Nepal's Economy Faces Internal Challenges Despite Positive External Indicators

Looking at the fiscal year 2082/83 from an economic perspective, the external sector of the economy appears positive. According to the central bank, the total foreign exchange reserves have now reached 37 kharba 55 arba 64 crore rupees. This reserve is 61.5 percent of the Gross Domestic Product (GDP).

For an economy like ours, this is sufficient. It can cover the purchase of foreign goods and services for approximately 19.1 months. Meanwhile, in the last eleven months, the number of Nepalis who obtained final labor approval for foreign employment was 367,211, and those who obtained re-approval was 355,735. In the same period last year, these numbers were 452,324 and 308,067 respectively. In this period, 21 kharba 20 arba 80 crore rupees in remittances have entered the country, which is an increase of 38.2 percent compared to the same period last year. Therefore, our balance of payments situation is also positive.