Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.61%
12M T-Bill Rate10.99%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate11.70% / 11.80%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Political

FeaturedMay 13, 2023

Indian Congress is storming back to power at Karnataka assembly election 2023

India’s opposition Congress party has swept the Karnataka state elections, leaving a blow to Narendra Modi’s ruling BJP. The election is the first of five crucial state polls this year that are seen as setting the tone for parliamentary elections due in April and May 2024.

The defeat in Karnataka would be a blow for Modi, who remains highly popular after nine years in power and eyeing to win a third term nationally in 2024.

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