GDP

Sri Lanka’s economy expands as Q2 GDP hits Rs. 2,883 billion

Sri Lanka’s economy expanded by 4.9% year-on-year in the second quarter of 2025, reflecting signs of sustained recovery from the country’s worst economic crisis in decades. According to the Department of Census and Statistics, GDP at constant 2015 prices reached Rs. 2,883 billion, compared with Rs. 2,749 billion in the same period last year. Growth was driven by a 5.8% rise in industry, a 3.9% expansion in services, and a 2% increase in agriculture. The island nation plunged into an...

August 8, 2023 7:24 PM

RBI projected Country’s real GDP to grow at 6.5% in current fiscal year: Govt in Rajya Sabha

The RBI has projected Country’s real GDP to grow at 6.5 percent in the current fiscal year. In the written reply in Rajya Sabha, Minister of Finance Nirmala Sitharaman said that the International Monetary Fund (IMF), in its latest World Economic Outlook (WEO) of July 2023, has revised India’s real GDP growth forecast for the current financial year by 20 basis points (bps). She said that the IMF has raised it from 5.9 percent to 6.1 percent. The positive revision is due to the momentum gained...