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From ADBPovertyReduction
Economic Analysis
Prepared for
DR. AMIR ULLAH
International Marketing
Prepared by
Saurabh BhideC. Pratap Narsaraju
Economic Analysis
I.Executive summary:
Sri Lanka has been plagued by clash with LTTE as well as civil wars for many years. In spite of this Sri Lanka has managed to maintain egalitarianism and protract a comparatively unwaveringechelon of economic development with its weapons like strapping market economy,noninterventionist free trade and investment system. But like any other country corruptionremains a prime cause of worry for Sri Lanka and is estimated to cost Sri Lanka 2% of its annualeconomy(School, 2009). Today Sri Lanka boosts of higher per capita income in South Asia ascompared to even India. It also has a literacy rate of 92% and has ample aid from World Bank and private organizations to swell its entrepreneurship bustle. Sri Lanka is tipped to have anaverage of 5.8% increase in GDP till 2012 with free trade markets and ease in global commoditymarket(School, 2009). Opening a business in Sri Lanka is no more a nightmare if taxing andlicensing handled effectively.With this overview the economic analysis is done taking into consideration the product aretaking to Sri Lanka. The report covers the Sri Lanka’s demographic and economic analysis.Efforts are been made to understand the various trade laws and restrictions prevailing in SriLanka to get a deeper view of doing business in Sri Lanka. The report gives us a clear idea of theopportunities and threats that we may come across while starting our business in Sri Lanka andhelp us justify our decision of exporting Indian handicrafts to Sri Lanka.
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Economic Analysis
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| Upload Date: | 10/06/2009 |
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