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India and Sri Lanka enjoy strong and vibrant economic and commercial relations and been both historically and culturally, considerably very close for several countries. Evidences suggest the relationship to be as old as 2500 years. India is Sri Lankan’s largest trading partner globally, while Sri Lanka is India’s second largest trading partner in the SAARC. Trade between Sri Lanka and India has grown rapidly after the entry into force of the Indo-Sri Lanka Free Trade Agreement in March 2000.

India and Sri Lanka also share the membership in other regional and multilateral trading arrangements – Asia Pacific Trade Agreement (APTA), South Asia Free Trade Agreement (SAFTA) in the SAARC context, BIMSTECT (Bay of Bengal Initiative for Multicultural Technical and Economic Cooperation), Global System of Trade Preferences (GSTP) and the World Trade Organization (WTO), which were influential in strengthening and further advancing trade and economic ties



At a Glance:



Country Name 



Democratic Socialist Republic of Sri Lanka















Government type  






Administrative divisions   



9 provinces; Central, Eastern, North Central, Northern, North Western, Sabaragamuwa, Southern, Uva, Western



National Holidays    



Independence Day, 4 February



Fiscal year      



Calendar Year 






Sri Lankan Rupee (LKR)






Maithripala SIRISENA (since 9 January 2015)  






22,053,488 (July 2015 est.)



Net migration rate       



-1.35 migrant(s)/1,000 populations (2015 est.)



GDP (purchasing power parity)



$217.4 billion (2014 est.)



GDP- composition by sector



Agriculture: 10.2%

Industry: 33.1%

Services: 56.7% (2014 est.)






Rice, sugarcane, grains, pulses, oilseed, spices, vegetables, fruit, tea, rubber, coconuts; milk, eggs, hides, beef; fish






Processing of rubber, tea, coconuts, tobacco and other agricultural commodities;   telecommunications, insurance, banking; tourism, shipping; clothing, textiles; cement, petroleum refining, information technology services, construction.   



Major Exports



Textiles and apparel, tea and spices; rubber manufactures; precious stones; coconut products, fish.



Major Exports- Partners   



US 21.8%, UK 8.3%, India 4.5%, Germany 4.2% (2013)



Major Imports  



Petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs.



Major Importers- ­­Partners



India 21.5%, China 17.6%, Singapore 10.1%, UAE 6.1%, Iran 4.9% (2013)




Natural resources  



Limestone, graphite, mineral sands, gems, phosphates, clay,







Sinhala (official and national language) 74%, Tamil (national language) 18%, other 8%

note: English, spoken competently by about  10% of the population is commonly used in government and is referred to as the link language in the constitution.






Southern Asia, island in the Indian Ocean, south of India