Sri Lanka: The Great Economic Recession

Sri Lankan protesters storm PM Ranil Wickremesinghe 's office, demanding he resign [Rafiq Maqbool/AP]

Sri Lanka is witnessing the worst economic crisis in history. Varying hypotheses exist as to what brought this calamity over Sri Lanka. Internal economic policies coupled with systemic factors pushed Sri Lanka into a debt pile it does not seem to be coming out of.

The Rising COVID-19 Crisis in South Asia

While Nepal, Maldives and other South Asian states were not reported up to the mark owing to the deadly surge of COVID-19. The world reported devastation in India caused by COVID-19. However, along with India, other South Asian countries are also suffering from this pandemic. UNICEF’s report can help in understanding the current situation of […]

China Assists Sri Lanka in Transforming Colombo City Port into a Financial Hub

Srilanka, under China’s assistance, is working towards making the port city Colombo a financial hub. The port city of Colombo, a special economic zone is an extension of the belt and road initiative (BRI). This financial hub is will compete with India’s GIFT City on technical and operative grounds. Gujarat International Finance Tec-City (GIFT City) […]

Sri Lanka and India Pledge to Improve Bilateral Economic Ties

India seems eager to revise its economic terms with Srilanka. India’s envoy to Colombo, Gol Baglay, identified potential sectors of economic cooperation for both countries. The sectors include infrastructure, connectivity, IT, agriculture, manufacturing, pharmaceutical, tourism, and education. Deepening Economic Collaboration between India and Srilanka On Tuesday, a virtual event titled “Deepening Economic Collaboration between India […]