Tihar market tops Rs 3 billion
Summary
Tihar festival significantly boosts Nepal's economy with over Rs 3 billion in trade, driven by dry fruits, decorative lights, flowers, and precious metals.
Key Points
- Tihar drives Nepal’s economy with dry fruits trade alone reaching Rs 2.5 billion during the festival period.
- Nepal imports dry fruits and decorative lights mainly from countries including China, India, and the USA.
- Flower trade during Tihar is worth over Rs 400 million, with about 90% of flowers domestically produced.
- The Nepal Rastra Bank sold silver coins with religious images instead of minting gold coins this year, accounting for 410 kilograms sold.
