Eventually, Sri Lanka came under the complete control of India TOU

Eventually, Sri Lanka came under the complete control of India

Eventually, Sri Lanka came under the complete control of India

Ranil Wickremesinghe has become the new Prime Minister of Sri Lanka following the resignation of former Prime Minister Mahinda Rajapaksa. While Sri Lanka became closer to China during the tenure of former Prime Minister Rajapaksa, due to his positive attitude towards India during Wickremesinghe’s tenure, India-Sri Lanka relations will be even stronger. Wickremesinghe after taking oath Said “I want to build a closer relationship with India.” Pointing to India’s multibillion-dollar aid, Wickremesinghe said, “I want to thank Prime Minister Narendra Modi. Explain that India has pledged more than 3 3 billion in loans, credit lines and credit swaps to help debt-ridden Sri Lanka.

Read more: Relations with Sri Lankan Tamils ​​had been severed since the assassination of Rajiv Gandhi, now PM Modi is fixing it.

Maintain personal relations with India

Ranil Wickremesinghe during his last term as Prime Minister Four occasions Visited India in October 2016, April 2017, November 2017 and October 2018. During the same period, Prime Minister Narendra Modi also paid two visits to Sri Lanka. In his time, there was an agreement between India and Sri Lanka for the construction of Colombo Eastern Terminal, which was postponed during the Rajapaksa’s tenure. Wickremesinghe is positive towards Tamils. Negotiations with LTTE had also started during his previous tenure. Although LTTE no longer exists, the Tamil problem is still important in the relations between Sri Lanka and India.

Wickremesinghe now All-party interim government Has been made the leader of and only the task of rescuing from the economic crisis has been given. They do not have a majority, even if they have the support of other parties. Only when elections are held in Sri Lanka will he be in the race to become the full-time Prime Minister. But the way India is helping Sri Lanka right now and the pro-India leader in the interim government is also the Prime Minister, the work done now will lay a strong foundation for the future.

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Contributions to the economic policies of China and Sri Lanka

Wickremesinghe has become the Prime Minister of Sri Lanka for the 6th time. Of Sri Lanka The current economic crisis The economic policies of China and Sri Lanka. Sri Lanka was already heavily indebted. But even in this adverse economic situation, as soon as Mahinda Rajapaksa came to power, he made the biggest tax cut in the history of Sri Lanka. He had cut taxes for the purpose of doing populist work, which reduced the sources of income of Sri Lanka by excluding millions of people from the scope of tax.

This decision cast doubt on Sri Lanka’s ability to repay its debt, making it difficult for Sri Lanka to raise more debt in the global market. At the same time, the spread of Corona badly affected the tourism industry of Sri Lanka, which is an important sector of the Sri Lankan economy. After this Mahinda Rajapaksa made another big mistake. He decided to start organic farming in Sri Lanka without any preparation and for this he has banned the import of chemical fertilizers. This had a bad effect on the farmers and the prices of food grains started rising.

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Due to the Russia-Ukraine war

Meanwhile, the rise in oil prices has made it more difficult for Sri Lanka to import. Due to this inflation reached 30% and the prices of things started skyrocketing. Now Ranil Wickremesinghe has to get his country out of such difficulties. The first thing Wickremesinghe has to do is control inflation. India’s financial assistance and line of credit loans will help in this. India can send food grains to Sri Lanka. After this they will have to strengthen the domestic industry as soon as possible. For this, the model of India can be adopted.

Development of specialization in Indo-Africa Expertise Development ‘ Is working for Sri Lanka can get similar cooperation. India has entered into agreements with Maldives to increase tourism. As soon as peace is restored in Sri Lanka, India can make similar agreements with Sri Lanka for the development of tourism. For the development of Sri Lankan infrastructure, in the old tenure of Ranila Wickremesinghe, there was an agreement between India and Sri Lanka which was postponed by Mahinda Rajapaksa. India can reinvest in such projects. This will create employment at the local level.

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