Sri Lanka is facing the biggest economic crisis in its history. India is continuously providing help to Sri Lanka, which is facing severe economic crisis. For the second time, India has supplied diesel and petrol to Sri Lanka under a line of credit to tide over the fuel crisis. On Tuesday and Wednesday, 36,000 metric tonnes of petrol and 40,000 metric tonnes of diesel arrived in Sri Lanka from India. India has already shipped 2.70 lakh metric tonnes of oil to Sri Lanka.
India has also announced 1 billion loan to help Sri Lanka deal with the sinking economy. Meanwhile, the Gotabaya government is facing opposition. University professors in Sri Lanka staged a sit-in against the government on Wednesday. In the midst of the deepening economic crisis, the anger of the people against the state government is also increasing. Thousands took to the streets to protest. The protesters say that the government has no money because it has sold everything to China.
There is also a shortage of essential medicines in Sri Lanka. In view of this, India has sent essential medicines to the neighboring country. Dr. Damika, Director, National Eye Hospital Colombo said, “Most of our medicines are coming from India under LOC (Line of Credit), which is a big help for us.”
Sri Lanka’s economy has been on a steady decline since the start of the Corona pandemic. As a result, more than 20 million people are facing food and medicine shortages. This is the country’s biggest economic crisis since 1948. With the economy in decline, the Sri Lankan rupee has depreciated sharply against the dollar and its external debt continues to rise.