Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

ADB outlook forecasts country’s economy growth at 8.5 per cent this year

April 14, 2025
in Economy, Other Stories
Reading Time: 2 mins read
0
0
SHARES
569
VIEWS
Share on FacebookShare on Twitter

The country’s economy is expected to grow at 8.5 per cent this year, according to the Asian Development Outlook released today. The Asian Development Bank’s report revealed that the growth is driven by major hydropower projects and a recovery in the tourism sector.

According to the Asian Development Outlook, the industry sector will be the key driver of the country’s economic growth, contributing 18.6 per cent this year.

This increase is attributed to the commissioning of the Punatsangchhu Hydropower Project II and the start of construction of the Khorlochhu Hydropower Plant this year.

However, the industry sector is likely to experience decelerated growth by next year, slowing overall economic expansion. This is because the contributions from the Hydropower Projects are expected to decline compared to the initial surge from their commissioning and construction.

With international tourist arrivals on the rise, the outlook forecasts the tourism sector to grow by 4.9 per cent.

Moreover, the agriculture sector is expected to continue to grow, boosted by forestry and logging activities. The government’s decision to permit timber exports from the beginning of this year is expected to further support the growth in the sector.

The inflation rate in the country is expected to rise to 3.4 per cent, an increase of 0.6 per cent as compared to last year. The inflation will be caused by increasing food prices.

The ADB report also states that the country’s economy grew by 5.5 per cent last year, up from 4.9 per cent in 2023. The growth was mainly due to an increase in public investment and forestry activities, which provided a boost to the agricultural sector.

Karma Samten Wangda/Deki Lhazom

Edited by Sangay Chezom

Previous Post

To promote and preserve Tsharzo, Choki Traditional Art School launches foundation class

Next Post

Monks begin IT classes to bridge the digital divide, Phuentshogling

Next Post
Monks begin IT classes to bridge the digital divide, Phuentshogling

Monks begin IT classes to bridge the digital divide, Phuentshogling

Nimazor farmers shift to ginger farming after citrus greening wipes out orange orchards

Nimazor farmers shift to ginger farming after citrus greening wipes out orange orchards

Three Demkhongs of Samdrup Jongkhar to have reliable water supply soon

Three Demkhongs of Samdrup Jongkhar to have reliable water supply soon

RECOMMENDED NEWS

2023 National Council Elections to be the costliest NC elections to date

2 years ago
4
Her Majesty Queen Mother Sangay Choden Wangchuck celebrates Women’s Day at Tech College

Her Majesty Queen Mother Sangay Choden Wangchuck celebrates Women’s Day at Tech College

1 year ago
6
Dewathang’s Gayzor village to get additional water source

Dewathang’s Gayzor village to get additional water source

2 years ago
1
Mock drill preparing airport staff for emergency- Paro

Mock drill preparing airport staff for emergency- Paro

3 years ago
12

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (277)
  • Education (412)
  • Entertainment (13)
  • Environment (60)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (6)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (515)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September
  • Bhutan begins NFT sales, to preserve heritage
  • City bus viability raised in parliament, MoIT minister cites past privatisation failures
  • Paro MP questions airport expansion impact on affected landowners

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.