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India’s demonetization drive drags down Nepal’s economy

India’s demonetization drive drags down Nepal’s economy

KATHMANDU/NEW DELHI, Dec 15: India’s scrapping of high-value bank notes last month has dragged down economic growth in neighboring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.

KATHMANDU/NEW DELHI, Dec 15: India’s scrapping of high-value bank notes last month has dragged down economic growth in neighboring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.