Positive Growth Index

Nepal’s economy continues to struggle to come out of devastating impact of COVID-19 pandemic that pushed a sizable number of people into poverty. Still around 20 per cent Nepalis live below the poverty line. The unemployment rate has not declined owing to the limited job opportunities and shrinking industrial sector. Hundreds of Nepalis are forced to leave the country in search of better job opportunity, education and social security in foreign countries. As the capital spending has not grown as targeted by the government, infrastructure development has been frustratingly sluggish. Soaring inflation and trade deficit, corruption, high interest rates and climate change triggered crisis have further buffeted the national economy.