The economic situation of Sri Lanka and Pakistan has been going on for the last few months and now Bangladesh is also being forced to follow the same path. Bangladesh, whose economic progress was considered the fastest in South Asia, is now being forced to spread like Pakistan in front of the International Monetary Fund. Chinese Foreign Minister Wang Yi also took an empty round of Dhaka, but at this time Bangladesh is in such a huge debt that 13 thousand crore rupees. He has no arrangement to repay the loan.
Prime Minister Sheikh Hasina asked China to apply butter on the Taiwan issue, saying that it supports the ‘one China policy’ but Wang Yi did not loose his pocket at all. The Hasina government has increased the tax on oil by 50 percent to pay off international debt and buy foreign goods. The prices of everyday items have gone up by at least 10 percent.
The income of the people has decreased considerably. The Corona epidemic has also hit Bangladesh’s foreign trade. The value of Bangla Taka i.e. Rupee has fallen by 20 percent. 16-17 crore people live in this country but the number of tax payers is only 23 lakhs. This year it will decrease even more. Till now it seemed that in the whole of South Asia apart from India, only Bangladesh has been saved from the economic crisis, but now like Sri Lanka, the people have taken up the flag of rebellion.
Apart from Dhaka, thousands of people have taken to the streets in many cities. There is no doubt that the opposition leaders are giving a lot of air to these demonstrations, but the reality is that like Sri Lanka and Pakistan, the Bengali people are expressing their anger on their own. To help Bangladesh, China is also lurking with a close friendship with it, but at this time only India can help Sheikh Hasina properly.
In the last 30 years, Pakistan has taken loans from the International Monetary Fund 12 times, Sri Lanka 6 times and Bangladesh only 3 times. India has never asked him for a loan in these three decades. India has sufficient amount of foreign exchange reserves.
If he wants, he can save Pakistan, Sri Lanka and Bangladesh from chaos. At this time, many Muslim and Buddhist nations, who claim these countries as their family on religious grounds, are also shunning them. If India proves to be their savior in such a critical situation, then India can do the work of weaving 16 nations of the whole of South and Central Asia into one big family.