India tops Sri Lanka’s tourism charts 2021
2 years, 11 months ago

India tops Sri Lanka’s tourism charts 2021

The Hindu  

India topped Sri Lanka’s tourist arrivals in December and the entire year, according to data published by the Sri Lanka Tourism Development Authority. For most part of 2020 beginning April, Sri Lanka shut its borders fearing import of COVID-19 cases into the island nation, which was then making global headlines for managing the pandemic well. For December, Sri Lanka recorded 89,506 tourist arrivals, of whom 23,566 or 26.3 % were from India, data showed, signalling that India had regained its spot as the largest source market in its tourism sector. In 2020, 5,07,704 tourists visited Sri Lanka, mostly during the first three months before Sri Lanka reported its first local case of COVID-19 in March 2020.

India Sri Lanka Lanka Sri Tourist Tourists Tourism Charts 2021 Charts 2021 Tourism Charts  lankas  lanka  india  sector  arrivals  tops  tourist  tourists  sri  million  tourism  charts  2021

History of this topic

Budget travel guide: How to visit Sri Lanka in less than ₹1 lakh
2 weeks, 4 days ago

Budget travel guide: How to visit Sri Lanka in less than ₹1 lakh

Hindustan Times  

A tiny teardrop of an island, Sri Lanka is not only a quick getaway from India, it also offers a million options to the travellers - historic towns, tea plantations, beaches, ancient temples and forts, and wildlife reserves. Scale Sigiriya rock fortress: A UNESCO World Heritage site, the ruins of Sigiriya fortress sit atop a 200m-high rock in Central Province; …

Sri Lanka, Australia court Indian tourists with unique campaigns: Key details
4 weeks, 1 day ago

Sri Lanka, Australia court Indian tourists with unique campaigns: Key details

India Today  

Sri Lanka and Australia are taking steps to attract the growing number of Indian tourists travelling abroad. According to a report by the International Trade Administration, Indian tourists are one of the highest spenders per visit abroad, which contributes to the economies of the countries they visit. SRI LANKA'S RAMAYAN TRAIL: Sri Lankan Airlines has introduced a special tour package …

Bullish on India, SriLankan Airlines eyes more tourists with Ramayana Trail package
1 month ago

Bullish on India, SriLankan Airlines eyes more tourists with Ramayana Trail package

Live Mint  

New Delhi, Nov 24 Seeing India as a place that offers "enormous growth" opportunities, SriLankan Airlines aims to increase flights to the country as well as attract more tourists, including with the Ramayana Trail package, according to a top airline official. SriLankan Airlines CEO Richard Nuttall said growth in the number of tourists from India has been stellar this year …

Sri Lanka: The country famed for pristine beaches and ancient temples hoping to rebuild tourism
3 months, 2 weeks ago

Sri Lanka: The country famed for pristine beaches and ancient temples hoping to rebuild tourism

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery A foreigner sits outside the Diary King home-made ice cream shop, in Galle, Sri Lanka August …

Sri Lanka eyes rebound of tourism sector
4 months ago

Sri Lanka eyes rebound of tourism sector

China Daily  

Traditional musicians perform in front of the historic Temple of the Sacred Tooth in Kandy, Sri Lanka, on Monday. ISHARA S. KODIKARA/AFP Sri Lanka's tourism recovery is expected to gain further momentum on the back of a planned new promotional campaign and the nation's diverse attractions, with the sector's rebound aiding the nation's broader economic revival, experts said. Sri Lanka's …

Sri Lanka news: India, 34 other countries get visa free access from October 1, policy to last 6 months. Check details
4 months ago

Sri Lanka news: India, 34 other countries get visa free access from October 1, policy to last 6 months. Check details

Live Mint  

Travellers from as many as 35 countries, including Indians, will be able to enjoy visa-free entry to the island country of Sri Lanka from October this year, PTI reported. As per local reports on August 21, the Sri Lankan government has approved visa-free access to citizens from 35 countries, including India, the United Kingdom, and the United States, for six …

​Back from the brink: The Hindu Editorial on the Sri Lankan elections and the road ahead
4 months ago

​Back from the brink: The Hindu Editorial on the Sri Lankan elections and the road ahead

The Hindu  

Sri Lanka’s ninth presidential election, scheduled for September 21, has attracted a record 39 candidates, signalling a return to “business as usual” despite the severe economic crisis of 2022. At 75, he aims to garner broad support by highlighting the political and economic stability achieved during his two-year tenure, made possible by backing from the Sri Lanka Podujana Peramuna, led …

