Economic indicators are normalizing: Finance Minister

Kathmandu (Rashtriya Samachar Samiti): The government has made it clear that the economy, which has been weakened by the Corona pandemic for the past two years, is becoming normal gradually.

Presenting the fact that the economic activities affected due to the Covid-19 epidemic are normalizing, the government has made public the details that about 98 percent of the industries and businesses have come into operation and the service sector is gradually improving.

At a press conference held at the Ministry of Finance today, Finance Minister Janardan Sharma said that the registration of the industry and foreign direct employment were gradually improving.

He expressed confidence that this would have a positive impact on economic growth.

He also said that the reduction in gold imports, additional interest incentives on remittance inflows through banks, and commitment to receive foreign aid would help manage the external pressures of the economy.

Stating that the Ministry of Finance highly appreciated the suggestions received from various media and sectors regarding the economy and economic indicators, he expressed his determination to take further steps as per the need by closely monitoring the current state of the economy.

The economic growth rate is targeted at 7 percent in the current fiscal year. As the overall indicators of the economy remain positive, it is hoped that the government will come closer to its expected target.