Sri Lanka Positions for Growth Linked to India’s Economic Ascent 📈

• Context: The CEO of Cinnamon Hotels & Resorts, Hishan Singhawansa, highlights that Sri Lanka’s prosperity is directly correlated with India's status as the world’s fastest-growing economy. • Economic Drivers: India’s projected GDP growth of nearly 7.2% and the recent US-India trade agreement are identified as primary catalysts for regional stability and expansion. • Tourism & Hospitality: • Sri Lanka currently records ~2 million arrivals; the low base offers significant YoY growth potential. • Indian outbound travel is projected to rise from 20 million to 50 million within 5-6 years. • Growth is fueled by the expanding Indian middle class and rising disposable incomes. • Strategic Outlook: Dubbed "India’s Decade," Sri Lanka aims to leverage its proximity to capture a larger share of the massive Indian market despite global geopolitical complexities.