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Macroeconomic Analysis of Sri Lanka

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Macroeconomic Analysis of Sri Lanka
SRI LANKA
Macroeconomics analysis

Section C
Group 4
Akhil Jain – 2C
Anuj Agarwal – 6C
Pranav Arora – 30C
Shraddha Jha – 45C
Vaibhav Srivastava -53C
Vinit Patil – 55C

INDEX
1.

Overview

2.

Macroeconomic Performance Indicators

3.

Macroeconomic Challenge 1

4.

Recommended solution to Macroeconomic challenge 1

5.

Macroeconomic Challenge 2

6.

Recommended solution to Macroeconomic challenge 2

7.

Macroeconomic Challenge 3

8.

Recommended solution to Macroeconomic challenge 3

9.

References

1. Overview
The following analysis presents an overview of Sri Lanka based on the political, economic and social perspectives.
A. Political
Structure
Sri Lanka is a democratic socialist republic country that is governed by a system which is a mixture of both presidential system and parliamentary system. The president of Sri Lanka is the head of the state, head of the government and head of the multi-party system. It has the following system:
Executive Power – It is exercised by the government
Legislative Power – It is vested in both the government and the parliament.
Judicial Power – It is independent of the government and the parliament.
Historical Perspective
Politically, Sri Lanka has been dominated by two parties – Sri Lanka Freedom Party (SLFP) and the United National
Party (UNP). The SLFP is a socialist party whereas the UNP is conservative in its outlook and philosophy.
Sri Lankan polity has been historically chequered by the friction between two ethnic groups – Sinhals and Tamils.
These two parties reflect the struggles between the two ethnicities.
Present Situation
Presently, Mahindra Rajapaksa, the President, of the SLFP is more than halfway through his six year term. He is credited with defeating the rebels, Liberation Tigers of Tamil Eelam (LTTE) in 2009 to end a civil war that lasted for 26 years.
Forecast for the short term future
The current government was elected in 2010 and it enjoys


References: Historical perspective and major event (2001 currency crisis) Sri Lanka began the process of liberalization and economic reform in 1977
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