Dhaka: Bangladesh is navigating through a period of political uncertainty, with the current government attempting to downplay the 15-year rule of former Prime Minister Sheikh Hasina. The move, seen as an effort to erase the past and its significant achievements, has plunged the country into a state of turmoil that threatens to lead to anarchy and economic decline.

Sheikh Hasina, who led Bangladesh from 2008 to 2024, is credited with steering the country through a period of unprecedented economic growth and development. Under her leadership, Bangladesh's gross domestic product (GDP) expanded from $54 billion in 1991 to $416 billion by 2021, marking a remarkable transformation. This growth was reflected in improved living conditions, a significant reduction in child labor, and increased per capita income.

Hasina's tenure was marked by her decisive efforts to strengthen relations with India, a move that played a crucial role in Bangladesh's economic success. In 2010, India extended a $1 billion credit line to Bangladesh, the largest financial support the country had ever received. This collaboration led to a series of infrastructure projects, including the Rampal power station and the landmark Padma Bridge, which have been vital in propelling Bangladesh's growth.

India also played a significant role in boosting Bangladesh's ready-made garments (RMG) sector, one of the country's key industries. Between 2010 and 2023, Bangladesh's exports to India surged, with RMG exports growing substantially. Despite challenges like the COVID-19 pandemic and rising geopolitical tensions, India remained a reliable partner, providing essential supplies and vaccines to Bangladesh.

However, the current government's attempts to distance itself from Hasina's legacy are raising concerns about the future of these crucial ties. Bangladesh is increasingly at risk of losing its energy lifeline, as India currently supplies 15-20% of the country's electricity. With Dhaka already overdue on payments to Indian suppliers, a further deterioration in relations could have severe repercussions for the economy.

The ongoing political strife in Bangladesh threatens to undo years of progress and could trap the country in a cycle of unrest and underdevelopment. As the nation grapples with this crisis, the future of its economy and international relationships hangs in the balance. The decisions made in the coming months will be critical in determining whether Bangladesh can sustain its growth or fall into a period of prolonged instability.