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Factors responsible for the grave situation in Sri Lanka

The island nation of Sri Lanka, India’s southern neighbour, is going through its worst ever all-round crisis.  Food, fuel, medicines and other essential articles have been in acute short supply in recent months. Sri Lanka depends on imports to fulfil many essential mass consumption goods. Shortage of foreign currency to buy them from abroad has led to millions of people being deprived of basic needs.  Decline in oil imports has led to severe shortage of fuel, which in turn has led to crippling power cuts.

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