ADB Forecasts Positive Economic Outlook for Bhutan

The Asian Development Bank (ADB) has projected Bhutan’s economic growth at 5.5% for the upcoming fiscal year, indicating a positive outlook for the country’s economy. This growth is attributed to developments in the hydropower sector, increased tourism, and governmental initiatives to attract foreign investments. The ADB report highlights Bhutan’s potential in clean energy and the importance of market access in driving economic expansion. However, it also emphasizes the need for sustainable practices to ensure long-term growth and environmental conservation.

By Sonakshi Sarkar