It lies in the Indian Ocean, southwest of the Bay of Bengal, and southeast of the Arabian Sea; it is separated from the Indian subcontinent by the Gulf of Mannar and the Palk Strait. Sri Lanka shares a maritime border with India and the Maldives. Sri Jayawardenepura Kotte is its legislative capital, and Colombo is its largest city and financial centre. It is a multinational state, home to diverse cultures, languages, and ethnicities. The Sinhalese are the majority of the nation's population
Economy: The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers. This growth was driven by the growth of non-tradable sectors, which the World Bank warned to be both unsustainable and unequitable. Growth has slowed since then. Sri Lanka was re-classified as a lower middle income nation by the World Bank from a previous upper middle income status. It has met the Millennium Development Goal (MDG) target of halving extreme poverty
sri lanka
