Kathmandu, 9 May: Nepal’s trade deficit swelled to nearly Rs 1 trillion in the first nine months of the current fiscal year due to increased imports of petroleum products, ready-made garments, aircraft spare parts and electrical goods, according to Karobar daily.
Nepal Rastra Bank’s report shows that imports jumped over 23 per cent to Rs 991 billion in the first nine months of the current fiscal year, up from 22 percent in the same period during the last fiscal year. Imports from India, China and other countries increased 22.0 percent, 37.8 percent and 20.8 percent respectively.
People’s News Monitoring Service
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