Nepal's Economic Survey Shows Decline in Agricultural Growth
Summary
Nepal's economic survey for fiscal year 2082/83 reports a decline in agricultural growth to 1.58%, down from 3.05% last year, with agriculture contributing 24% to GDP. While irrigation has expanded, much arable land remains fallow, though livestock production has improved with increased milk and egg availability.
Key Points
- Agricultural growth rate declined to 1.58% in fiscal year 2082/83 from 3.05% the previous year.
- Agricultural sector contributes 24.0% to Nepal's GDP.
- Irrigation facilities have reached 44.6% of arable land and 62.6% of irrigable land.
- Livestock sector showed progress, with per capita milk availability at 93 liters and egg availability at 56.
- Increase in milk, meat, and egg production aids nutritional security.
