Business Standard

Sri Lanka Crisis: Are Indian states on the same path to economic distress?

The RBI, in a report in June 2022, said that several Indian states are posting worrisome numbers, mainly due to populist measures

economy
Premium

Illustration by Binay Sinha

Raghav Aggarwal New Delhi
Sri Lanka, once one of the most prosperous nations in India's neighbourhood, has been in the news for all the wrong reasons of late. Food and fuel scarcity, skyrocketing inflation, civil unrest and finally, former President Gotabaya Rajapaksa fleeing the country on July 13, the sequence of events brought forth the country's grim economic and political reality. However, are some Indian states taking the same policy decisions that landed the island nation into trouble?

What went wrong with Sri Lanka?

The Sri Lankan government, under the Rajapaksa brothers, Gotabaya and Mahinda, came into power in 2019. To fulfil the election

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 27 2022 | 1:29 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com