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 […]
Tag: Sri Lanka Trade
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 […]