NEPAL ECONOMIC FORUM ISSUE 44 | MARCH 2021 POLITICAL ECONOMY IN TRANSITION DOCKING NEPAL'S ECONOMIC ANALYSIS DOCKING NEPAL’S ECONOMIC ANALYSIS ISSUE 44 | MARCH 2021 FACTSHEETNEPAL FACTSHEET KEY ECONOMIC INDICATORS GDP (2021) *** USD 30.6 billion GDP growth rate (%)*** 0.2% GNI (PPP, 2021) *** USD 3610 Inflation (y-o-y) **** 4.05% Gross Capital Formation as of 2021, preliminary 50.2% Agriculture sector (% share of GDP)** 27.65% estimate (% of GDP) *** HDI * 0.602 Industry sector (% share of GDP)** 14.27% Rank 142 Service sector (% share of GDP)** 58.08% *HDI figure from Human Development Report of the UNDP-2020 ** Based on Nepal Rastra Bank's 12 months data of 2019/20 *** Based on World Bank Data ****Based on 4 months' Data (2020/21) CONTENTS MARCH 2021 | ISSUE 44 CONTENTS NEPAL FACTSHEET 1 EDITORIAL 4 1 GENERAL OVERVIEW 5 Political Overview 6 International Economy 8 2 MACROECONOMIC OVERVIEW 10 3 SECTORAL REVIEW 13 Agriculture 14 Energy 16 Infrastructure 17 Telecommunications 20 Real Estate 23 Education 24 Health 27 Tourism 29 Trade and Debt 31 Foreign Aid 34 Remittance 36 Environment 39 4 MARKET REVIEW 40 Financial Market 41 Capital Market 45 5 SPECIAL SECTION: POLITICAL ECONOMY IN TRANSITION 48 ENDNOTES 57 NEF Profile 61 Issue 44: March 2021 Executive Board Members: Publisher: Nepal Economic Forum Alpa B. Shakya Website: www.nepaleconomicforum.org Chandni Singh Shayasta Tuladhar P.O Box 7025, Krishna Galli, Lalitpur — Sudip Bhaju 3, Nepal Sujeev Shakya Phone: +977 1 554-8400 Email:
[email protected] Advisory Board: Arnico Panday Contributors: Kul Chandra Gautam Nasala Maharjan Mahendra Krishna Shrestha Raju Dhan Tuladhar Prativa Pandey Sugam Nanda Bajracharya Shankar Sharma Sambriddhi Acharya Shraddha Gautam Sampada Shah Sneh Rajbhandari Sarik Koirala Tanushree Agrawal Senior Distinguished Fellows: Bibhakar Shakya Design & Layout: Giuseppe Savino Thuprai Solutions Suman Basnet
[email protected] Senior Fellows: This issue of nefport takes into account Apekshya Shah news updates from November 16 2020 Ashraya Dixit to February 16 2021.