KATHMANDU, May 29: Finance Minister Prakash Sharan Mahat has said that it is estimated that there will be a 2.16 percent economic growth in basic prices in the current fiscal year. Speaking during the Budget speech for the upcoming year, he said that economic growth will slow down due to the relaxation in the world e
He added that the growth rate would be of 8 per cent if the financial institutions and banks were able to issue the loans as per the demand. He added that the rise of demand for loan was a positive sign for enhancing the economic activities therefore it will bring positive change in the future.
