World Bank decreased Nepal's economic growth, the next two years is limited to 4.5 in the next two years

The World Bank has announced that the economic growth of Nepal is expected to be limited to 4.5 percent in the next two financial year.

"Although the record breaks in the revenue collection last year, the government expenditure capability has also increased, but Nepal has seen three major pushes (pushes) in the period of three years, it has also been affecting the economic goals," said World Bank Nepal's economist Sudhuman Dahal. He has presented three major pushes to earthquakes, terrain boundaries and recent floods.


The government had launched economic growth at 7.2 percent. The project has reduced the project to launch 5 percent economic growth earlier this year. In the year 2018, Nepal's growth was expected to grow at 5 percent rate and 4.5 percent in 2018.

According to the World Bank, it has recently affected the population of 5 percent (17 lakh) and 80 percent of the South Terai affected areas. According to the World Bank, it will be difficult to overcome the economic growth target in 2018, due to the flood damage caused by agricultural and economic activities and the pressure on government efforts being made in poverty reduction.

Similarly, the budget deficit is at 3.3 per cent of the average production of GDP, the stress seen in the Gulf countries and the Gulf countries in the past, due to the decrease of remittances, and the GST Tax (Good and Services Tax) system, which has recently accumulated India, has affected the export from Nepal as well. The World Bank is unavailable.

With the implementation of GST, the Nepalese exporters will compete with the competitive capacity and also increase the imports from India to Nepal. Because of the implementation of GST, the price growth rate in India will increase, the difference between the value of India and Nepal has increased.

Published on August 17--||Sandip Babu||