Nepal Projects 3.85% Economic Growth Amidst Challenges
Summary
Nepal's economy is projected to grow by 3.85% this fiscal year despite challenges such as natural disasters, political fluctuations, and global conflicts, driven by hydropower, tourism, and policy reforms.
Key Points
- Nepal's economy is expected to grow by 3.85% in fiscal year 2082/83 despite multiple challenges.
- Hydropower sector grew by 20.93%, with 14 new projects added, boosting other industries.
- Tourism sector grew by 3.12% despite geopolitical tensions and internal conflicts.
- Remittances now account for over 33% of GDP, reflecting high dependence on foreign income.
