Tag Archives: Least developed countries (LDCs)

The Indian textile industry has sought measures to control garment imports from Bangladesh, which is on the increase, according a report of The Hindu on Saturday.

Export diversification has proven to be a formidable task for Bangladesh. If anything, export concentration—more specifically, dependence on readymade garments (RMG)—has increased further.

Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country bracket, where it has been for 43 years.