Nepal's economic growth rate is only 3.9 percent: World Bank

Jan Wed 2022 02:11:46

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Nepal's economic growth rate is only 3.9 percent: World Bank

Kathmandu. The World Bank has projected that Sri Lanka, Pakistan and Nepal will be among the lowest achieving economies in the current fiscal year. Announcing the first projection of 2022, the World Bank has estimated that Nepal will achieve an economic growth rate of 3.9 percent this year.

The government of Nepal, on the other hand, is predicting an average economic growth rate of 7 percent. However, the World Bank has adhered to its projections from the beginning. The World Bank estimates that the growth rate could be achieved as the vaccination campaign against corona and its economy continues to thrive.

This year Maldives will have the best economic growth rate among SAARC countries. It will get an increase of 11 percent. India is in the second place. India is expected to grow at 8.3 percent. While the Maldives and Bhutan, which have tourism-based economies, are doing well, Nepal is in a quandary. Its effect is seen in the economy. Bhutan is projected to grow by 5.1 percent.