Nepal Projects 3.85% Economic Growth Amidst Challenges

Kathmandu. On Tuesday, the National Statistics Office released the annual national accounts estimates for the current fiscal year 2082/83. Amidst internal political fluctuations, global war challenges, natural disasters, and low agricultural productivity, a growth rate of 3.85 percent (3.68 percent at basic prices) is expected in the current fiscal year. This has been considered 'satisfactory' by statistics officials.The economy faced various shocks from the beginning of this year. Monsoon-related disasters, including floods and landslides, caused significant damage this year. From the flood at Rasuwagadhi to major damage to life and property in central and eastern Nepal.Drought during the monsoon season...