"Sri Lanka’s economy is dominated by the services sector forming 60% of Gross Domestic Product. The annual average growth in this sector during the 3 year period of 2005 to 2007 was 7.1% in comparison to a growth of 6.3% in the preceding three year period 2002 to 2004. The industrial sector consisting of manufacturing, mining, energy and water production accounted for 22% of GDP in 2007 and recorded an average growth of 7.6% during the period of 2005 to 2007. The three year average growth prior to 2005 was 4.8%. Agriculture consisting of plantation agriculture, non plantation agriculture, livestock, forestry and fisheries accounted for 12% in 2007. The three year average of this sector was 3.8%, Wide fluctuations responding to vagaries of weather conditions. The construction industry which formed 6% of GDP in 2007, experiencing a revival consequent to post-tsunami reconstruction work, Government infrastructure development initiatives and private sector expansion. Reflecting a high growth momentum in services, industry and construction sectors. The economy sustained a 6.8% growth during the last three years through sectoral performance states the Central Bank", noted Tissa Jayaweera, Chairman, International Chamber of Commerce Sri Lanka in the Annual Report 2007-2008.

Mentioning more on Production and services he noted that the total production of sub-sectors in real terms amounted to Rs.1,331 billion in 2007 in comparison to Rs.1,243 billion in 2006. In terms of current prices, the total production of the services sector was Rs.2,088 billion. The size of the service sector was US$ 18,985 million in an economy (GDP) the size of which was US$ 32,522 million in 2007.

Further he said mentioned that the growth rate of the largest sub sector in services is the whole sale and retail sales grew at a somewhat lower rate of 6.1 percent in 2007 in the previous your, while the banking sector grew at a higher rate of 8.5 percent in 2006.Meanwhile, the hotels and restaurants sub-sector within the service sector contracted by 2.3 percent in value added terms in 2007. The tourism sector had a challenging year with the drop in tourist arrivals by 11.7 percent. Sub-sectors such as telecommunication, cargo transport and private sectors services including education and health and other services grew faster, due to the growing needs of the society that was making a diversified economic expansion, the report highlighted.

The role of the private sector in health care in emerging markets is gaining traction globally. The demand for quality care and the inability of the public sector to meet this demand is now a recognized fact; this is reflected by international organizations and private equity firms allocating significant amounts for investments in private sector healthcare in these markets. The healthcare industry is, however, facing severe shortages in human resources and in particular, management talents.

Mentioning more on the position of Sri Lanka in the region, he noted that Sri Lanka is a lower-middle developing nation with a GDP of about US$ 32 billion. This translates into a Per Capita income on $1600. 91% literacy rate and, life expectancy of 72 years which is well above those of other South Asian Countries. We see a severe income inequality. Thus an obvious difference to be seen between urban and rural areas. About 15% of the of the country’s population remain impoverished. Fight against terrorism, lack of agricultural labour productivity, lack of means of income, high inflation, poor infrastructure, Government policies, sky rocketing cost of living, the fuel price etc have major influence in this regard.