Abstract:
I am Vickneswaran Anojan, Final year graduating student, Department of Accounting, Faculty of
Management Studies and Commerce, University of Jaffna.
My fields of interest are taxation, accounting, liquidity & capital structure management, effective
production, working capital management and comparing the financial performance
If we take GDP performance and sector’s performance and contribution to GDP of Northern Province
during war and post war scenarios of Sri Lanka. Every sector is much be needed to the county for the
development. Here 2006, 2007, 2008 considers as during war period and 2010, 2011, 2012 as post
war period. After the civil war of the country the number of development activities are taking by the
respective authority to develop the country and Northern Province specially here we may consider the
infrastructure such as road development, rail way road development, engineering faculty for Jaffna
university, garments(MAS Holdings-Killinochchi, Omega Line-Vavuniya and etc…) new factory in the
region, opening the number of banks, companies and financial institutions branches, development of
the telecommunication sector, development of professional studies such as Chartered Accountancy,
CIMA, CMA and AAT, reopening the factories, new building and other development to schools, micro
finance to the business, residence to the displace people, resettlement to the war effected people and
etc. Here the government of Sri Lanka and respective authority should know about the sector wise
performance of the province to take the future successful development. The mainly the particular
province needs employment opportunity through the business development.
Accordingly to the my descriptive analysis confirmed that post war period has high mean value
contribution to the GDP than during war period from the Northern Province and the sector wise the
agriculture, industry and service have the high contribution to GDP in the period of post war. Here the
service sector contributes highly than other two sectors in the both period as well as the industry
achieved a rapid performance in the period of post war than during war period. From the findings it
can be seen that post war contributions to GDP by the Northern Province is very good and high level.
The Northern Province’s contributions to GDP continuously increasing than other province however
Northern Province contributes at low level that mean least percentage contribution to GDP than other
province which is not good remarks for the province due to that the government, NGOs, INGOs,
respective authority, private sector and researchers should find the actual facts for low level
contribution and the ways to increase the contribution from the sectors. The industry contributes a
high level however the Northern Province has adequate, wealthy, and good resource for agriculture so
the respective authority should try to take the necessary steps to develop and increase the agriculture
production than other two sectors. Finally as a researcher it can be suggested that to the business
people and investors to avoid to build the buildings as luxury which is not good investment if they
invest in the agricultural related business specially agricultural farms, developing fishing activities and
introduction of the new cultivation that will be the good investment.
The government and financial assistance providers should try to give the low interest rate loan to
small business, agricultural based business and diary business with minimum requirement, the
government should try to give the more productivity seeds to the farmers from the foreign and the
respective authority should try to give adequate training to the Northern Province business people
specially about protection of post harvesting loss training should be needed to the farmers in the
particular region. After the civil war the foreign tourist are much visiting to the Northern Province and
also the province has much of tourist point so the business people also can give much consideration
tourist business also like better transport, hotels and other related business. The Province has much
resource and potential to increase their contribution to the GDP in the future.