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The Hindu
The Hindu
Comment
T. Ramakrishnan

In Sri Lankan crisis, a window of economic opportunity

In a recent interview with an Indian TV channel, the Sri Lankan Prime Minister, Ranil Wickremesinghe, touched upon a less-emphasised yet significant aspect of India-Sri Lanka relations — the commonality between Sri Lanka and the southern parts of India. He even said he would “easily fit into Chennai or Kerala without a problem, while[,] similarly[,] people in the south can fit in here”. This was not the first time that he has talked of forging closer ties between his country and south India.

The sub-regional context

During his second term as Prime Minister, Mr. Wickremesinghe while delivering a lecture in Chennai, in August 2003, called for the development of the south India-Sri Lanka sub-region as a single market that would provide more opportunities for the economic growth of both countries. In 2016, addressing the South Asian Diaspora Convention in Singapore, he highlighted the fact that the five Indian southern States, with a total population of 250 million, had a combined gross state domestic product of nearly $450 billion; with the addition of Sri Lanka’s $80 billion GDP, the sub-region would have a $500 billion economy, having an aggregate population of around 270 million. In the southeast Asian country, he had even referred to the tri-nation economic convergence, encompassing Singapore too. Mr. Wickremesinghe’s latest observations should be viewed in the context of his idea of sub-regional integration.

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