India saw 92 lakh foreign tourist arrivals in 2023: Economic Survey
5 months ago

India saw 92 lakh foreign tourist arrivals in 2023: Economic Survey

The Hindu  

India saw 92 lakh foreign tourist arrivals in 2023, signifying a positive post-pandemic revival, the Chief Economic Advisor has said in the Economic Survey released on July 22. The Union Tourism Ministry has initiated the Incredible India Tourism Facilitator Certificate Programme to formalise employment within the sector and aims to create a skilled cadre of tourist facilitators nationwide through a …

Sri Lanka recovers after economic crisis, but is it safe to travel there?
5 months, 2 weeks ago

Sri Lanka recovers after economic crisis, but is it safe to travel there?

ABC  

White sand beaches, welcoming locals, wild elephants living in their natural habitats and eight UNESCO World Heritage sites make Sri Lanka a tourist's paradise. While her friends gave positive reviews of their past holidays in Sri Lanka, Australia's official Smart Traveller advisory urged visitors to "exercise a high degree of caution" as the country holds its presidential elections later this …

Island nations bank on waves of Chinese visitors
10 months, 1 week ago

Island nations bank on waves of Chinese visitors

China Daily  

Chinese tourists arrive at Bandaranaike International Airport in Sri Lanka, on March 1. Sri Lanka, the Maldives, Fiji and some Pacific Island nations with either new or long-existing favorable visa policies for Chinese citizens, are hoping to cash in on the big-spending tourists. Stunning beach resorts combined with attractions including ancient ruins and wildlife safaris have lured visitors to Sri …

Island nations bank on waves of Chinese visitors
10 months, 1 week ago

Island nations bank on waves of Chinese visitors

China Daily  

Chinese tourists arrive at Bandaranaike International Airport in Sri Lanka, on March 1. Sri Lanka, the Maldives, Fiji and some Pacific Island nations with either new or long-existing favorable visa policies for Chinese citizens, are hoping to cash in on the big-spending tourists. Stunning beach resorts combined with attractions including ancient ruins and wildlife safaris have lured visitors to Sri …

Foreign tourist arrivals up, still below pre-pandemic levels
1 year ago

Foreign tourist arrivals up, still below pre-pandemic levels

The Hindu  

There has been a significant increase in the number of foreign tourists visiting India in 2023 with 7.24 million footfalls till October 31 this year as compared to 6.44 million for the corresponding period in 2022. In 2018 and 2019, India has seen 10.56 million and 10.93 million foreign tourist arrivals respectively, which dipped to 2.74 million in 2020 and …

Only 85.9 lakh tourists visited India in 2022, way below pre-Covid levels, Union Minister informs Lok Sabha
1 year ago

Only 85.9 lakh tourists visited India in 2022, way below pre-Covid levels, Union Minister informs Lok Sabha

Firstpost  

Foreign tourist arrivals in India are yet to reach the pre-pandemic levels as only 85.9 lakh of them visited the country in 2022 as against 2.88 crore in 2018 and 3.14 crore in 2019, according to government data Foreign tourist arrivals in India are yet to reach the pre-pandemic levels as only 85.9 lakh of them visited the country in …

Sri Lanka is firmly back on the holiday map – here’s why now is the time to return for affordable adventure
1 year, 1 month ago

Sri Lanka is firmly back on the holiday map – here’s why now is the time to return for affordable adventure

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It decimated tourism, one of Sri Lanka’s largest foreign exchange earners and an essential cog in the country’s economy, which …

Sri Lanka approves free tourist visas for visitors from India, six other countries
1 year, 2 months ago

Sri Lanka approves free tourist visas for visitors from India, six other countries

The Hindu  

Sri Lanka on October 24 waived visa fee for Indians and tourists from six other countries, as part of its efforts to boost tourist arrivals and help rebuild the island nation’s battered economy following last year’s financial crash. As part of its decisions this week, the Cabinet announced implementation of a pilot project to issue free tourist visas to tourists …

Indian outbound tourism market to cross $15 billion in 2023, says NIMA chief
1 year, 2 months ago

Indian outbound tourism market to cross $15 billion in 2023, says NIMA chief

The Hindu  

Post Covid, the outbound tourism market has been growing steadily and this growth momentum is expected to continue till about 2032, an industry executive said. “India’s outbound tourism market is surging and set to reach $15.2 billion in 2023, with an anticipated 11.4% CAGR through 2032,” said Gajesh Girdhar, Chairman, Network of Indian MICE Agents at travel show BLTM 2023. …

