| Title: | Supply Chain Disruptions and Resilience of Sri Lankan Exports |
| Author/s: | Tilak Abeysinghe, Nethmini Gunarathna |
| Abstract: | Sri Lanka, on the edge of global supply chains, has faced disruptions from COVID-19 and the Russia-Ukraine conflict. Shifting global trade priorities now emphasise resilience over efficiency, urging Sri Lanka to strengthen export strategies and reduce dependence on imported inputs.
This South Asia Scan analyses the import content of Sri Lanka's exports by category to identify vulnerabilities and inform resilient policy measures. Sri Lanka’s export sectors are vulnerable due to high reliance on imported inputs, exposing the economy to global supply chain disruptions. Diversifying exports, enhancing agriculture and addressing supply chain vulnerabilities are critical for aligning with evolving global trade dynamics. |
| Date: | 5 December 2024 |
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| Title: | Partnership and Beyond: Explaining Shifts in India’s Defence Cooperation with the United States |
| Author/s: | Yogesh Joshi, Nishant Rajeev |
| Abstract: | The India-United States (US) relationship has rapidly deepened in the 21st century, driven by economic, political, and notably, defence ties. This South Asia Scan analyses India’s strategic rationale for closer defence alignment with the US, covering policy coordination, military exercises, and arms sales. India’s evolving foreign policy now prioritises deterring Chinese aggression along the Himalayan frontier and countering China’s influence in the Indian Ocean. This shift has led to a more robust and enduring India-US defence partnership, though challenges and risks remain. |
| Date: | 28 October 2024 |
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| Title: | Sovereign Default and Economic Crisis in Sri Lanka: Causes and Policy Lessons |
| Author/s: | Ganeshan Wignaraja |
| Abstract: | After facing a severe balance of payments crisis, Sri Lanka defaulted on its foreign debt in April 2022, sparking its worst economic downturn in over 70 years. This South Asia Scan explores Sri Lanka's economic crisis and sovereign debt default, uncovering causes such as economic mismanagement and policy missteps, while also highlighting early 2024 stabilisation led by the new government. The analysis examines key policy lessons, the benefits of IMF support, and the role of Indian aid in recovery while emphasising potential risks with upcoming presidential and parliamentary elections. |
| Date: | 30 April 2024 |
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