Intro: SS Menon in his book Choices describes Sri Lanka an aircraft carrier sitting right in the middle of Indian ocean. This makes Sri Lanka an important country in India's neighborhood first policy. In Sri Lanka, worst economic crisis since independence. India has extended about 3.5+ billion dollar assistance since January. India and Japan Working to help Sri Lanka for the essential items such as medicines, food supplies, fuel etc. Cooperation: Buddhism connect Sri Lanka is the first SAARC country to join India's National knowledge network. India’s developmental assistance projects for internally displaced persons (IDPs) and disadvantaged sections of the population Sri Lanka has helped further cement the bonds of friendship between the two countries The Economic and Technology Co-operation Agreement (ETCA) is a proposed diplomatic arrangement that seeks to add to the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, primarily in relat...