Gopal Sharma/ Manoj Kumar/ Reuters

The contributor for Republica.

India’s demonetization drive drags down Nepal’s economy

Published On: December 15, 2016 08:56 AM NPT By: Gopal Sharma/ Manoj Kumar/ Reuters

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.