Sri Lanka plans to attract 2.5 million tourists in 2024
1 year, 2 months ago

Sri Lanka plans to attract 2.5 million tourists in 2024

Deccan Chronicle  

Kolkata: Sri Lanka, which has been on the path of recovery after internal political turmoil, has set a target to attract 2.5 million tourists in 2024 to boost it's economy. Nalin Perera, director general of Sri Lanka Tourism Development Authority shared the details during the island nation's roadshow in the city to promote tourism weeks after West Bengal chief minister …

Sri Lanka Woos Indian Travellers with Weak Currency
1 year, 4 months ago

Sri Lanka Woos Indian Travellers with Weak Currency

Deccan Chronicle  

Sri Lanka is as safe as any tourist place in the world. We were building back and then things stopped a little bit last year with some news of unrest coming out of Sri Lanka about 15 months ago. India is now the number one source of tourists for Sri Lanka. Tourism directly or indirectly supports two million people in …

RGIA is an important hub for us, says Sri Lankan Airlines CEO
1 year, 4 months ago

RGIA is an important hub for us, says Sri Lankan Airlines CEO

Deccan Chronicle  

HYDERABAD: A budget-friendly island-nation, which has a lot to offer by way of breathtaking beaches and mesmerizing tourist spots, especially to Indians, should be on the must-visit destination plans of everyone going on a vacation. Catering to this segment is Sri Lankan Airlines, which has witnessed a massive growth post-Covid. Richard Nuttal, CEO, of Sri Lankan Airlines, during an interaction …

Sri Lanka on path of economic recovery: FM Shehan Semasinghe
1 year, 4 months ago

Sri Lanka on path of economic recovery: FM Shehan Semasinghe

The Hindu  

Shehan Semasinghe, State Minister of Finance Sri Lanka, said the island nation is on a recovery path after the worst economic crisis it faced in 2022, and there are opportunities for investors to take part in its growth story. The Sri Lanka government has embarked on a slew of reforms to tide over the crisis in the last 15 months, …

India says it will continue to support Sri Lanka in overcoming its financial crisis
1 year, 5 months ago

India says it will continue to support Sri Lanka in overcoming its financial crisis

The Hindu  

India has reiterated its willingness to play "a constructive role" in supporting Sri Lanka's efforts for recovery from the worst economic crisis. In May this year, 17 countries that have extended loans to Sri Lanka formed an official creditor committee' co-chaired by India, Japan, and France, to discuss Sri Lanka’s request for debt treatment. Mr. Jacob said India’s financial and …

Sri Lanka counting on Indian tourists to aid economic recovery
1 year, 5 months ago

Sri Lanka counting on Indian tourists to aid economic recovery

The Hindu  

Sri Lanka is counting on tourists from India, its primary source market, to boost foreign exchange earnings and aid economic recovery, as the island expects fewer tourists from Europe amid the ongoing recession. Addressing participants on Thursday, President Ranil Wickremesinghe said tourism would emerge Sri Lanka’s chief foreign exchange earning sector in the next decade. In 2022, when Sri Lanka …

Colombo gears up for the largest Indian tourism conference
1 year, 5 months ago

Colombo gears up for the largest Indian tourism conference

Hindustan Times  

The convention of the Travel Agents Association of India, after an 18-year hiatus, is scheduled to be held in Sri Lanka's capital Colombo from July 6 to 9 with over 700 participants primarily from India, RRM Lilani wrote the report. Sri Lanka Tourism said that India continues to lead among the top ten markets, with the number of Indian tourist …

Chinese tourists get set to enjoy Sri Lanka's attractions
1 year, 10 months ago

Chinese tourists get set to enjoy Sri Lanka's attractions

China Daily  

Sri Lanka is set to receive its first group of post-pandemic Chinese tourists after becoming one of the first 20 countries to resume the organization of outbound group tourists from China since COVID-19. "We are expecting Chinese tourists to come back soon, but their particular interest has been to countries closer to China," Anura Fernando, the consul general of Sri …

Chinese tourists get set to enjoy Sri Lanka's attractions
1 year, 10 months ago

Chinese tourists get set to enjoy Sri Lanka's attractions

China Daily  

Sri Lanka is set to receive its first group of post-pandemic Chinese tourists after becoming one of the first 20 countries to resume the organization of outbound group tourists from China since COVID-19. "We are expecting Chinese tourists to come back soon, but their particular interest has been to countries closer to China," Anura Fernando, the consul general of Sri …

