This slump is largely attributed to domestic unrest, contractionary monetary and fiscal policies, and a broader climate of uncertainty that has discouraged both foreign and domestic investment.
Sri Lanka’s history of economic instability, marked by multiple currency collapses and inflation crises, has been exacerbated by excessive monetary stimulus and fiscal mismanagement.
A 2017 study by the Bangladesh Occupational Safety, Health, and Environment Foundation found that over one-third of shipbreaking workers surveyed had developed preventable health complications due to asbestos exposure.
A central concern of the report is India's underutilized demographic dividend. Despite having a large working-age population, the country's labor force participation rate stands at a mere 56.4 percent, significantly lower than its peers.
The government has committed to ambitious renewable energy targets – 50 per cent power generation from renewables by 2030 and net-zero emissions by 2070. Coal remains indispensable in the short term. Plans to nearly double coal production by 2030 reflect the urgency to meet rising energy demands.
The situation places Sri Lanka’s Left-of-Centre government in a precarious position as it seeks to balance economic imperatives with human rights concerns.
Indian students now form the largest group of international students in Germany, comprising 12.3 per cent of the international student body – a remarkable 49,000 students in the 2023 winter semester alone. This demographic shift underscores Germany’s growing appeal as an education destination, with institutions offering affordable, high-quality education and pathways to employment.
The eShram portal aims to streamline access to government schemes, skilling opportunities, and social security measures, thus empowering unorganised workers.
One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.
Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.
One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.
Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.