Sri Lanka is an island nation in South Asia, surrounded by the Indian Ocean, Bay of Bengal, and the Gulf of Mannar. It is divided into 9 provinces and 25 districts, with Sri Jayewardenepura-Kotte as the capital city and Colombo being the largest city. Sri Lanka could be a developing economy primarily based mostly on agriculture, services, and lightweight business. Sri Lanka is known as both the ‘pearl of the Indian Ocean’ and the ‘teardrop of India’ due to its shape. The official languages of Sri Lanka are Sinhala and Tamil, and the currency is the Sri Lankan rupee (LKR).
Cash crops—namely tea, rubber, and coconuts—are largely grown on plantations. Rice is the principal food crop. Chief manufactures like textiles, ceramics, crude merchandise, vegetable oils, fertilizers, and cement.
Sri lankan Tourism, banking, finance, and retail trade are the major components of the service sector. The service sector is that the largest of the land economy, using forty-five of the men and conducive roughly sixty of value. Srilanka tour package is surely helping the countries economy.
Here is an equatorial climate with a high average rainfall. The land is fertile and appropriate for growing a range of crops, and the common fraction of the land is tillable. The major source of electricity in Sri Lanka is rivers, which generate hydropower. The country also has rich fishing resources. Sri Lanka’s mineral resources include titanium, ore, graphite, kaolin, and gemstones.
Exports and Imports
Foreign trade is a very important section of the Sri Lankan economy. Major imports of country embrace crude oil, consumables, machinery and capital instrumentality, cars, and numerous factory-made product and therefore the exports embrace clothes, tea, rubber, coconut product, foodstuffs, gems, and jewelry. Sri Lankan is that the largest businessperson of tea leaf within the world and therefore the third largest producer of natural rubber. The Asian country is that the second largest businessperson followed by Singapore, South Korea, Taiwan, the UK, and therefore the US.
Sri Lanka could be an economic system of a personal sector and therefore the state sector United Nations agency interact within the production method. Foreign investments area unit inspired and a number of other free zones are established. The country’s banking industry is well developed, in order that each foreign and native bank operates within the economy. The state is committed to a free market ideology and has one amongst the foremost liberal foreign trade regimes within the world. Manufacturing was Associate in nursing insignificant activity within the economy. Banking and commerce were, for the foremost half, solely accustomed to supporting plantation agriculture. Nearly all exchange earnings were derived from the plantations. The country relied on imports for a nearly common fraction of its food necessities and most of its factory-made product.
Throughout the primary era, development policy is centered on achieving the objectives of equity and economic process. The welfare programs achieved important enhancements within the space of human development, together with lower mortality rates, augmented lifespan, and high attainment rates. However, high welfare expenditures restrained the nation’s capital growth and skill to take a position, deceleration economic process and inflicting high state and low wages. The achievements of the import substitution policies were even less noticeable, except within the production of rice and subsidiary food crops.
Over ninety-two of individuals living within the country square measure literate, which implies that they boast the best acquirement, rate within the whole of South Asia. There are twenty universities in the country.
Adam’s Peak is the most sacred mountain in the country. Buddist’s believe that it is the footprint of Buddha when he visited Sri Lanka. Tamil Hindus believe it is the footprint of Lord Shiva. Christians and Muslims in Sri Lanka believe that this was the footprint of, Adam as he was exiled from Eden.
Crime and Safety
The good news is that Sri Lanka is a remarkably safe place to travel. Petty theft is less common than in many other parts of Asia. Pickpockets generally add thronged areas, whereas thefts from edifice rooms’ often rumored.
If you do have anything stolen, you will need to report it to the police – there is little chance that they will be able to recover it for you, but you will need a report for your insurance claim.
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