Export to India increases

KATHMANDU: Exports to India have increased. The export to India has gone up by 35.8 per cent in the three months of the current fiscal year.

Nepal Rastra Bank (NRB), the central bank, stated that the trade deficit with India has decreased with the increase in export to the southern neighbour in the last three months.

The trade deficit with India last fiscal year was Rs 764.3 billion. Export to India until October 17 in the fiscal year 2019/20 was equivalent to Rs 27.17 billion.

Nepal's export to India includes palm oil, cardamom, ayurvedic medicines, jute products, yarn (polyester and others) which has increased.

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