The Hon. Ravi Karunanayake

Ravi Karunanayake noted that the debt-to-GDP ratio remained at 104 per cent and argued that the stated Rs. 102 trillion GDP figure partly reflected rupee depreciation alongside rising debt stock. He called for careful capital absorption, energy planning that accounts for geopolitical factors in LNG decisions, timely retirement of old power plants, and investment in new capacity, including through private capital. He also urged that successful subsidiaries should not be weakened, but instead managed through taxation and regulation.