In association with
Logo Logo Logo

Asian Development Bank projects 4.2 percent growth rate in Nepali economy in 2022


KATHMANDU;- The Asian Development Bank (ADB) has projected 4.2 percent growth rate in Nepali economy next year, 2022. Updating its major publication, Asian Development Outlook, today, the ADB estimated slight increase in the economic growth.

It had projected the growth rate to be limited within 2.3 percent in 2021.

The projection this year has said the production of rice and industrial goods would increase, thereby contributing to export promotion. Similarly, the national vaccination campaign would lower the infection, which it argued, would help improve economy.

Moreover, inflation would be around 5.2 percent due to high price of petroleum products. Lat year, the inflation was projected to be 3.6 percent.

The supply of petroleum products would decrease with the increased production of hydropower, and balance of payment is to receive low pressure.

The remittance and export would however increase, the Outlook said.

 

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

Comment here !
Related News

KATHMANDU:- Government offices across the country including the Kathmandu Valley that remained closed for the Dashain festival have resumed after

PALPA:- The number of patients taking Ayurvedic medicines is increasing in the district. People with health issues like abdomen pain,

SARLAHI:- The construction of a sub-station has reached the final stage of completion. The structure for the 132-33 KVA is

SINDUPALCHOK:- The temporary road from Melamchi to Indrawati has been damaged by the heavy rain last night. The road has