sri lanka crisis Archives

Sri Lanka Crisis: Lesson India Could Learn From Its Neighbor

Pooja YadavMay 14, 20220

If the primary lesson from Sri Lanka is about how politics can affect the economy, the second is about how flawed policy can affect an economy’s prospects. The country first came into the world’s reckoning within the 1950s when its policy was lauded for welfare programmes that included subsidized rice. Distributism seems to possess run sooner than what may well be guaranteed from domestic sources. It would function smart advice not just for the three Sri Lankan economists now tasked to require their country out of the crisis but also to the political class of India. As India’s economy has been growing many states including India have stepped up their welfare spending. Some have distributed bicycles for ladies et al television sets to families. While no variety of welfare needs

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How Scaling Up The ORGANIC FARMING Led To The Financial Disaster In SRI LANKA??

Sonia SolankiApril 11, 20220

organic farming may sound like a solid idea regarding an environment-friendly solution in the food and health industry. But this same thing led to a huge disaster in the economy of Sri Lanka says the experts. Organic farming is so much in vogue these days as the environmentalists are backing the idea of food free of chemicals and fertilizers. But the reality is that it's now impossible to switch to Organic farming in a go. As we clearly see the most recent example of Sri Lanka which followed this policy. Today, Sri Lanka is facing its worst crisis ever in terms of economic, social, and political matters. Lessons To Be Learned From Lanka's Failure : According to Ted Nordhans, organic farming is a practical approach when we talk about agriculture activities with respect to climate a...

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How China Pushed Sri Lanka Into A Debt Trap, How India Can Help ?

Pooja YadavApril 11, 20220

Indian diplomacy must be more proactive when it involves Sri Lanka. China could leverage its position within the current depression. Sri Lanka’s depression is an emergent phenomenon and has been stewing for an extended time. What's strange about it's the dearth of basic planning and foresight by the Rajapaksa government to own gauged its enormity in time and initiate necessary corrective measures. The Rajapaksas themselves were also, in a way, involved in the making of this crisis. The Covid-19 pandemic affected the Democratic Socialist Republic of Sri Lanka badly. Countries closed borders and therefore the movement of individuals came to a standstill. Demand for exports, especially for the products the Democratic Socialist Republic of Sri Lanka sold, also fell. Even remittanc...