Minutes after Finance and Import Minister Ganesh Man Pun, on behalf of government of Nepal, signed the oil treaty with China, putting an end to the exclusive one-way deal with India, Indian Department of Finance has issued a bleak outlook for its 2015 GDP. According to the report issued, India will face a significant economic hardship due to the stoppage of oil export to Nepal - it's only "good friend" neighbor in the subcontinent. To counter the drop, India is considering raising the price of onion and potato exported to Nepal.

Meanwhile, according to our reporters, China's foreign ministry is predicting that GDP of China, that had been trending over 7% increase (despite whatever a sane economist would say), expects to increase by 10% this year because of the treaty.

Badhijanne.

Sajha Onion Economic correspondent.

Kathmandu, Nepal.

Last edited: 28-Oct-15 05:04 PM