Prime Minister Narendra Modi urged all Indians to carry out their responsibilities to guarantee that the country is a developed nation in the next 25 years as the largest democracy in the world celebrated its independence day today (August 15).
The festivities took place in the Red Fort, where Prime Minister Modi declared that India’s two largest problems were corruption and dynastic politics. It’s interesting to note that this also holds true for India’s neighbors, particularly Sri Lanka, which is struggling with widespread corruption brought on mostly by dynasty politics.
Prime Minister Modi said at the outset of his address that it was a momentous day for India as it embarks on a new road and makes a new commitment with renewed vigor. He said that India’s diversity is one of its greatest strengths. Modi said, “India is the mother of democracy that may disturb even the largest of sultanates.
India’s economy, presently valued at $3.17 trillion, has seen a dramatic transition over the past ten years and is predicted to rank fifth in the world by 2022. Gross Domestic Product (GDP), a monetary indicator of all products and services produced in a nation in a given year, increased from 2.79 lakh crore in 1950–1951 to an expected 147.36 lakh crore in 2021–2022.
On August 5, 2022, India’s foreign exchange reserves were 45,42,615 crore, up from 911 crore in 1950–1951 and a year earlier. India now ranks sixth in the world in terms of foreign exchange reserves. India’s overseas trade was more than $143 billion in July 2022.
Despite the fact that India is commemorating its 75th anniversary of independence, Sri Lanka and India have had a relationship for more than 2,500 years. The two nations’ relations have evolved over time, embracing all topics that are relevant to the modern world. The relationship has recently been characterized by tight political ties, expanding commerce and investment, and collaboration in the areas of development, education, culture, and defense.
India has a proven track record of supporting Sri Lanka’s development in the areas of social, community, and human resources, whether it is through mass housing projects, ambulance services, cultural preservation, or educational initiatives.
As India’s closest neighbor and ally, Sri Lanka will profit more from an advanced and more strong India. Sri Lanka is currently through its greatest economic crisis, and India has stood with Sri Lanka at every turn by providing the assistance it needs.
The Commonwealth Secretary-General Patricia Scotland emphasized and praised this further, calling India’s “generous” and “multifaceted” assistance to Sri Lanka in dealing with its historic economic crisis “heartening.”
“It is encouraging to see India provide Sri Lanka with such extensive and varied support. It embodies the principles and spirit of the Commonwealth. We are a family of nations in spirit, and families come together to support one another when they are in need. Recently, Prime Minister Narendra Modi stated that India supported Sri Lanka’s people in their efforts to achieve stability and economic recovery via established democratic channels, institutions, and legal framework “She spoke.
Ms. Scotland said that the unheard-of difficulties that Sri Lanka is dealing with “have demanded, and continue to require, the determination and fortitude of its leaders as well as the assistance of the international community.”
Ms. Scotland also discussed India’s significant contribution to the fight against the world food crisis and stated that the Commonwealth is trying to implement a more comprehensive strategy to guarantee food security.
Power and Energy Minister Kanchana Wijesekera recently stated that his administration has asked other nations to supply gasoline as Sri Lanka struggled to find the money to buy fuel. However, Sri Lanka has only received a line of credit from India up to this point in order to purchase necessities like petrol.
India has provided “unprecedented” help of more than $3.8 billion, according to the Indian Ministry of External Affairs, to “address the dire economic situation in Sri Lanka.”
“We are still keeping a careful eye on recent events in Sri Lanka. According to Ministry Spokesperson Arindam Bagchi, India “stands with the people of Sri Lanka as they seek to achieve their aspirations for prosperity and advancement via democratic methods and ideals, established institutions, and constitutional framework.
Sri Lanka continues to get the majority of its tourists from India. With a 25% annual increase in traveler volume, India is one among the world’s outbound marketplaces with the highest growth.
Sri Lanka is still grateful for India’s government and people for their ongoing support over the past few years in a number of areas, including counterterrorism, maritime security, disaster management, humanitarian assistance, development cooperation, commercial engagement, and people-to-people relations.
Sri Lanka also appreciated the assistance provided by India during discussions at the International Monetary Fund in March of this year, as well as on following occasions in other venues, such as regional and plurilateral organizations.