Economic Growth In Sri Lanka Essay

INTRODUCTION

Sri Lanka is the home to many languages, cultures, ethnicities. It is an island country on the northern Indian Ocean off the southern coast in India’s subcontinent located in southern Asia. There are many things that contribute to their economic growth and I shall discuss some of them below.

ECONOMIC HISTORY OF SRI LANKA

According to Sri Lanka wonder of Asia, (2014), when explaining Sri Lanka economic growth, it is advisable for the purpose of this essay to look into Sri Lanka’s history from pre-historic time, colonial era and independence. (the world bank, 2013)

PRE-HISTORIC

• A group of people from South India, called Cholas ruled Sri Lanka for 70 years.

• Queen Anula was the first female ruler of Sri Lanka, being an Asian nation. She ruled from (47-42 BC). (2013)

COLONIAL ERA

Many groups Arab and Malay merchants settled on an island and the island was known to the first European explorers of South Asia.

INDEPENDENCE

Pressure for independence in Sri Lanka intensified subsequently at the end of the World War 1 & 2. On February 1948, the country won its independence as the Commonwealth of Ceylon. But it was a story of squandered opportunity and one of the element of the failure was the attempt of the dominant Sinhalese political parties after the

The population of Sri Lanka will increase to its highest in 2031 with a value of 21.9 million people, it used to be 19.7 million people in the year 2006 but there is a possibility that the population will decline unless the rates of immigration increase very well. When that happens, Sri Lanka is going to be one of the places with the oldest populations in the developing world. Large gaps between females and males will remain the same that means the future world is going to be predominantly