Kathmandu. The contribution of the agriculture sector to the country’s GROSS domestic product (GDP) has increased, while the contribution of industry and service sector has decreased. According to the ‘Economic Survey 2081/82’ presented by Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel in the Parliament today, the contribution of agriculture to the GDP is expected to increase in the current fiscal year.
Agriculture contributes 25.16 per cent, industry 12.83 per cent and service sector 62 per cent to gdp in the current fiscal year. It is estimated to be 01 per cent,” the Economic Survey said. The contribution of agriculture sector to GDP in the last fiscal year was 24. 71 percent, industry 12.91 percent and service sector 62.38 percent. The contribution of the service sector to gdp seems to be high.
Nepal’s economy is expected to grow at 4.61 percent in the current fiscal year due to the growth in agriculture, electricity and gas, transport and storage sectors. In the last fiscal year, the growth rate was 3. It was 67 percent.
According to the Economic Survey, the size of Nepal’s economy is expected to reach Rs 6.17 trillion in the current fiscal year. Gandaki State is expected to grow at 5.51 per cent and Sudurpaschim State at 3.32 per cent in the current fiscal year. Similarly, 3. 36, Madhes 4. 50 percent, Bagmati 5.18 percent, Lumbini 4.70 percent and Karnali Province 4 percent. It is estimated to be 74 percent.
According to the Economic Survey, the production of agriculture sector is expected to increase by 3.28 percent and that of non-agricultural sector by 4.28 percent in the current fiscal year. In the last fiscal year, the production of agriculture sector was 3. 35 and production of non-agricultural sector 3. It had increased by 36 percent. Rice production this year is 4. It is expected to increase by 04 percent.
The share of total consumption in gdp is high. The total consumption of gdp was 93.78 percent in the last fiscal year. It is estimated to be 45 percent. In the last fiscal year, gdp savings were 6.22 percent of GDP. It is expected to reach 55 percent.
Total fixed investment in fy 2080/81 is 5. There has been an increase of 2 percent in the current fiscal year. It is estimated to increase by 8 percent to Rs 1,470.12 billion. Out of the total fixed investment, the share of the public sector is 39. 1 percent and private sector’s share 60 percent. 9 percent.
The per capita gross national income (at prevailing prices) is expected to increase by 5.8 per cent to Rs 206,424 in the current fiscal year. Similarly, fiscal year 2080. The per capita gross national income is expected to increase from $1,467 to $1,517 in the current fiscal year.
The average consumer inflation has come down to 4.72 percent in the current fiscal year due to the decrease in the price of crude oil in the international market and the decrease in the inflation of neighboring countries. The inflation was 6.08 percent in the last fiscal year.
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