World awaits return of Chinese tourists
1 year, 10 months ago

World awaits return of Chinese tourists

China Daily  

MA XUEJING/CHINA DAILY Before the COVID-19 pandemic, China was the world's most important source of international travelers, and Chinese tourists were the biggest overseas spenders. Several Southeast Asian countries that depend, to a large extent, on tourism have kept entry rules relatively relaxed for Chinese tourists despite the recent COVID-19 outbreaks in China. Thanks to the strong bilateral relations, cultural …

Kerala: Tourism minister reveals most popular places of 2022
1 year, 10 months ago

Kerala: Tourism minister reveals most popular places of 2022

Live Mint  

In recent years, tourism activity has skyrocketed in Kerala. According to Kerala's Tourism Minister PA Muhammad Riyas, 1.88 crore domestic tourists visited the state in 2022. "1.88 crore domestic tourists visited Kerala in 2022. Before the Covid-19 pandemic, the maximum number of domestic tourists who used to visit the state in a year was 1,83,84,233 which has now risen to …

Tourism sector on path of revival, says Economic Survey
1 year, 10 months ago

Tourism sector on path of revival, says Economic Survey

Deccan Chronicle  

PUNE: The Indian tourism sector is showing signs of revival after two years of Covid-induced challenges, the Economic Survey 2023, which was tabled in Parliament on Tuesday by Finance Minister Nirmala Sitharaman, said. It cited the World Tourism Barometer of the United Nations World Tourism Organisation, which said that international tourism showed robust performance in the January-September 2022 period. International …

Explained: India's big role in helping Sri Lanka tide over its worst-ever economic crisis
1 year, 11 months ago

Explained: India's big role in helping Sri Lanka tide over its worst-ever economic crisis

Firstpost  

India emerged as the top bilateral lender to Sri Lanka in 2022 as the island nation declared bankruptcy and defaulted on its $51 billion foreign debt. Let’s have a closer look at how India has been at the centre of providing aid to crisis-hit Sri Lanka despite the island nation’s growing ties with China. China takes a back seat While …

Sri Lanka’s Tourism Industry Revives Despite Public Protests
2 years ago

Sri Lanka’s Tourism Industry Revives Despite Public Protests

The Diplomat  

Sri Lanka’s tourism industry has commenced its recovery after setbacks suffered due to this year’s economic and political crisis, alongside protest campaigns that ousted President Gotabaya Rajapaksa. In March 2022, approximately 106,500 tourists arrived in Sri Lanka, a massive increase in tourist arrivals compared with March 2021, when only 4,581 tourists entered the country. Meanwhile, “Russian tourists have boosted October …

Sri Lanka is far from an economic recovery
2 years ago

Sri Lanka is far from an economic recovery

The Hindu  

Published : Dec 01, 2022 10:35 IST Pathmanaban, 61, rues the day he decided to head home to Trincomalee in Sri Lanka from Tiruchi in Tamil Nadu, in 2018. But I also urge you to consider the fact that a lot of people are in absolute poverty and that they cannot spend enough to get 2,030 kcal a day.” “It …

Trends in tourism amid travel rebound in India, post Covid-19
2 years, 2 months ago

Trends in tourism amid travel rebound in India, post Covid-19

Hindustan Times  

The Covid-19 outbreak caused the global economy to collapse almost immediately and the coronavirus pandemic has presented an unprecedented challenge to the hospitality sector. Over the past two years, disturbances brought on by the spread of Covid-19 have had a substantial impact where many of the tourism properties were vacant due to travel restrictions. Trends in tourism amid travel rebound …

Maharashtra, Tamil Nadu top two destinations for foreign tourists in 2021: Union ministry report
2 years, 2 months ago

Maharashtra, Tamil Nadu top two destinations for foreign tourists in 2021: Union ministry report

Hindustan Times  

The Union Tourism Ministry released a report on Tuesday which revealed that Maharashtra and Tamil Nadu registered the most number of foreign tourist visits with 1.26 million and 1.23 million respectively in 2021. The report also stated the number of foreign tourist arrivals during 2021 decreased to 1.52 million - a nearly 44 per cent decline compared to 2020 - …

Sri Lanka Aims to Get 10 Lakh Tourists This Year, Especially from India, Says Tourism Minister Harin Fernando
2 years, 4 months ago

