| Introduction: Contextual Introduction Body: Impact of political stability on India and how to ensure continued cooperation despite political changes. Conclusion: Way forward |
In a surprising development, Sheikh Hasina has resigned as the Prime Minister of Bangladesh and left the country. Her departure marks the end of her 15-year tenure and signifies a dramatic shift in Bangladesh’s political landscape.
Impact
- Regional Security: Political stability in Bangladesh has a direct impact on regional security in South Asia. A stable government in Dhaka ensures better cooperation on counter-terrorism, border management, and curbing insurgency activities along the India-Bangladesh border.
- Geopolitical Balance: Bangladesh plays a crucial role in India’s Act East Policy and in counterbalancing China’s growing influence in the region. A stable Bangladesh under a government favorable to India helps maintain a strategic balance.
- Bilateral Trade: Political stability has been instrumental in deepening India-Bangladesh trade relations. A stable regime ensures the implementation of trade agreements, adherence to policies like duty-free quota access under SAFTA, and the smooth functioning of trade routes.
- Investment Climate: Stability in Bangladesh creates a conducive environment for Indian businesses to invest in sectors like textiles, pharmaceuticals, and energy. Political unrest or changes in government could lead to policy reversals, increased regulatory risks, and potential losses for Indian investors.
Ensuring Continued Cooperation Despite Political Changes
- Regional and Multilateral Engagement: India can leverage regional forums like BIMSTEC and SAARC to engage with Bangladesh on broader issues, ensuring that cooperation continues at the multilateral level even during domestic political transitions.
- Implementation of Smart Border Management – It’s essential to create joint task forces that include law enforcement agencies from both countries to effectively tackle cross-border issues such as drug smuggling, human trafficking, and illegal immigration.
- Diplomatic Engagement: India should maintain strong diplomatic ties with all major political entities in Bangladesh. By engaging with multiple stakeholders, India can ensure that bilateral relations remain robust, regardless of who is in power.
- People-to-People Relations: Strengthening cultural and educational exchanges can create a strong foundation for bilateral relations that transcends political changes. Enhanced engagement through tourism, cultural exchanges, and academic partnerships can foster goodwill and understanding between the populations of both countries.
Conclusion
Political stability in Bangladesh is crucial for safeguarding India’s strategic and economic interests. With a multi-faceted approach that includes diplomatic engagement, strengthening institutional frameworks, and fostering economic and cultural ties, India can ensure continued cooperation with Bangladesh, even amid political changes in Dhaka.
