Sri Lanka, Pakistan, Nepal: India's Neighbourhood In Turmoil - 'Hot Mic' With Nidhi Razdan

Hot Mic With Nidhi Razdan: There is a crisis in India's neighbourhood - from the political turmoil in Pakistan to the economic meltdown in Sri Lanka and now Nepal running out of forex reserves.

Hi, This is Hot Mic. And I'm Nidhi Razdan.

So there's a war in Ukraine that's been dominating world headlines but in case you haven't noticed, there is also a crisis in India's neighborhood. From the political turmoil in Pakistan to the economic meltdown in Sri Lanka and now India's northern neighbor, Nepal, is running out of forex reserves. It is relentless. So what exactly is going on in our neighborhood? Well, Sri Lanka first.

For weeks now, the island nation has been engulfed in anti-government protests as it faces its worst ever economic crisis. Very simply, Sri Lanka has run out of foreign exchange that would enable it to buy essential goods, including food, medicines and fuel. Their economy, for years, has been heavily dependent on imports for all these essentials. But the pandemic and a series of bad policy decisions have left Sri Lanka in this precarious situation today.