India and Sri Lanka are neighbouring countries to each other and are in very near proximity. The Southeast Asian countries are actively participating in a close bilateral trade with each other as among India and Sri Lanka, the latter is in a hugely problematic situation with multiple stressors. Though India has provided assistance to Sri […]
India’s southern neighbour, Sri Lanka is struggling with the worst economic crisis since independence in 1948. The island nation is on the brink of bankruptcy, with nearly USD 7 billion of its total USD 25 billion in foreign debt due for repayment this year. A severe shortage of foreign exchange means the country lacks the […]
Sri Lanka’s economic crisis is taking turns in ways that are pulling down the Sri Lanka economy way more than the authorities might have anticipated. Imports ban on over 360 items by the Sri Lankan government was indeed a significant step taken to safeguard the financial interests of exporters and investors. However, things are turning […]
Sri Lanka’s economic crisis is wreaking havoc with multiple factors pushing pressure on authorities and eventually citizens of Sri Lanka. The Southeast Asian country is also facing troubles with managing the inbound shipments and imports to maintain inventories. Sri Lanka imports grew by 71.63% year-on-year in February 2022, revealed from Sri Lanka import data. It […]
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