Gokarna AwasthiBusiness Bureau Chief, Kantipur

Daily

Total GDP- Around 1700 billion Agriculuture- 35% Services- 50% Manufacturing- 7% Others- 8%

GDP Growth Rate- 3.6 % Inflation- 10 % Unemployment rate- 4% Investment- Around 30% of GDP Consumption- 90% of GDP Debt- 14 thousand per person (266b f d)

Income and expenditure framework of the government in a particular fiscal year.

Eco-political document of the ruling party

Total Budget- 517 billion Capital Expenditure - 85 bn. Re- Current- 353 bn. Financing- 78 bn Revenue Target- 354 bn. Foreign Grant- 69 bn. Deficit- 87 bn.

2061/62 2062/63 2063/64 2064/65 2065/66 Tar. Ach. Tar. Ach Tar Ach Tar. Ach. Tar. Ach. Growth 4.5 2 4. 2.3 5 2.5 5 5.56 7 3.9 Inflation 4 4.3 3.9 8 5 6.6 6.4 7.7 7.5 13 Dev. E. 31b 25b 36b 29b 45b 39b 55b 53b 91b 60b  

2066/67 2067/68 2068/69 2069/70 Tar. Ach. Tar. Ach Tar Ach Tar. Ach. Growth 5.5 3.5 5 3.5 5.5 4.6 5.5 3.6 Inflation 7.5 9.6 7.5 9.6 7 8.3 7 9.9 Dev. E. 106b 80b 129b 108b 72b 60b 51b 45b  

Total export-77 billion (FY 2012/2013) Total export- 52 bn. (First 7 months) Total import - 556 billion (FY 2012/2013) Total Import- 392 bn. ( First 7 months) Trade Deficit- 479 bn. (FY 2012/2013) Trade Deficit – 339 bn. ( First 7 months) India alone comprises 63 % of total trade

Growth 1.5% Insecurity Labor Dispute Load Shedding Strikes & Bandas Lack of Special economic Zone Trading Culture

Foreign Employment Around 3 million Nepalese working abroad

expect India Around 1400 youths leave Nepal every day

for employment Nepal received Rs. 434 billion Remittance

last year 90 percent works in Malaysia, UAE, Quatar

and Saudi

Lack of Skilled Manpower Workers r working in a vulnerable working

environment. Passive Economic Diplomacy. Low salary.

◦ Around 800 thousands tourist arrival- 2012◦ Significat growth in 2010◦ 2011 visit Nepal year◦ Lack of connectivity –NAC◦ Strikes and bandas◦ Lack of Skilled Manpower

Around 70 percent Nepalese engaged 32 percent of GDp Livelihood production process Lack of Market Lack of transportation system Irrigation -60 % projects seasonal Non tariff barriers in export Technology constraints 450 thousand ton food deficit (Last year)

Rural Economy◦ Agriculture- Livelihood◦ Agro Based Industry- Small Scale, Lack of

technology and Market◦ Tourism- Government’s Slogan◦ Poverty- Extreme◦ NGO’s influence- Non effective◦ Politically aware

Urban Economy◦ Service Sector◦ Agency Business◦ Financial intermediaries◦ Real Estate◦ Share Market◦ Tourism◦ Less value added economic activities◦ Higher employment then rural areas◦ Vulnerable informal sector for employee

Poverty- 23 percent people below poverty line

Lower Growth- Average 3 to 4 Percent Unemployment- 76 lacs under employed Lower Savings- Around 90 percent of the

incomes spends on consumption High Inflation- Around10 % Previous year

highest in 17 Years

Happiness of the People Employment Creation Increase Investment Conducive Environment Security Strong Government Political Stability Political consensus National Interest

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