Foreign Trade of Nepal: An Outline of India and Overseas Economies

Authors

  • Yadav Mani Upadhyaya Tribhuvan University
  • Khom Raj Kharel Tribhuvan University
  • Omkar Poudel Tribhuvan University

DOI:

https://doi.org/10.3126/sj.v12i12.46167

Keywords:

foreign trade, export, import, impact, GDP

Abstract

Background: This article seeks to explain the current status of Nepal's involvement in foreign trade. The major objective of this research is to look into Nepal's present foreign trade situation with India and the rest of the world

Methods: The study used a 29-years of time series data related to foreign trade, breaking down global foreign trade, Indian foreign trade, and overseas foreign trade one by one. Graphs, a simple regression model, and a log linear model are used for analysing the data.

Results: This study found a positive relationship between economic growth and both imports and exports. However, an export equal to one million can generate only 0.00133 million income for Nepal. Also, imports generate only 0.03451 million revenue of Nepal which is very low.

Conclusion: Foreign trade is essential for Nepal's economic growth, yet it is still a long way off.

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Author Biographies

Yadav Mani Upadhyaya, Tribhuvan University

Assistant Professor of Economics, Tribhuvan University.

Khom Raj Kharel, Tribhuvan University

Associate Professor of Economics, Tribhuvan University

Omkar Poudel, Tribhuvan University

Assistant Professor of Economics, Tribhuvan University

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Published

2021-12-31

How to Cite

Upadhyaya, Y. M., Kharel, K. R., & Poudel, O. (2021). Foreign Trade of Nepal: An Outline of India and Overseas Economies. Saptagandaki Journal, 12(1), 7–20. https://doi.org/10.3126/sj.v12i12.46167

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Articles