Sri Lanka seeks Indian FDI as it restructures state corporate sector

ADB forecasts Sri Lanka's economic growth to dip to 2.4% in 2022 and improve marginally to 2.5% in 2023. The forecast indicates a better prospect for the economy now that what the World Bank had forecast in October 2022. According to Word Bank October 2022 forecast, Sri Lanka's real GDP was expected to fall by 9.2 percent in 2022 and a further 4.2 percent in 2023.

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