World Bank predicts Nepal's economy to grow 5.1% in 2024-25 fiscal year, driven by tourism, hydropower, and paddy production.
The World Bank projects Nepal's economy will grow by 5.1% in the 2024-25 fiscal year, below the government's 6% target. This growth will be fueled by rising tourism, increased hydropower output, and higher paddy production. The previous year's growth was 3.9%. The World Bank stresses the importance of continued reforms in infrastructure and governance to sustain this growth momentum, while the IMF also notes signs of recovery in Nepal's economy.
October 02, 2024
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