3.7. Trade

♤ Since 1996, Nepal’s exports to India have grown more than eleven times and bilateral trade more than seven times; the bilateral trade that was 29.8% of total external trade of Nepal in year 1995-96 has reached 61.2% in 2015-16.

♤ The bilateral trade grew from IRs. 1,755 crores in 1995-96 to IRs.32294Crores (US$ 4.8 billion) in 2015-16.♤ The Union Budget 2018 increased the funding allocation of Nepal from 375 crores to 650 crores