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The fiscal deficit is projected to be 9.5% of GDP in 2020/21 -- compared with a budgeted 3.5% -- narrowing to 6.8% in 2021/22 and 4.5% by 2025/26. The government is counting on…
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DOI: 10.1108/OXAN-DB259393
ISSN: 2633-304X
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Meanwhile, the government is under pressure to raise expenditure to help ease the pandemic-related economic crisis. Delhi is reluctant to borrow more, as an increase in public…
Some observers fear Nepal could soon end up in a full-blown economic crisis such as that now affecting Sri Lanka, which recently suspended external debt servicing. Kathmandu, like…
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DOI: 10.1108/OXAN-DB270224
ISSN: 2633-304X
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Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…
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DOI: 10.1108/OXAN-DB266266
ISSN: 2633-304X
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On the international front, India remains embroiled in a border stand-off with strategic rival China. The economy, meanwhile, may be slowly pulling out of its pandemic-related…
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DOI: 10.1108/OXAN-DB257515
ISSN: 2633-304X
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Modi came to power promising liberalising reforms and has staked his reputation on creating a USD5tn economy by 2024. The economy has taken a severe hit from the fallout of the…