{"id":294371,"date":"2026-04-09T07:18:30","date_gmt":"2026-04-09T01:33:30","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=294371"},"modified":"2026-04-09T07:20:05","modified_gmt":"2026-04-09T01:35:05","slug":"nepals-economic-growth-slows-to-2-3-percent-in-the-current-fiscal-year-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/nepals-economic-growth-slows-to-2-3-percent-in-the-current-fiscal-year-2\/","title":{"rendered":"Nepal&#8217;s economic growth slows to 2.3 percent in the current fiscal year"},"content":{"rendered":"<p>Kathmandu.\u00a0<b data-path-to-node=\"2\" data-index-in-node=\"0\">The World Bank has projected that Nepal&#8217;s economic growth rate will be limited to 2.3 percent in the fiscal year 2082\/83 (2025\/26).TAG_CLOSE_b_12 The decline in growth from 4.6 percent in the previous fiscal year this year was mainly attributed to the impact of the ongoing conflict in the Middle East and the domestic unrest in September 2025. <\/p>\n<div id=\"model-response-message-contentr_8638ffcb0902bbef\" class=\"markdown markdown-main-panel enable-updated-hr-color\" dir=\"ltr\" aria-live=\"polite\">\n<p>According to the report &#8216;Nepal Development Update: Growth Under Pressure&#8217; released by the World Bank on Wednesday, the economy is expected to improve in the coming years.TAG_OPEN_p_17 Based on the consumption due to reconstruction works, expansion of hydropower and the consumption due to the 2027 sub-provincial elections, the average growth rate in fiscal years 2027 and 2028 is projected to reach 4.4 percent. <\/p>\n<\/p>\n<p>The report points out that the service sector will be the most affected due to the slowdown in tourism activities, increase in transportation costs and possible disruptions in the supply chain.TAG_OPEN_p_16\u00a0According to the World Bank, if the conflict in the Middle East prolongs, there is a risk of reduced tourist arrivals, reduced remittance flows and slowing overall economic activity. <\/p>\n<\/p>\n<p>David TAG_OPEN_p_15 Sislane, World Bank Division Director for the Maldives, Nepal and Sri Lanka, said that growth led by the private sector will be key to job creation. He said, &#8220;Nepal should support priority sectors such as tourism, information technology (IT) and agribusiness, to improve the business environment, develop infrastructure, mobilize private finance, and promote tourism.&#8221; &#8220;<\/p>\n<\/p>\n<p>According to the World Bank&#8217;s South Asia Economic Update, South Asia&#8217;s overall growth rate is expected to slow from 7 percent to 6.3 percent in 2026.TAG_OPEN_p_14 &#8220;Although disruptions in global energy markets have affected the region, South Asia is likely to grow faster than other developing economies,&#8221; the report said. <\/p>\n<\/p>\n<p>Franziska Ohnsarg, World Bank&#8217;s Chief Economist for South Asia, has suggested that the focus should be on building industrial parks, developing skills and improving the quality of exports to make industrial policies effective.TAG_OPEN_p_13 <\/p>\n<\/p>\n<hr data-path-to-node=\"15\" \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu.\u00a0The World Bank has projected that Nepal&#8217;s economic growth rate will be limited to 2.3 percent in the fiscal year 2082\/83 (2025\/26).TAG_CLOSE_b_12 The decline in growth from 4.6 percent in the previous fiscal year this year was mainly attributed to the impact of the ongoing conflict in the Middle East and the domestic unrest in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":294369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45060,45159],"tags":[],"class_list":["post-294371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-corporate-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=294371"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294371\/revisions"}],"predecessor-version":[{"id":294372,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294371\/revisions\/294372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/294369"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=294371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=294371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=294371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}