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RIPPLE EFFECT ON INDIAN ECONOMY IS THE SRILANKAN ECONOMIC CRISIS

Krishna Gupta Gupta

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Abstract

In April 2023 BBC announced Sri Lankan Top state leader telling the Military "Do whatever is important to reestablish request". The Sri Lankan President Gaotabaya Rajapaksha had escaped the country. Expansion arrived at half and most fundamental products including meds ran out of supply Pakistan our neighbor toward the West is on the verge holding up a rehash of Sri Lanka. Bangladesh faces a similar epidemic of economic collapse. In all of these instances, poor political economy resulted in enormous debts that these nations were unable to service. The gradually expanding influences in India were solid. The primary driver of Sri Lankan emergency was credited to what is usually referred to in India as 'gift culture'. The High Court of India while observing this culture felt that India might be 'going towards monetary calamity'. The Save Bank of India communicated worry on the dubious condition of economies of a few Indian states. The Indian State head cautioned the states against 'rewari culture'- a term he instituted to portray gifts. This paper investigations the effect of Srilankan financial emergency on Indian Economy.

Copyright

Copyright © 2023 Krishna Gupta. This is an open access article distributed under the Creative Commons Attribution License.

Paper Details
Paper ID: IJPREMS30900006036
ISSN: 2321-9653
Publisher: ijprems
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