The economic condition of Sri Lankas, considering it has only been a civil war free nation since 2009 has been amazing with each of its primary sectors working towards their full potential and pulling the poverty ridden nation towards a lower-middle class income nation. The growth still needs a lot of work for its development to reach generally at par with the global, or atleast the Asian average.
But there has been a sudden decline in the speed of growth in the country. The pandemic, amongst the South East Asian countries, has affected Sri Lanka severely. The sudden halt in all economic activities had plunged the economic condition to a worrisome state. Thanks, to the proactive measures by the government, the rise has come about once again, though slow but steady.
The cloud computing market has come forth in these trying times to help workers transition smoothly into a home-based work setup using a cloud infrastructure. The demand for more of such working conditions is high in order to turn the wheels of the economy back on the progressive track. With Oxtrys in place to take care of your virtual infrastructure, right from transitioning and establishment to management and backup, businesses across the country can refocus that attention into driving technologically improved markets and providing top of the class customer service, in order to generate revenue.
Parallel with cloud reliance, cyber security is high in demand and leading the ICT sector in the country for obvious reasons. While that may be, in the big picture of Sri Lanka, the major revenue earners are the export business and one among them is the ICT sector. The ICT sector has been contributing to the big picture and has risen to the 4th largest revenue generator in terms of exporting. The ICT services provided out of Sri Lanka are rising in demand every day because it provides skilled service at cost effective value.
While the major steps taken in the ICT sector are in line with the long-term goals of the country to bring comfort and service to the Sri Lankan public with a raised standard of living, these steps have also pulled the country’s ICT service providers as tough potential competitors in the global market.
As an overview, the Sri Lankan economy is on the rise and the advancement which was halted by the pandemic have begun to run again from where they left off with double efforts presenting a promising and quick recovery.