what kind of economy does sri lanka have
Economy of Sri Lanka According to government policies and economic reforms stated by Prime Minister and Minister of National Policy and economic affairs Ranil Wickremesinghe, Sri Lanka plans to create a knowledge-based social market economy and an export-oriented economy as well as the Western Region Megapolis a Megapolis in the western province to promote economic growth. The creation of several business and technology development areas island-wide specialised in various sectors, as well as tourism zones are also being planned.[24][25][26][27]
History of Sri Lanka The island was divided into numerous kingdoms over the following centuries, intermittently (between CE 993â€“1077) united under Chola rule. Sri Lanka was ruled by 181 monarchs from the Anuradhapura to Kandy periods.[6] From the 16th century, some coastal areas of the country were also controlled by the Portuguese, Dutch and British. Between 1597 and 1658, a substantial part of the island was under Portuguese rule. The Portuguese lost their possessions in Ceylon due to Dutch intervention in the Eighty Years' War. Following the Kandyan Wars, the island was united under British rule in 1815. Armed uprisings against the British took place in the 1818 Uva Rebellion and the 1848 Matale Rebellion. Independence was finally granted in 1948 but the country remained a Dominion of the British Empire until 1972.