India's crucial financial and humanitarian aid of $4 billion aids Sri Lanka's economic recovery.
Competition between India and China for influence in Sri Lanka intensifies.
Both nations prioritize power-sharing and reconciliation with the Tamil minority.
Strategic location of Sri Lanka attracts regional powers' attention.
India's support plays a pivotal role in Sri Lanka's efforts to restructure debt.
The series of agreements marks a turning point in bilateral relations, fostering shared prosperity and cooperation.