KATHMANDU: The Nepal Rastra Bank (NRB) has projected a comprehensive growth of 4.5 percent in the service sector in the current fiscal year as part of the review of its third monetary policy.
NRB has highlighted improvements in the transportation and storage sub-sector, as well as wholesale and retail trade, among others, contributing to the growth in the service sector.
NRB’s review has noted the recent improvements in tourist arrivals has surpassed the figures before the COVID pandemic.
“Within the first four months of 2024, approximately 100 thousand more tourists have entered Nepal,” the NRB review stated.
NRB has expected the surge in tourist inflow to boost the economy through employment and income opportunities.
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