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Indian Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena. The Economic and Technology Co-operation Agreement (ETCA) is a proposed diplomatic arrangement that seeks to add to the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, primarily in relation to trade-in services and the service sector; it seeks to emulate a proto freedom ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [42] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [43]
Countries by real GDP growth rate in 2023 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
The Sri Lankan economic crisis[8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
This is an accepted version of this page This is the latest accepted revision, reviewed on 12 September 2024. World map representing Human Development Index categories (based on 2022 data, published in 2024) Very high (≥ 0.800) High (0.700–0.799) Medium (0.550–0.699) Low (≤ 0.549) Data unavailable World map of countries or territories by Human Development Index scores in increments of ...
28 July – The Sri Lanka women's cricket team becomes the Asia Cup champions for the first time after beating India in the final. [89] 29 July – Colombo Port is ranked as the world’s fastest-growing port in the first quarter of 2024 with a 23.6% growth rate according to Alphaliner, a research publication in the shipping industry. [90]
[citation needed] India and Sri Lanka share a maritime border. India is the only neighbour of Sri Lanka, separated by the Palk Strait; both states occupy a strategic position in South Asia and have sought to build a common security umbrella in the Indian Ocean. [1] Both India and Sri Lanka are republics that are members of the Commonwealth of ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2 ] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of ...