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GDP WILL REACH US$100 BILLION IN FIVE YEARS

Sep 1, 2011 6:49:47 AM - itnnews.lk

Central Bank Governor Ajith Nivard Cabral has said that Sri Lanka took nearly 55 years to reach a per capita income of US$ 1,000 and in the last five years this was doubled to over US$ 2,000.

He also said that Sri Lanka Gross Domestic Product would reach US$ 100 Billion from the current US$ 50 Billion mark in five years. The contribution from the industrial sector to GDP has also significantly soared from 19.6% to 29.6%. Key power projects as Norochcholai were commissioned bringing a permanent solution to the power and energy crisis, in a bid to develop infrastructure.

The Central Bank Chief pointed out that the construction of five harbours, the re-laying of carpeted roads and several other development projects, which have got off the ground would lead to the creation of industrial harmony.