By A Staff Reporter,Kathmandu, Mar. 10: Nepal’s economy is anticipated to grow by 4.4 per cent in the current Fiscal Year 2024/25, up from an estimated growth of 3.9 per cent in FY 2023/24, the Asian Development Bank (ADB) reported in its Asian Development Outlook (ADO) April 2025.
“Nepal’s improved growth forecast is being spurred by a gradual recovery of domestic demand, addressing of reforms in the private sector, and further revitalisation of tourism and related services,” said ADB Country Director for Nepal, Arnaud Cauchois.
According to him, key economic sectors, such as manufacturing and construction, which contracted in 2023/24, will expand this fiscal year owing to stable oil and raw material prices,…
