Performance of Nepalese Economy

Nepalese Economic growth under limit

Nepalese Economic growth under limit

With the end of every fiscal year, past performance is evaluated and new strategies are developed according. Few days earlier, fiscal year 2069/70 has been finished and the analysis of annual economy’s performance started. The performance of the last fiscal year 2069/70 does not seems to be satisfactory. Trade deficit, inflation and low economic growth have seen as the major challenge for the country.
The government had expected to have an economic growth of 5.5%, but in actuality, growth has stuck on only 3.6%. The production in agricultural goods has been decreased by 3.7% this year while the expansion on non agriculture increased by 4.98%. The Gross Development Product (GDP) of the country has been increased from 15.36 kharba to 17.01 kharba. It seems that the country is in a way of sluggish improvement. Continue reading

Advertisements

Where is Nepal heading?

Where is nepal heading?

Where is nepal heading?

Each individual, since their school class, are taught that Nepal has got the highest potential of economic growth that may easily reach double digit. The huge water resource, natural gift of mountain, river, topographic structure, adventure destinations and hospitality is really the best in this whole world. If only 1/3 of this resource is utilized properly, Nepal could easily reach the path of success.

This has been the story ever since we were reading in class five and no sign of improvement is seen till now. 13 years has been passed, and more than 10 prime minister have already migrated to Baluwatar. But, none of them succeeded to show the path of economic growth to Nepal. Even the situation has more worsened. Nepal has been relegated from developing country to least developed country and the nation has started to depend fully upon the remittance economy. What other could be the factor of shame rather than the act of remittance driven economy. Continue reading