Sri Lanka Aims to Get 10 Lakh Tourists This Year, Especially from India, Says Tourism Minister Harin Fernando

News 18  

Sri Lanka's Tourism Minister Harin Fernando on Saturday said as things get back to normal after the recent political crisis in the island nation, the government aims to receive at least 10 lakh tourists this year, mostly from India. Fernando, who was in Ahmedabad to promote tourism in the island nation, said religious and cultural tourism between Sri Lanka and …

Sri Lanka to woo greater number of Indian tourists
2 years, 4 months ago

Sri Lanka to woo greater number of Indian tourists

The Hindu  

Sri Lanka’s tourism officials, conscious of the dire need to shore up their country’s economy, plan to woo a greater number of Indian tourists, who constitute the single largest segment of foreign tourists, through new packages such as the Murugan-Shiva Shakthi trails. Referring to the ongoing 25-day-long festival in Nallur, Chalaka Gajabahu, chairman of the Sri Lanka Tourism Promotion Bureau, …

Sri Lanka in crisis: What, why and how?
2 years, 5 months ago

Sri Lanka in crisis: What, why and how?

Al Jazeera  

Unprecedented economic crisis looks to have finally toppled President Gotabaya Rajapaksa as he flees to the Maldives. Sri Lanka’s unprecedented economic crisis looks to have finally toppled President Gotabaya Rajapaksa. The finance ministry says Sri Lanka has only $25m in usable foreign reserves and needs $6bn to stay afloat for six months. Analysts say economic mismanagement by successive governments weakened …

Amid escalating Colombo crisis, India vows it will \'stand with people of Sri Lanka\'
2 years, 5 months ago

Amid escalating Colombo crisis, India vows it will \'stand with people of Sri Lanka\'

Deccan Chronicle  

New Delhi: As Sri Lanka battles an unprecedented economic and political crisis, the Government of India declared on Sunday that it “stands with the people of Sri Lanka” and that it was closely monitoring the evolving situation in the island nation. India stands with the people of Sri Lanka as they seek to realise their aspirations for prosperity and progress …

Sri Lanka protests turn wild: What pushed country into a crippling economic crisis | Explained
2 years, 5 months ago

Sri Lanka protests turn wild: What pushed country into a crippling economic crisis | Explained

India TV News  

Sri Lanka witnessed its biggest protest on Saturday as thousands of citizens took to the streets their agony over the island nation's crippling economic crisis. Quick updates on what's going on in Lanka currently Sri Lankan protesters stormed President Gotabaya Rajapaksa’s residence and nearby office on Saturday. Russia Ukraine war Russia is the second biggest importer of Sri Lankan tea, …

Sri Lanka: The stranded state
2 years, 6 months ago

Sri Lanka: The stranded state

The Hindu  

Published : May 30, 2022 06:00 IST I WAS in Sri Lanka, the island of serendipity, from May 2 to 13. It was an unplanned visit, and the idea was to visit five cities: Pasikuda, a beach town on the eastern coast; Polonnaruwa, an ancient city and the second oldest of Sri Lanka’s erstwhile kingdoms; Sigiriya, the famous rock fortress …

How Sri Lanka spiralled into crisis and what happens next
2 years, 7 months ago

How Sri Lanka spiralled into crisis and what happens next

Al Jazeera  

The South Asian island nation is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis. Analysts say economic mismanagement by successive governments weakened Sri Lanka’s public finances, leaving national expenditure in excess of its income and the production of tradable goods and services at inadequate levels. Rating agencies, concerned about government finances and its inability …

As Sri Lanka’s crisis deepens, India extends more assistance
2 years, 7 months ago

As Sri Lanka’s crisis deepens, India extends more assistance

The Hindu  

May 03, 2022 10:38 pm | Updated May 04, 2022 07:43 am IST Sri Lanka’s Cabinet has cleared a proposal to source more fuel from India, through a $200 million short-term loan facility from the Exim Bank of India, as the island nation struggles to cope with a deepening economic crisis. India has extended nearly $3 billion to cash-strapped Sri …

Worldview with Suhasini Haidar | How can India help Sri Lanka?
2 years, 8 months ago

Worldview with Suhasini Haidar | How can India help Sri Lanka?

