South Asia is one of the fastest growing regions of the world where strong domestic demand accompanied by government consumption and investment drives growth. However, most South Asian countries suffer a ballooning trade deficit as the export lie below their potential. In Nepal alone, the current account deficit rose to 8.2% of GDP in the fiscal year 2018, up from 0.4% the fiscal
year before, due to increased imports for the establishment of local government offices, reconstruction activities, and intermediate goods import for the industrial sector. Closing the export gap and ensuring sustained growth is still a major question for the countries in South Asia.
The neftalk, thus, focused on finding ways to plug the widening trade gap in the region with exclusive recommendations for Nepal.
