With an economy worth $93.45 billion, $298.310 billion PPP and a per capita GDP of about $4,310, $13,480 PPP as of 2018, Sri Lanka has mostly had strong growth rates in recent years. The Sri Lankan economy has seen robust annual growth at 6.4 per cent over the course of the 2003-2012 period, well above its regional peers. In GDP per capita terms, it is ahead of other countries in the South Asian region. Since the end of the three-decade civil war, Sri Lanka has begun focusing on long-term strategic and structural development challenges as it strives to transition to an upper middle-income country. The main economic sectors of the country are tourism, tea export, apparel, textile, rice production and other agricultural products. In addition to these economic sectors, overseas employment contributes highly in foreign exchange: 90% of expatriate Sri Lankans reside in the Middle East. Sri Lanka has recorded a growth of 15.3 per cent in tourist arrivals during the first half of 2018 compared to the same period last year, statistics from the Tourism Ministry showed here Wednesday. From January to June 2018, 1,164,647 tourists arrived in Sri Lanka compared to the 1,010,444 tourists who visited the country during the same period last year. In June 2018, 146,828 tourists arrived in the island country, 19 per cent increase from the arrivals recorded in June 2017. India remained the largest market for Sri Lanka in June, followed by China and Britain. Tourism was one of the highest growing sectors in the island. The government is trying to expand the capacity of the tourism infrastructure. Sri Lanka having the second largest Tamil Diaspora population in the world and more opportunities to explore the growing market, TTTI targets Sri Lankan tourism to start the operations with. The Organisation will have tie-ups with homestay companies in Sri Lanka with a minimum of 20% commission on income in homestay or sub home (rooms) for the members of TTTI and other tourists who take the services of the Organisation.
Key Project Goals
- Wealth Maximisation of Tamil Ethnicity.
- Proper Advise on utilisation of available recourses.
- Higher return on investment.
- Investment options on homestay properties.