Bangladesh in Turmoil: Food crisis, currency falling, violence and more

Bangladesh is currently facing a multifaceted crisis marked by increased violence, economic instability, and a significant outflow of people. Hindu minorities in the country have been subjected to rising attacks, with numerous reports of vandalism at Hindu temples and businesses. This surge in violence has contributed to an atmosphere of fear and insecurity within the Hindu community, particularly in areas where tensions between different religious groups have been escalating. These attacks have occurred amid the country's ongoing political unrest and social tensions.

Economically, Bangladesh is experiencing severe challenges. Inflation has reached alarming levels, with the prices of basic goods such as food, fuel, and daily essentials soaring. The value of the Bangladeshi Taka has sharply depreciated, leading to a significant reduction in purchasing power for citizens. The Bangladesh Taka's rapid decline is exacerbating the financial strain on households. As a result, many people are struggling to meet their daily needs, and businesses are facing difficulties in managing rising operational costs. The country’s economic downturn is compounded by a growing public dissatisfaction with the government's handling of the situation.

In addition to the economic hardship, there has been a noticeable increase in the number of people leaving Bangladesh. Foreign nationals, including Indians, are reported to be departing the country in large numbers. This includes individuals who previously traveled to Bangladesh for tourism or medical treatment but are now returning to India. At the Basirhat Ghojadanga border in North 24 Parganas, which once saw up to 1,200 people crossing daily, the trend of people heading back to India has intensified. The reasons cited for leaving include economic instability, rising inflation, and increasing concerns over safety. Experts predict that the value of the Taka may continue to fall further, with forecasts suggesting that in the near future, 100 Bangladeshi Taka could be worth only 50 to 60 Indian Rupees.