South Asia's economic crisis: India & Sri Lanka facing financial woes amid the COVID pandemic | WION

South Asia's economic crisis worsens amid the ongoing COVID-19 pandemic. Indian Rupee plunges against US Dollar, whereas Sri Lanka's foreign reserve is depleting rapidly.

#India #SriLanka #COVID

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[buddhikap]

Figures got wrong - Not $81 billion foreign reserves, but $8.1 billion foreign reserves of Sri Lanka

[swordrun]

The main reason why USA or western countries don’t help Sri Lanka at this point is that China helps to boots the sagging economy of Sri Lanka. The other point is that the people are dependent from government and do not work hard to straighten the economy.

[dfigurado]

Even though Covid pandemic compounded the Sri Lankan economic woes, Covid on its own is not cause for the economic crises . Its decades corruption at the highest level in elected governments. infrastructure projects that did not add value to economy rather increased the debt burden.

[immanueldelcastillo]

That Indian guy still using Windows XP. 😲

[yogeshpolawar]

India's rs is worst performing in group of 8 countries whom we call Asia's emerging economies includes Malaysia, Vietnam, etc

[WadithaGamage]

*What? SL never had 81M or 8.1B reserves in Last 3years...max was 6B in 2014-16 like if not mistakaen.*

[royal]

Replace all petrol and desiel vehicles with electric vehicles.

[vishnuthakur]

Modi ko bolo thora election chhor kr UP ka Economy pr dene ko. Inflation is now hurting common man. Fuel price, cooking oil price, vegetables etc everything is getting expensive.

[hydraxp]

The reason why govt reduced electronic vehicle costs

[AshanRajapaksha]

At the moment Sri Lankan foreign reserves got vanished with the payment of debts. Soon it will get more terrible in 2022

[johnwheat]

The Indian rupee isn't Asias worsts performing currency, that title goes to The Turkish lira. The last time I looked, Turkey was still in Asia. If you are going to present news as fact, may I suggest you make sure those facts are correct.

[osologic]

Very good and positive development for India.
India should take the lead to shift the monetary system from FIAT money to real money.
It is the only way forwards for poor countries like India to progress and facilitate all inclusive growth of the country.

[ijaisinghdeep]

Wion = Zee media channel = jumlebaaz and co's pet channel... Duba ke rakh deya desh ko .. and now taking srilankas name and COVID to hide the wrong doing of one ideology! Shame

[aburetik]

Get your money out of lndia ASAP before it's too late

[j.r.]

After roaming the whole world this is what you will get. Put your house in order first. Big talks does not fill the stomach of India.

[mmightygyan]

Naming both India and Srilanka is not fair. Indian issue is no where close to Srilanka even if it's causing ripples as well.

[TheGradeFootballer]

The fall of Indian Rupee against the Dollar would have actually been good for the Indian economy..If only we had the farsightedness to move away from fossil fuels, we could have been rubbing our hands together in excitement right now, since higher Dollar means more money for our service based economy, more stress towards exports and lesser imports.

[DS-cbid]

India has to go ahead at breakneck speed in renewable energy implementation from generation to storage to consumption

[gopikakrishna]

Looks like it's becoming more and more easy for china to make deals with srilanka. Another Phillipines or Ethiopia.

[mohamadazam]

Major imports should go into barter trade and swap currencies. Avoid 3rd party currencies. The US and currencies having SDRs support each other artificially.