Downfall of the Sri Lankan Economy
Author: Kanishk Surana
DPS RK Puram, Delhi, India
Abstract
The report seeks to find out the reasons for the Sri Lankan Economic Crisis and determine who is to blame for this crisis- the government or any foreign entity. The Sri Lankan economic crisis is a culmination of various factors. This crisis is the best example of how mismanagement has the power to halt a country’s economy and bring it to a stage where recovery is far-fetched. The situation is a result of years of bad policies combined with unforeseen circumstances such as the COVID-19 pandemic which heavily impacted the tourism-dependent economy of Sri Lanka. This crisis can be the point of study for its neighbour whose economies are in a dire state and can face the same fate as Sri Lanka’s.