Sri Lankans seek refuge in India as country battles worst economic crisis. Key points

Around $6.9 billion of Sri Lanka's debt needs to be serviced this year but its foreign currency reserves stood at about $2.3 billion at the end of February
Around $6.9 billion of Sri Lanka's debt needs to be serviced this year but its foreign currency reserves stood at about $2.3 billion at the end of February
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Sri Lanka is currently facing its worst economic meltdown since independence in 1948, with crippling shortages of essentials and fears it will default on its foreign debt or ask bondholders to take a "haircut" on repayments.
Around $6.9 billion of Colombo's debt needs to be serviced this year but its foreign currency reserves stood at about $2.3 billion at the end of February.
The island nation had about $3.5 billion in debt from China by end-2020, excluding loans to state enterprises, according to central bank data.
Amidst hardships and sufferings, its nationals have started fleeing to India.
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