The present condition of Afghanistan has left the whole world terrified about the future of terrorism. A small portion of the condition and the circumstances that the inhabitants of Afghanistan are going through right now have reached us through social media.
The visuals and the news has left us all shaken to the core. While the country has landed in the hands of the Taliban, the bilateral trade relations of the country with India has been hugely suffering.
The two countries have had good trade relations over the years. Here is a list of all the things that India had been Importing from Afghanistan.
Major exports which contributes in the GDP of the country:
Afghanistan is a country where most of the people engage in agriculture, cattle breeding and animal husbandry.
Afghanistan’s traditional export:
Afghan has been one of the major exporters of dried fruits, nut, carpets, wool, karapul pelts and shawls and some of the minor exports include vehicles, products made of petroleum products , sugar, textiles and processed oils of vegetables and oils and tea.
Around 20 percent of the total country’s GDP
Afghanistan’s main income comes from exports and contributes almost 20 percent of its total Gross Domestic Produce.
Main countries who are export partners
Pakistan imports over 48 percent of the total exports from the country.
India accounts for about 19 percent of the country’s exports while Russia and other countries including Iran, Iraq and Turkey.
India and Afghanistan’s bilateral trade
India and Afghanistan’s bilateral trade stood at USD 1.4 billion in the year 2020-21 in comparison to USD 1.52 billion in the year 2019-20.
Major imports from Afghanistan
Afghanistan has been one of the major exporters of dried raisins, walnut, almonds, fig and pine nuts.
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What effects does the country’s present condition have on India?
In the present scenario the imports have been affected and the prices of the items mentioned have gone up regardless of the availability.
There are many investors on both the sides of the country who worry about their money that they had invested on the imports. The invasion of Taliban without any warning has left the trade to be regulated by none overall affecting the market prices of the goods. Anticipating the future of the country, the exporters from both the countries have limited trade in order to be prepared.