KATHMANDU, April 10:Foreign investment has surged four folds in the eight months of the current fiscal year. The Current Economic Situation Report released by Nepal Rastra Bank today states that Rs 8.35 billion foreign direct investment flowed into the country during this period.
As per the report, the FDI in the corresponding period of the last fiscal year was Rs 2.24 billion. The exponential increase in foreign investment is attributed to the additional investment in the hydroelectricity and hotel among other sectors.
Similarly, the report states that inflation is high in the hilly region than in the urban areas. The consumer inflation rate in the hilly area is 5.9 percent, 3.7 percent in the mountainous region, 2.8 percent in the Tarai region and 1.9 percent in the Kathmandu Valley.
The consumer inflation rate in the same period last fiscal year was 10.4 percent in the hilly region, 8.5 percent in the mountainous region, 8.6 percent in the Tarai region and 12.7 percent in the Kathmandu Valley.