NEW DELHI: The island nation of Sri Lanka is currently going through an unprecedented economic crisis—shortage of essential items, high prices of food and fuel, depleted foreign reserves and high external debt. There have been public protests, leading to a political crisis of sorts. All ministers have quit to make way for a new Cabinet and the government has requested the Opposition to cooperate so as to find a way out of this crisis. But how did things come to such a pass? It didn’t happen overnight but is the pile-on effect of a host of factors. Read on.
