These five commodities mainly pertain to textiles & apparel and footwear industry, which are highly labour-intensive and employ unskilled and semi-skilled labour.

In case of India, on the other hand, export performance is more broadbased as the top five export commodities jointly contribute around 40 per cent of total exports.

Bangladesh holds lesson for India on how to build specialisation in products in which it is competitive, the Survey said.

High diversification combined with low specialisation implied that India is spreading its exports thinly over many products and partners, it added.

–IANS

CanIndia News | 'Bangladesh holds lessons for India on how to build exports'

At a time when India is looking to expand its presence in the global markets by increasing the basket of its exports, the Economic Survey has pointed that

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Rising Bangladesh exports hold lessons for India: Eco Survey

Getty Images
Synopsis
Bangladesh's share in world exports has increased from 0.1 per cent in 2011 to 0.3 per cent in 2019. The top five export commodities (from labour intensive sectors such as textiles, apparels and footwear) account for more than 90 per cent of the t...

By PTI
Last Updated: Jan 29, 2021, 08:07 PM IST


NEW DELHI: The Economic Survey 2021 on Friday suggested that India can take some "lessons" from Bangladesh, a strong exporting nation, and focus on specialising in products in which it is competitive. It said that Bangladesh seems poised to emerge as a dominant exporter as its outbound shipments posted an impressive compounded annual growth rate (CAGR) of 8.6 per cent during 2011-2019, compared to 0.9 per cent for India and 0.4 per cent for the world.

Bangladesh's share in world exports has increased from 0.1 per cent in 2011 to 0.3 per cent in 2019.

The top five export commodities (from labour intensive sectors such as textiles, apparels and footwear) account for more than 90 per cent of the total exports of Bangladesh since 2015, it said.

In case of India, on the other hand, export performance is more broad-based as the top five export commodities jointly constitute around 40 per cent of total exports and these goods are capital and technology-intensive, it added.

Quoting the data of Bangladesh, the survey stated it "holds lessons for India to build specialization in products in which it is competitive".

According to trade experts, Bangladesh being a least developed country (LDC) enjoys duty concession in several global markets.

These concessions help LDCs in registering healthy growth rates in exports as compared to India in most of the developed economies, Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said.

The total trade between the two countries decreased to USD 9.46 billion in 2019-20 from USD 10.25 billion in 2018-29.

Rising Bangladesh exports hold lessons for India: Eco Survey - The Economic Times

NEW DELHI: The Economic Survey 2021 on Friday suggested that India can take some "lessons" from Bangladesh, a strong exporting nation, and focus on specialising

www.google.com

Share of world export went up from 0.1% to 0.3% !!!