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Economy

Nepal growth stymied by quake, Indian border blockade

There is speculation in Kathmandu over whether last year's earthquakes did less damage to Nepal’s economy than a blockade on trade with India carried out later by a disaffected minority.

NEW DELHI -- A year on, earthquake-shattered Nepal announced on Tuesday the downgrading of its growth forecast for the year ending July 15 to just 0.77% from a hoped-for 2% -- its weakest performance since 2002.

"A major factor in the downgrade is the border blockade with India," Pramodraj Regmi, a spokesperson for the Central Bureau of Statistics, told the Nikkei Asian Review on Wednesday.

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