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Bangladesh-India bilateral trade was over US$10 billion in 2018–19. [50] [51] Bilateral trade between India and Bangladesh stood at US$6.6 billion in 2013–14 with India's exports at US$6.1 billion and imports from Bangladesh at US$462 million, representing more than double the value of US$2.7 billion five years ago. [52]
To commemorate his role in refugee rehabilitation work, a market was established and named after him. It is one of Bangladesh's main tourist spots. In 2023 Bangladesh evacuated over 50,000 people to safe shelters as Cyclone Mocha approached. [8] During the protest of 2024, around 10,000 tourists were stuck at Cox's Bazar.
Bangladesh's world ranking in 2012 for travel and tourism's direct contribution to GDP, as a percentage of GDP, was 142 out of 176. [4] In 2019, 323,000 tourists visited Bangladesh. This number is extremely low relative to the total population. As of 22 May 2019, the entire local population numbers 166,594,000 inhabitants.
Tourism in India is 4.6% of the country's gross domestic product (GDP). Unlike other sectors, tourism is not a priority sector for the Government of India.The World Travel and Tourism Council calculated that tourism generated ₹ 13.2 lakh crore (US$150 billion) or 5.8% of India's GDP and supported 32.1 million jobs in 2021.
In 1972, Sunil Dutt launched a campaign to promote India as a popular tourist destination. [4] The phrase "Incredible India" was adopted as a slogan by the ministry. Before 2002, the Government of India had regularly formulated policies and prepared pamphlets and brochures for the promotion of tourism, however, it had not supported tourism in a concerted fashion.
See Bangladesh–India relations, Bangladeshis in India and Indians in Bangladesh. Both countries established diplomatic relations on 6 December 1971. [12] [13] Generally, relations are usually friendly; however, government to government contacts are sometimes poor because of border disputes and river disputes. [197]
Tourism in India is economically significant and projected to continue a pattern of growth. [1] In 2016, the World Travel & Tourism Council calculated that tourism generated ₹ 14.02 lakh crore (US$160 billion) or 9.6% of the nation's GDP and supported 40.343 million jobs, 9.3% of its total employment.
Bangladesh has a labor force of 71.4 million, [170] which is the world's seventh-largest; with an unemployment rate of 5.1% as of 2023. [171] Its foreign exchange reserves, although depleting, [172] remain the second-highest in South Asia, after India. Bangladesh's large diaspora contributed roughly $27 billion in remittances in 2024. [173]