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Sri Lanka’s economic crisis hits India’s trade ties

India is Sri Lanka’s third-largest trade partner, and one of the largest contributors to foreign direct investment .Many Indian exporters are keeping trade suspended over fears that payment from Sri Lankan partners will not arrive as access to capital and loans dries up as Sri Lanka’s political and economic crisis continues to spiral downward, trade with neighboring India is grinding to an almost halt.India also relies considerably on the Port of Colombo for global trade, given the port’s function as a hub for transferring shipments. However, Sri Lanka’s crisis is affecting port operations. In June, thousands of containers sent from India to Sri Lanka were lying uncleared at the port. How will Sri Lanka solve the economic crisis?

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