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Nepal's decision to ban import of non-essential items may hit India hard

Nepal is India's ninth largest export destination with $9.6 billion of exports to the landlocked country in calendar year 2021

India exports automobiles and parts worth $600-700 million to the Himalayan country every year
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India exports automobiles and parts worth $600-700 million to the Himalayan country every year

New Delhi/Mumbai
Nepal’s decision to ban the import of non-essential items amid depleting forex reserves may hit Indian exports.

The country’s central bank — Nepal Rastra Bank — last week instructed commercial banks

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First Published: Apr 12 2022 | 6:02 AM IST

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