Stories Tagged 'Trade deficit'
Outflow of funds from the country’s economy surpassed inflows by Rs24.7 billion in the first eight months of the current fiscal year, as country’s trade deficit widened by over 23 percent.
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President Bidya Devi Bhandari has expressed her concern over growing trade deficit in the nation.
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Nepal’s trade deficit with South Asian countries widened by a whopping 51.2 percent in the first nine months of the current fiscal year driven by massive hike in imports from countries such as India, Pakistan and Bangladesh.
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Trade deficit against gross domestic product (GDP) more than doubled in less than a decade, with imports outperforming exports.
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The upcoming budget has raised hopes that it will address the country’s ever ballooning trade deficit.
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Minister for Commerce and Supplies Sunil Bahadur Thapa said on Monday that the existing trade policy had failed to address various issues
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