AGP Executive Report
Last update: 9 hours agoAir Connectivity: Air India and Drukair-Royal Bhutan Airlines signed an interline partnership enabling single-ticket travel between India and Bhutan, with coordinated baggage transfers via Delhi and onward links to Paro, Bumthang, Gelephu and Yonphula—plus access to Air India’s wider SAARC and international network. Digital Payments: Bank of Baroda launched “UPI Global Reverse Acceptance,” letting eligible international visitors and overseas Indians pay at Bank of Baroda UPI QR merchants across India using their home-country payment apps (including Bhutan) without setting up an Indian app. Startup Scene: Nearly 100 global entrepreneurs and investors gathered in Thimphu for YZi Labs’ EASY Residency “The Convergence,” with demo and discussions focused on cross-border payments, fintech and AI. Investment & Growth: Bhutan’s economy is projected to grow 6.21% in 2026 as private investment, energy projects and tourism offset slower hydropower and weaker construction; foreign investment approvals rose beyond hydropower, with 19 of 21 FDI projects outside hydropower last year. Cost of Living: Bhutan’s annual inflation climbed to 6.83% in July, driven by faster non-food price growth alongside food inflation. Public Accountability: The Royal Audit Authority adopted a results-oriented 2026-27 operational plan, stressing measurable performance, digital transformation and stronger audit impact.
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