Sri Lanka Economic Crisis

Sri Lanka is grappling with its most devastating economic crisis since independence in 1948, brought about by COVID-19 battering the tourism-reliant economy, rising oil prices, populist tax cuts and a ban on the import of chemical…

On account of the economic crisis in Sri Lanka, there has been a dire shortage in supply of food and various other products of basic necessity in the neighbouring country.

Sri Lankan President Gotabaya Rajapaksa has declared a nationwide public emergency late on Friday following violent protests over the worst economic crisis in the Country.