In FY 2014-15 the sector witnessed a 0.8% growth whereas the projection for FY 2015-16 stands at 1.3%.
Birgunj’s economy has slowly begun to show signs of revival following the blockade.
A mixture of pessimism and hopefulness defined the mood of hotel and restaurant operators, transporters, travel agents, local businesses and residents of Pokhara.
Given the prevalence of distressing economic turmoil in current times, the ease of doing business has plummeted down to the lowest.
If one sector has really been pushed to innovate by the earthquake, it is the ICT sector.
Given the overwhelming response from the international community, credibility of government institutions becomes more important than ever.