Bhutan’s economy has improved since 2012 with many indicators trudging an upward trajectory including foreign currency reserve and GDP growth. The Prime Minister, Tshering Tobgay, quoting figures from the National Statistics Bureau said, total GDP has reached 119B and rupee reserve has reached INR 17B.
The Prime Minister said, even as current account deficit may have increased, the overall balance of payment is positive.
“Tourism is growing and we have made huge inroads in the hydropower sector. All that is going to add up to an economic situation that will eventually improve. And trade balance will hopefully come down.”
Lyonchhen also said consumption will increase as GDP increases. “Although there is a deficit in terms of current account, we have been able to maintain a positive balance of payments.”
