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EDITORIAL: Export potential
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Export competitiveness key to Nepals green, resilient, and inclusive recovery, states new World Bank report
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Export competitiveness key to green, resilient and inclusive recovery
thehimalayantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehimalayantimes.com Daily Mail and Mail on Sunday newspapers.
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Export competitiveness key to Nepal’s green, resilient, and inclusive recovery, states new World Bank report
Economy projected to grow by 2.7 percent in FY2021 due to easing of social distancing and good monsoons
KATHMANDU, April 12, 2021 – After contracting for the first time in 40 years in FY2020, Nepal’s economy is projected to grow by 2.7 percent in FY2021, driven primarily by services as social distancing measures continue to be relaxed and vaccines rolled out for priority populations. Agriculture is also expected to perform well, on the back of recent favorable monsoons. Exports could be a powerful platform to boost post-pandemic recovery and enable Nepal to transition towards green, resilient, and inclusive development, states the World Bank’s latest Nepal Development Update.