The Island nation, a tourist paradise, is set on the path to regain its past glow and glory as a preferred tourist destination, that would tremendously aid in its recovery.

The country is expected to touch 6% GDP growth this fiscal. But inflation at nearly 23% is a worrisome factor for the economic planners. While the trade deficit is coming down steadily, unemployment is going up at 5.2% presently. Among the major economic activities of the country are tourism, agriculture, and industry.

Tea, coconut, rubber, etc., are among the major agricultural produce. The country exports, tea, coconuts, apparel, rubber goods, fish, diamonds, emeralds, etc., and imports transport equipment, textiles and fabrics for its garment export units, petroleum products, machinery, etc.

Remittances from Sri Lankans working abroad have gone up steadily, and are helping in countering the trade deficit. With the end of the civil war, the resources that were earlier diverted to the war effort are now available for development purposes, and should bear fruit in the next one to two years.

The end of the civil war has also given a fillip to the economic activities in various parts of the country, especially those areas that were affected by the civil war. New businesses are coming up, and Banks are lending more and more money to businesses and opening up new Branches to cater to increased demand.

At long last, Sri Lankans can look forward to an upswing in their economic fortunes.