I request both Indians & Sri Lankans to kindly refrain from unnecessary verbal attacks. I feel Sri Lanka may acquire land & naval based surface to air short range missiles, may be in very small numbers. But regarding S 300 batteries, I would say to everybody to wait, till the deal goes through.
Sri lanka is still per-dominantly still a cash strapped country. In 2001, Sri Lanka faced bankruptcy, with debt reaching 101% of GDP. The crises also exposed the fundamental policy failures and structural imbalances in the economy and the need for reforms.
The official estimate of what Sri Lanka currently owes its financiers is $65 billion of which $8 billion is owned by China. The country’s debt-to-GDP currently stands around 75% & their income resources are small. 95% of all government revenue is currently going towards debt repayment. Much of Sri Lanka’s pile of debt accrued in the process of initiating an entire buffet of large-scale and extremely expensive infrastructure projects under the direction of former president Mahinda Rajapaksa.
Between 2009 and 2014 Sri Lanka’s total government debt tripled and external debt doubled, as the country engaged in a number of costly undertakings -- such as attempting to build a new, multi-billion dollar city in the middle of a jungle (which includes the world’s emptiest international airport), constructing one of the most expensive highways ever made, as well as other pricey endeavors, such as spending $42 million just to remove a rock from the harbor at Hambantota. Sri Lanka could be in a debt trap, that it may not be able to get out of. Their debt is still rising in the present Gov.t — & they have huge bills to pay, which the country has not yet figured out a way, how they will pay.
So they are running on a IMF bail out scheme. Personally I doubt they can even buy ten batteries of S 300. If a country cannot buy like bare minimum 50-100 batteries, it's of no use even buying any. So kindly I request Indians to use your brains before getting in to unwanted verbal feuds & apply your logic.
Atleast wait for them to acquire the batteries before having such debates. It's utter waste of time. It's like a judge penalizing a family member, who's going to commit a crime against another family member, when it has not happened & the family members of each family are having a fight for something which is perceived to happen & may not even happen.
If Sri lanka is unable to put a brake to its climbing debt & reverse it, it's going to be a country at the mercy of the international community in the coming years. They may need somebody to save them from dying. Whose help will the Sri lankans prefer at that time, China or India