IT outsourcing rates in Sri Lanka

Sri Lanka is an island nation located in South Asia, known for its rich cultural heritage, diverse wildlife, and scenic landscapes. The country's economy is diversified, with the service sector accounting for a significant portion of its GDP. The country is also a major exporter of tea, textiles, and tourism services.
Despite progress in recent years, Sri Lanka faces several challenges, including income inequality, high levels of public debt, and political instability. The government has implemented several measures to address these challenges, including promoting foreign investment and increasing access to education and healthcare.
Sri Lanka has a developing IT infrastructure, with increasing internet and mobile phone penetration. The country has made progress in expanding access to technology, particularly in urban areas. The government has also implemented initiatives to promote the use of technology in education and business, with a focus on expanding access to digital services for all citizens. Sri Lanka is home to several successful technology companies, including Virtusa and Sysco LABS. However, limited infrastructure development and political instability have hindered the growth of Sri Lanka's IT sector.