Nepal's Economy to Grow 3.85% This Fiscal Year, GDP to Cross Rs 6.6 Trillion
Summary
Nepal's economy is projected to grow 3.85% in fiscal year 2082/83 with GDP reaching Rs 6.6 trillion, though agricultural growth slows while non-agriculture sectors rise.
Key Points
- Nepal's economy is expected to grow 3.85% in the fiscal year 2082/83, down from 4.43% the previous year.
- Gross Domestic Product (GDP) is estimated to reach Rs 66.09 trillion this fiscal year.
- Agriculture's contribution to GDP is declining at 1.58% growth, while the non-agriculture sector is growing at 4.54%.
- Absolute poverty has declined to 20.27%, and social security allowances cover over 3.6 million recipients.
