From Crisis to Insight: What Sri Lanka, Bangladesh and Nepal Teach India About Safeguarding Democracy
By Nagesh Bhushan Chuppala 1. A trio of tremors In the space of two years three South Asian neighbours have been rattled by political earthquakes. Sri Lanka’s 2022‑23 economic implosion toppled a president; Bangladesh’s 2024‑25 election protests sparked a brief but fierce crackdown; Nepal’s 2023‑24 coalition collapses forced a constitutional rethink. None of the upheavals has produced a new regime, yet each has exposed fault lines that could, under different circumstances, threaten the world’s largest democracy. 2. The economics of discontent Sri Lanka’s collapse was textbook macro‑instability: a $50 billion foreign‑exchange shortfall, inflation that peaked above 70 % and a sovereign‑debt default that left the island nation scrambling for an IMF lifeline. The lesson for India is stark – fiscal prudence and diversification remain the first line of defence against mass unrest. While India’s current account surplus and expanding services exports provide a buffer, the country’s relian...