LBEF RESEARCH JOURNAL OF SCIENCE, TECHNOLOGY AND MANAGEMENT

Author(s):Amrita B.K., Suman Bhattacharya

Abstract:This study investigates the relationship between “financial liberalizations, remittance and economic growth of Nepal”, and remittances in developing countries, specifically in Nepal. The crucial role that remittances from migrant workers play in accelerating income and growth is contrasted with financial liberalization, which aims to increase private sector participation in financial markets some of the literature review and base paper were used to investigate the research describe about financial liberalization and remittance and their impacts on the growth of the nation or economy over different nations. Also, depth discussion on research and methodology covering the research framework, research philosophy, research approach (deductive and inductive approach), methodology, data, research strategy, instrumentation, source of data collection, time horizon, sampling, data analysis, data processing, and ethical considerations. To provide a credible result, reliability calculations and other statistical tests were performed using SPSS. The findings show a strong correlation between economic growth of Nepal with remittance, financial liberalization and remittance exchange rate. The findings underscore the considerable contributions of financial liberalization and remittances to Nepal’s economic growth. Implications for policymaking underscore the need for balanced strategies and financial literacy initiatives to harness the full potential of remittances and financial liberalization for economic advancement. This research contributes valuable insights to guide policy formulation, promoting a nuanced understanding of these dynamic economic drivers in Nepal.

Keywords – Financial liberalization, remittances, economic growth Nepal, remittance exchange rate.