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.