Highlights

  • Trouble in paradise? Sri Lanka caught in a 'debt trap'
  • Economic crisis result of reckless loans from China?
  • Economy battered, Lanka on the brink of bankruptcy?

Latest news

Wasn't enjoying film making process till 'Pathan' shoot began: Shah Rukh Khan

Wasn't enjoying film making process till 'Pathan' shoot began: Shah Rukh Khan

Arrested IAS officer's son allegedly dies by suicide in presence of officers

Arrested IAS officer's son allegedly dies by suicide in presence of officers

US President Joe Biden signs new gun control bill into law

US President Joe Biden signs new gun control bill into law

Maharashtra Deputy Speaker issues disqualification notice to 16 rebel Sena MLAs

Maharashtra Deputy Speaker issues disqualification notice to 16 rebel Sena MLAs

Caught on cam: office of rebel Shiv Sena leader Eknath Shinde's son vandalised

Caught on cam: office of rebel Shiv Sena leader Eknath Shinde's son vandalised

The India Story Episode 1 | Is Sri Lanka's economic crisis a result of China's debt-trap diplomacy?

How can Sri Lanka emerge out of its economic crisis? Is an IMF bailout the only option on the cards?

This week on The India Story, we take a deep dive into the Lankan economic crisis.

Sri Lanka is facing its worst economic crisis since 1948, with no exit strategy in sight. The Covid-19 pandemic crippled an already collapsing economy, paralyzing Sri Lanka’s largest industry, tourism, which contributes more than 10% of its GDP.

Also watch | Sri Lanka crisis: What has happened so far?

Sri Lankan PM Mahinda Rajpaksa, made matters worse by taking on more loans from Beijing. China has investments in over 50 massive infrastructure projects in Lanka, none of which have earned any revenue. Sri Lanka's total external debt stands at $45 billion, while dues to China alone are to the tune of $8 billion.

However, Sri Lanka is not alone. Other south Asian nations like Pakistan, Bangladesh, and Maldives owe huge debts to China too. What lessons should India draw from the Lankan economic crisis? What should India do for its neighbours?

Also watch | Sri Lanka: President Rajapaksa invites all parties to take up ministerial portfolios

Watch Vikram Chandra in conversation with Asanga Abeyagoonasekera, Geopolitical Analyst and Senior Fellow, The Millennium Project, Washington DC; TCA Raghavan, Former High Commissioner to Pakistan and Singapore, and Pronab Sen, Country Director, International Growth Centre and former Chief Statistician of India.

Watch full episodes of The India Story on Editorji. Download the app now! www.editorji.com/download

Up Next

The India Story Episode 1 | Is Sri Lanka's economic crisis a result of China's debt-trap diplomacy?

The India Story Episode 1 | Is Sri Lanka's economic crisis a result of China's debt-trap diplomacy?

The India Story Episode 11 | ‘Revenge travel’: Visa delays spoiling post-Covid tourism party?

The India Story Episode 11 | ‘Revenge travel’: Visa delays spoiling post-Covid tourism party?

The India Story Episode 10 | Gulf backlash: Balancing act required?

The India Story Episode 10 | Gulf backlash: Balancing act required?

Decoded | India invites foreign investment as Davos World Economic Forum reflects global conflict

Decoded | India invites foreign investment as Davos World Economic Forum reflects global conflict

The India Story Episode 8 | Quad vs China: ‘Game on’ in the Indo-Pacific?

The India Story Episode 8 | Quad vs China: ‘Game on’ in the Indo-Pacific?

Decoded | Quad Summit 2022: Can the Quad counter China in the Indo Pacific?

Decoded | Quad Summit 2022: Can the Quad counter China in the Indo Pacific?

More videos

The India Story Episode 7 | Global inflation woes: Can India’s economy emerge victorious?

The India Story Episode 7 | Global inflation woes: Can India’s economy emerge victorious?

Decoded | Sedition law explained: Time for 'colonial baggage' to go?

Decoded | Sedition law explained: Time for 'colonial baggage' to go?

The India Story Episode 6 | Is foreign education viable in a post-Covid world?

The India Story Episode 6 | Is foreign education viable in a post-Covid world?

The India Story Episode 5 | Judicial reforms: Long overdue for swift justice?

The India Story Episode 5 | Judicial reforms: Long overdue for swift justice?

Decoded | FM Nirmala Sitharaman's outreach at Silicon Valley: Be part of India's growth story

Decoded | FM Nirmala Sitharaman's outreach at Silicon Valley: Be part of India's growth story

The India Story Episode 4 | Will Elon Musk be able to solve Twitter's disinformation problem?

The India Story Episode 4 | Will Elon Musk be able to solve Twitter's disinformation problem?

Decoded | Russia-Ukraine war: are we heading towards disinformation dystopia?

Decoded | Russia-Ukraine war: are we heading towards disinformation dystopia?

The India Story Episode 12 | Reversing ‘brain drain’: How can India build world-class Universities?

The India Story Episode 12 | Reversing ‘brain drain’: How can India build world-class Universities?

The India Story Episode 9 | Sidhu Moose Wala killed: Need to counter Indo-Canadian criminal nexus?

The India Story Episode 9 | Sidhu Moose Wala killed: Need to counter Indo-Canadian criminal nexus?

Decoded | The life and death of Sidhu Moose Wala

Decoded | The life and death of Sidhu Moose Wala

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.