📈 Sri Lanka to Leverage India’s Growth Amid Global Trade Shifts

Indian Acting High Commissioner Dr. Satyanjal Pandey emphasizes that Sri Lanka can anchor its economic recovery by aligning with India’s rapid expansion and $ 4 trillion economy, especially as global trade faces protectionism. • Strategic Opportunities Beyond traditional sectors like apparel and tourism, new growth avenues include: • Ports & Logistics: Utilizing Colombo Port’s world-class efficiency to ease India's infrastructure bottlenecks and boost transshipment revenue. • Renewable Energy: Tapping into regional energy needs for diversification. • Integrated Supply Chains: Deepening connectivity to buffer against external global shocks. • Economic Resilience • Trade Partner: India remains Sri Lanka’s 2nd largest trading partner and a top investor. • Investment Stability: Indian capital, committed even during the 2022 crisis, offers a long-term alternative to volatile global market logic. • Policy Alignment: India’s trade deals (e.g., UAE, Australia) mirror Sri Lanka’s needs to protect agriculture and SMEs while pursuing growth. • National Context Shifting the narrative from "geopolitical security" to "geoeconomic potential" allows Sri Lanka to utilize its maritime location to secure debt sustainability and economic agency in a contested global market.