KATHMANDU, Feb 10: The government has revised Nepal’s economic growth rate for the current fiscal year (FY 2025/26) down to 3.5 percent from the earlier estimate of six percent.
Govt revises down growth forecast to 6 pc
According to the mid-term budget review released by the Ministry of Finance (MoF), the gross domestic product (GDP) growth target has been reduced by 2.5 percentage points due to a decline in rice production, a slowdown in the construction sector, and reduced real estate transactions.
Nepal’s economic growth rate was estimated at 4.6 percent in FY 2024/25. Meanwhile, the World Bank has projected growth of 2.1 percent for the current fiscal year.