Sri Lanka’s economy: Challenges and way forward

Since the end of the disastrous war conclusively three years ago, Sri Lanka was poised for a rapid take-off filling everyone with hopes of a bright future ahead. As a herald of these hopes, several macroeconomic indicators recorded impressive performance in the first two years of the new era. The overall real economic growth rate which amounted, on average, to less than 5 per cent per annum in the whole of the post-independence period shot up to 8 per cent in 2010 and 8.3 per cent in 2011.