The Hindu  

Scenes from Colombo just outside the President’s House stunned all last week- as protesters vented their anger over the economic situation they blame the Rajapaksa government- led by President Gotabaya and his brother Prime Minister Mahinda Rajapkasa for. But after that going forward, they don’t have a plan and I believe there is a desire from the Sri Lankan government …

Sri Lanka Economic Crisis Updates: Prez Appoints 3-member Fiscal Advisory Group; India Says 'We Stand Ready to Continue to Help'
2 years, 8 months ago

Sri Lanka Economic Crisis Updates: Prez Appoints 3-member Fiscal Advisory Group; India Says 'We Stand Ready to Continue to Help'

News 18  

Sri Lanka Economic Crisis Updates: As Sri Lanka facing a severe economic crisis that triggered a political upheaval, India on Thursday said it stands ready to continue assisting the island nation to recover from the difficulties in line with its ‘Neighbourhood First’ policy. Sri Lanka witnessed massive street protests in the last few days view of the economic crisis and …

Infographic: Sri Lanka’s economic crisis and political turmoil
2 years, 8 months ago

Infographic: Sri Lanka’s economic crisis and political turmoil

Al Jazeera  

The tourism-reliant island nation faces one of its worst financial and political crises. Rising food prices Sri Lanka’s food inflation in March was 30.2 percent, which means the average price of food cost 30 percent more compared to the year before, a record high. In March, Sri Lanka’s inflation rate climbed to 18.7 percent, up from 15.1 percent in February …

FAQ: Is It Safe to Travel to Sri Lanka Amid Economic Crisis? Experts Explain
2 years, 8 months ago

FAQ: Is It Safe to Travel to Sri Lanka Amid Economic Crisis? Experts Explain

The Quint  

It is not advisable to travel to Sri Lanka for pleasure, said at least three travel agents who spoke to The Quint, adding that the security situation in the country is not conducive for tourism at the moment. Uncertainty of Local Vendors Neelam Kumar, from Madras Travels and Tours, said that while they plan multiple trips to Sri Lanka during …

Sri Lanka’s all-powerful Rajapaksas under fire
2 years, 8 months ago

Sri Lanka’s all-powerful Rajapaksas under fire

The Hindu  

Anger is boiling over in Sri Lanka at the country’s worst economic crisis since independence in 1948, much of it directed at the island nation’s all-powerful Rajapaksa family. During his rule Sri Lanka also moved closer to China, borrowing almost $7 billion for infrastructure projects — many of which turned into white elephants mired in corruption. ‘The Terminator’ President Gotabaya …

Tourism in Sri Lanka: One step forward, two steps back
2 years, 8 months ago

Tourism in Sri Lanka: One step forward, two steps back

Al Jazeera  

Colombo, Sri Lanka – Tourism in Sri Lanka just can’t seem to catch a break. “We need to find solutions for these people as soon as possible,” President Gotabaya Rajapaksa said in his national address on Sri Lanka’s independence day earlier in February. “As such, whilst strictly adhering to health recommendations, we have acted to restart the tourism industry in …

Refugee crisis brews for India as Sri Lanka witnesses worst economic meltdown
2 years, 9 months ago

Refugee crisis brews for India as Sri Lanka witnesses worst economic meltdown

India TV News  

Highlights Sri Lankan economy facing worst crisis in over 70 years The island nation is witnessing scarcity of fuel amid skyrocketing prices Experts say reckless borrowings from China prime reason behind the crisis Sri Lanka economic crisis: As Sri Lanka grapples with its worst economic crisis in decades, India may be staring towards yet another refugee influx from the island …

Sri Lanka on 'Brink of Economic Collapse' as War in Ukraine Deals Low Blow to Covid-Hit Coffers
2 years, 9 months ago

Sri Lanka on 'Brink of Economic Collapse' as War in Ukraine Deals Low Blow to Covid-Hit Coffers

News 18  

he Sri Lankan crisis is getting worse. Once booming, the Sri Lankan tourism sector, which has seen its worst days since 2019 because of Easter Bombings and Covid-19 lockdowns, has now become collateral damage of the war in faraway Europe. Sri Lanka, which is facing the worst economic crisis in its modern history, recently lifted most of the restrictions on …

Sri Lanka inflation hits record high as crisis worsens
2 years, 10 months ago

Sri Lanka inflation hits record high as crisis worsens

The Hindu  

Sri Lanka’s inflation hit a record high for the fourth consecutive month, official data showed on Tuesday as an economic crisis driven by a crippling foreign exchange shortage worsens. The National Consumer Price Index rose 16.8% in January from a year earlier, the fourth consecutive record rise and more than double October’s figure of 8.3%. The Ministry said the main …

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