Impact of Sri Lankan Crisis on Indian Economy, Role of India in Sri Lankan Crisis

Background:

When Sri Lanka emerged from a 26-year long civil war in 2009, post-war gross domestic product (GDP) growth was significantly higher at 8-9% per annum until 2012.

However, its average GDP growth rate nearly halved after 2013 as global commodity prices fell, exports slowed, and imports increased.

Sri Lanka's budget deficit during the war was high and the 2008 global financial crisis drained its foreign exchange reserves, leading the country to borrow US$2.6 billion from the International Monetary Fund (IMF) in 2009.

It again approached the IMF in 2016 for a loan of US$ 1.5 billion, although the IMF's terms worsened Sri Lanka's economic situation.

Building a Tourism Destination: Understanding the Development Strategy of Batticaloa District

Introduction

Batticaloa district, located in the Eastern Province of Sri Lanka, is a hidden gem that is slowly but surely becoming a popular tourism destination. With its picturesque beaches, rich cultural heritage, and diverse wildlife, the district has much to offer visitors. However, for the tourism industry to truly thrive in Batticaloa, it is important to have a clear and well-executed development strategy in place. In this blog post, we will take a closer look at the development strategy of the tourism industry in Batticaloa and understand how it is being implemented to create a sustainable and attractive tourism destination.

In recent years, there have been efforts to change this by implementing a development strategy for the tourism industry in Batticaloa. This strategy focuses on the development of the district's infrastructure, promotion of its cultural and natural attractions, and increasing the participation of the local community in the tourism industry.

The important aspect of the development strategy is the promotion of the district's cultural and natural attractions. This includes the restoration of historic sites, such as the Batticaloa Fort, as well as the development of new tourist attractions such as eco-tourism and adventure tourism. This will help to attract more visitors to the district and will also help to preserve the district's unique cultural heritage.

In addition to infrastructure and attraction development, the development strategy also focuses on increasing the participation of the local community in the tourism industry. This includes training programs for locals to become tour guides, providing opportunities for locals to start small-scale tourism businesses, and promoting community-based tourism. This will not only provide jobs for locals but will also help to promote the district's culture and heritage.