Finance Minister Mahat Optimistic about Economic Recovery: Stock Market and Real Estate Show Positive Signs

Finance Minister Prakash Sharan Mahat expressed optimism about the country's economic outlook, citing positive indicators from the stock market and the real estate business. Speaking to journalists at Bharatpur Airport on Tuesday, Mahat emphasized that the improving trends in these sectors are strong indicators of overall economic growth.

"The stock market is gradually rising, and there is notable improvement in the real estate business. With a significant influx of tourists and the potential for profit in infrastructure investment, I am confident that the economy will improve," stated Minister Mahat.

He highlighted the balanced foreign exchange reserves and the steady inflow of remittances, identifying them as contributing factors that will further support economic progress in the days ahead. Mahat urged for concentrated investment in the tourism sector, emphasizing its untapped potential for economic development.

Mahat also addressed the positive shift in perception, stating that the negative propaganda discouraging investment in Nepal is diminishing. "The environment for investment has been created, and despite attempts to disrupt it, the economy has progressed. Investor confidence is on the rise," he asserted.

Acknowledging the challenges faced by Nepal Rastra Bank, Mahat tempered his earlier criticism and noted positive developments. "The policy interest rate has decreased, impacting banks positively. The government is supporting those with good intentions. Counteracting self-interested propaganda is crucial, and everyone should commit to repaying bank loans," Mahat stated, expressing support for financial institutions working with integrity.

As the Finance Minister remains upbeat about economic recovery, the government's focus on sectors like tourism and infrastructure is expected to play a pivotal role in driving future growth.