ECONOMIC CRISIS IN SRI LANKA’S: BATTLING FOR SURVIVAL AND SUISTANABLE ECONOMIC GROWTH

ECONOMIC CRISIS IN SRI LANKA’S: BATTLING FOR SURVIVAL AND SUISTANABLE ECONOMIC GROWTH

Registration ID: IJNRD_189772

Published ID: IJNRD2303415

DOI: Click Here to Get

Dr. Chitra Prabhat

economic, crisis, commodities, Inflation, decline

The purpose of my research is, to describe how Sri Lanka’s Economic crisis will affect and bring challenges for Indian economy. Why Sri Lanka’s economic crisis is occurred. Described what impact being created due to economic crisis in Sri-lanka and also recommend some measures in order to come out from this crisis. Sri Lanka was one of the South Asian nations which have better living conditions and economic stability compared to other South Asian nations. But now Sri Lanka is facing the worst ever economic crisis in the year 2022. Sri Lanka is experiencing a severe economic crisis as a result of the country's depletion of foreign reserves, which has resulted in shortages of food, fuel, medication, cement, and other necessary products with electricity blackouts. As a consequence of Sri Lanka’s economic crisis is a fast putting citizen in hardship. The Sri Lankan government is optimistic that the crisis would be addressed shortly. Even though the circumstances on the ground and analyses of the government's policy measures imply that Sri Lankans would not receive economic respite anytime soon, global geopolitical-economic trends, particularly in the aftermath of the Russia–Ukraine war. In Sri Lanka, public resistance to the government's handling of the matter is steadily growing. India, being the nearest neighbour has offered 1billionto help the island nation for buying necessary commodities. The role of China in the affairs of Sri Lanka will be a trouble for India in the future. India depends mainly on Colombo port for trade purposes at present, the economic crisis should be tackled carefully by India because it will affect the economy, India.

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"ECONOMIC CRISIS IN SRI LANKA’S: BATTLING FOR SURVIVAL AND SUISTANABLE ECONOMIC GROWTH ", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 3, page no.e116-e120, March-2023, Available :https://ijnrd.org/papers/IJNRD2303415.pdf

Volume 8 Issue 3, March-2023

Pages : e116-e120

Paper Reg. ID: IJNRD_189772

Published Paper Id: IJNRD2303415

Downloads: 000121246

Research Area: Arts

Country: Katni, M.P., India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2303415.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2303415

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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