Kathmandu. Sri Lankan President Gotabaya Rajapaksa had to step down as president in July 2022 due to protests. At that time, Sri Lanka was facing an economic crisis. On July 14, 2022, the then President of Sri Lanka, Gotabaya Rajapaksa, resigned after flying to Singapore via the Maldives. On July 20, 2022, Sri Lanka’s parliament elected Ranil Wickremesinghe as its new president. The demonstrators had taken over the presidential palace and the office of the prime minister.
The Colombo Stock Exchange’s major index (ASPI), which was 7,721.78 before the formation of the new government on July 20, 2022, has now reached 21,851.30. During this period, the market index has increased by 2.82 times or 183 percent.
Nepal has an interim government formed after the Zenji movement. There is a general concern among the investors that the NEPSE index will be similar to that of Sri Lanka in Nepal.
