SL second to India

The Forbes magazine has ranked Sri Lanka high in its list of best countries to do business. Sri Lanka ranks above China (90th), Philippines (91st), Russia (97th) and many of the South American nations. Being at the 83rd place, Sri Lanka is second only to India (77th) in South Asia.

President Rajapaksa’s re-election in 2010 means that the Government of Sri Lanka will likely continue its more statist economic approach, that seeks to reduce poverty by steering investment to disadvantaged areas, developing small and medium enterprises, promoting agriculture, and expanding the already enormous civil service, the Forbes magazine pointed out’.

‘The end of 26-year conflict with the LTTE has opened the door for reconstruction and development projects in the North and East, it added. Forbes also pointed out that the end of the war and the IMF loan restored investors’ confidence. The Sri Lankan stock market gained over 100 percent in 2009, one of the best performing markets in the world. - Internet