lem. Which of these two remedies do you think will solve the problem?
After all, if sacrificing Jesus can roll back our sins, shouldn’t two goats be able to fix an airplane?
Nepal is currently in big economic problem. Following are some major problems.
1) According to government data GDP growth is below 2%. In my opinion actually it is negative.
2) Inflation is very high. It is above 7.5% to 8%.
3) Export is declining by 5 to 10 percent every year.
4) Import is increasing 10 to 15 percent every year.
5) There is very little new investment. Almost nil.
6) Currency is fixed with Indian currency.
7) Fuel prices are fixed since last two years. State owned Nepal Oil Corporation is loosing about 1.5 million US Dollars every month.
Rigid labor policy. Minimun wages increases every year.
9) Lot of labor force is going outside country every year for work.
10) 40% to 50% government budget is based on foreign assistance.
11) Enough foreign exchange reserve only due to remittance from outside.
12) Political unrest.
Anyone suggest me how to solve this economic crisis.