WHY INDIANS ARE ECONOMICALLY POORER THAN SRI LANKANS
In comparison of the two countries, Kerala, one of the smallest state of India is 0.59 the size of Sri Lanka, an independent country. The current estimated population of Kerala is 3.57 crores whereas Sri Lanka has 2.19 crores. The climatic conditions of both places are more or less similar. There are many similarities in geographical area too. While making an economic comparison with India, the following figures stand testimony. 2022-23 GDP of India is $3.30 trillion. GDP of Sri Lanka during 2022 was $94 billion. While going back to 1960 the GDP per capita income of Sri Lanka was $152 (South Korea $153, Malaysia $280 and Indonesia $60) and India $303) GDP of India about half a century ago was double the amount of Sri Lanka. GDP pci of India in 1990 was $368 (China $318) In the same year GDP pci of Sri Lanka rose to $565. The same of Sri Lanka became $1,065, India could come upto $1,913. Sri Lankan GDP pci in 2021 was $3,994 (Rs 3,19,520), 2022 was $3,393 and estimated ...