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Get latest articles and stories on World at LatestLY. The World Bank (WB) has said that Nepal's economy is expected to grow by 3.3 per cent in 2024, driven by revived tourism and a pickup in hydropower exports. World News | World Bank Projects Nepal's Economic Growth to Be 3.3 Per Cent in 2024.
Nepal received commitment for Rs15.03 billion for 211 small ventures, which is 67.3 percent of the total pledges.
The sudden rise in investment commitments was due to two large-scale projects proposed by South Korean investors.
The decline in disposable incomes of the people, mainly the middle class, has dampened the demand for luxury clothing.
Nepal among the lowest in South Asia in human development index Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.