April 03, 2025 08:06 pm (IST)
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West Bengal: Mamata Banerjee accuses BJP, CPI (M) for SC verdict on SSC recruitment, vows to support affected teachers | Supreme Court stays deforestation in Hyderabad's Kancha Gachibowli amid protests | Modi a great friend of mine but not treating US right: Donald Trump announcing reciprocal tariffs on India | Crushing defeat for Mamata Banerjee: BJP reacts to Supreme Court's SSC recruitment order | DMK to challenge Waqf (Amendment) Bill in Supreme Court, announces Stalin | Supreme Court upholds Calcutta HC order quashing 25,000 appointments by SSC in Bengal | In a major boost for tourism, Shimla to get Asia's longest ropeway spanning 13.79 kilometers | Karnataka govt hikes sales tax on diesel, price goes up by Rs. 2 | 'Heard India will be dropping its tariffs substantially': Donald Trump ahead of announcing reciprocal tariff | Opposition MPs decide to vote against Waqf Amendment Bill in Parliament tomorrow
Chinese debt-trap: Africa should take lesson from Sri Lankan economic crisis

Chinese debt-trap: Africa should take lesson from Sri Lankan economic crisis

Apr 09, 2022, at 05:03 am

The island nation of Sri Lanka is facing one of the worst economic crisis, skyrocketing inflation, food shortages and weak government finances. This has been an outcome of a sharp rise in foreign debt since 2010, reaching 88 percent of the country’s GDP in 2019, causing a severe economic crisis.

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