Nepal, March 4 -- Nepal's manufacturing sector has shrunk significantly over the past decade, with its contribution to GDP declining from 15 percent to 12.8 percent, according to a new macroeconomic report by Nepal Rastra Bank (NRB).
Unveiling its latest Macroeconomic Report on Tuesday, the central bank said Nepal's economy grew at an average potential rate of 4.2 percent between fiscal years 2014/15 and 2024/25. However, growth has remained moderate and uneven across sectors, and the economy has yet to fully regain its pre-COVID momentum.Investment in Nepal
Structural Shift Toward Services
The report shows a steady structural shift toward the service sector.
In 2014/15, agriculture, industry and services contributed 30.3 percent, 15....
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