ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

The Ongoing Crisis in Sri Lanka

Sri Lanka has drawn the world's attention as an island country due to its strategic geographical location in the South Asian region. The ongoing crisis in Sri Lanka is not unidimensional but a multidimensional one brought about by the COVID-19 pandemic, political leadership, unsustainable debt, and energy and foreign exchange crisis.

Before 2019, the Sri Lankan economy was stable and had steady economic growth. However, the tourist-dependent Sri Lankan economy was hit by the COVID-19 pandemic. In 2018, Sri Lanka was the top tourist destination in South Asia. Thousands of tourists used to visit the island nation, with 2.3 million foreign tourists in 2018 alone. Around 13% to 14% of the gross domestic product (GDP) of Sri Lanka was from its tourism industry. Since tourism is one of the Sri Lankan economys major revenue sources, the restrictions on peoples movement, ban on international travel, and lockdowns adversely affected its tourism and the economic sector. Besides the pandemic, the Easter day bombings by eight suicide bombers associated with an Islamist group took the lives of 269 people, including 45 tourists, and hugely contributed to the decline of tourism in the island nation.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


To gain instant access to this article (download).

INR 59

(Readers in India)

$ 6

(Readers outside India)

Published On : 20th Jan, 2024

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.