ranil-wickremesinghe Courtesy: VivaLanka
11 January 2024

COP28 and Sri Lanka’s energy goals

At the COP28, Sri Lanka’s President Ranil Wickremesinghe stated the need for $12 billion in FDI for renewable energy sources by 2030 to fulfill the country’s climate commitment. For that funding to yield benefits and translate into long-term growth, Sri Lanka must now work hard to enhance its overall business environment and revisit its foreign investment strategy to focus on renewable energy and manufacturing.

mw website fin Courtesy: The Times of India
20 July 2023

India and Sri Lanka: Hard work ahead

On July 21, Sri Lankan President Ranil Wickremesinghe is set to visit for the first time since taking office. India has already provided $5 billion in economic assistance to Sri Lanka, and is now looking to expand its investment in the nation. Sri Lanka is also seeing interest from Indian private investment. The visit presents an opportunity for the two countries extend this relationship in new areas of cooperation, especially energy, infrastructure, and tourism.

pakistan economy Courtesy: Reuters
24 May 2023

South Asian Currencies in Crisis

India’s South Asian neighbours have all seen sharp currency devaluations since early 2022. These are a result of maintaining artificially strong exchange rates, made possible by remittances from migrant workers. However, by postponing the inevitable devaluations, these states have made their economic crises much worse.

india SL Courtesy: Business World
18 May 2023

India and Sri Lanka Beyond the IMF

The Sri Lankan economy is showing signs of stabilizing after experiencing the worst contraction in its history in 2022. Decisive policies by President Ranil Wickremasinghe, timely Indian aid, and an IMF Programme have laid the groundwork for a return to growth. India and Sri Lanka must now shift from an aid relationship to one which deepens bilateral trade and investment flows.

RW Courtesy: zeenews
21 July 2022

The reforms Sri Lanka needs

Sri Lanka's crippled economy requires immediate and robust reforms. India faced similar adversity when PV Narasimha Rao pulled the country out of the economic crisis in 1991. Will new president Ranil Wickremesinghe follow the example of India's 1991 reforms to save his country and economy?

SL Courtesy: AP
14 July 2022

Awaiting Sri Lanka’s Narasimha Rao

Sri Lanka is experiencing an economic, political and strategic crisis it has never had before. The situation is fragile – but a creative solution and determined national interest can help return the island nation to stability and growth. Amb. Rajiv Bhatia, in conversation with economist Dr Ganeshan Wignaraja on how Sri Lanka came to the current condition, and the remedies to adopt.

bimstec 2 Courtesy: Twitter- BIMSTEC
19 May 2022

Incorporating the Blue Economy into BIMSTEC

The BIMSTEC charter has laid the foundations for a prosperous, peaceful, and sustainable Bay of Bengal region, a goal that can be achieved by greater integration and deeper collaboration. While ensuring continuity with past efforts and strengthening economic cooperation is necessary, it must also realise its potential in newer areas such as the blue economy, which has three interlinked pillars— connectivity, prosperity, and regional stability.

2016 Courtesy: Gateway House
22 December 2016

2016 trends: from forecast to reality

2016 has been marked by unprecedented geopolitical dislocations and dispersals. In January 2016, Gateway House, identified the major emerging global trends. As the year comes to an end, several developments have confirmed these forecasted trends