In the financial year 080/81, the contribution of the industrial sector to the Gross Domestic Product (GDP) of Gandaki Province was 16.8 percent. The contribution of the industrial sector has decreased in the last financial year as compared to the previous financial year. In the financial year 079/80, the industrial sector contributed 17.4 percent to the province's GDP.

By the financial year 080/81, the total number of industries registered in Gandaki province has reached 73 thousand 766, while the number of commercial firms is 74 thousand 319. However, the economic activity study of Nepal Rastra Bank has shown that there is a significant presence of small and medium industries in the industry sector in this province. 

In the financial year 080/81, the average capacity utilization of industries in Gandaki province is 39.2 percent. The capacity utilization of industries has decreased by 3.2 percentage points compared to the same period of the previous financial year. During that period, the contribution of industries with higher than average production capacity in this province was biscuit 69.49, beer 57.54, liquid medicine 50.79, mustard oil 50.09, cigarette 49.63, chocolate 49.06, cement 45.63 and brick industry. is 41.02 percent. 

Similarly, the contribution of tablet medicine 36.63, capsule medicine 34.49, processed milk 25.41, noodles 21.71, ointment medicine 11.28 and dry syrup medicine is 6.09 percent for industries with below average production capacity. .

Similarly, in this financial year, cement industry has increased by 12.10, ointment medicine 11.07, biscuit 10.65, processed milk 4.81, mustard oil 3.11 and cigarette production by 2.32 percent. However, during the same period, brick 36.46, chocolate 34.20, noodles 25.95, dry syrup medicine 18.73, beer 9.93, tablet medicine 8.63, liquid medicine 7.84 and capsule medicine by 3.65 percent. It is mentioned in the report that there is a shortage.

According to the economic survey of the financial year 080/81, 143 thousand 408 people are getting employment in the industries operating across the country. Out of which 11 thousand 467 people have got employment in the industries of Gandaki province alone. 

In the financial year 080/81, the size of the national economy (GDP) is 57 trillion 5 billion. In which the contribution of Gandaki province is 9.1 percent. Bagmati province has the highest contribution of 36.4 percent to the national economy, while Karnali province has the lowest contribution of 4.3 percent.

Similarly, Koshi has 15.8 percent, Lumbini 14.3 percent, Madhesh 13.1 percent and Sudurpaschim 7.1 percent. Compared to the previous financial year, the contribution of Koshi, Madhesh, Karnali and Sudurpaschim provinces in the last financial year's gross domestic product has decreased marginally, while the contribution of the rest of the provinces has increased. 

In the financial year 080/81, Gandaki province is the first in the growth rate of GDP. During that period, the economic growth rate of Gandaki province was estimated to be 4.55 percent by the National Statistics Office. The second state with the highest economic growth rate is Lumbini. The economic growth rate of this province is 4.05 percent. According to which, the economic growth rate of Bagmati province was projected to be 3.96, Koshi 3.51, Madhesh 3.78, Karnali 3.39 and Sudurpaschim 3.41 percent. 

In terms of consumer prices, the national GDP growth rate was estimated to be 3.87 percent, which was higher than the national growth rate of Gandaki, Lumbini and Bagmati provinces and lower than the national growth rate of the remaining provinces. 

In the financial year 080/81, Bagmati contributed the most to the GDP per capita and Madhesh contributed the least. According to which, in the last fiscal year, per capita GDP in US dollars was 2,484 in Bagmati, 1,557 in Gandaki, 1,336 in Koshi, 1,159 in Lumbini, 1,111 in Sudurpaschim, 1,111 in Karnali and 1,666 in Madhesh. There are 892. The mentioned data shows that the per capita GDP of other provinces except Bagmati and Gandaki provinces is lower than the national average.

Banks and financial institutions in Gandaki province have invested 31 billion 1 crore rupees in the industry of this region till the end of June last financial year. Compared to the previous financial year, the industrial credit decreased by 17.27 percent last year. Of the total loans provided by banks and financial institutions in this province, the share of industrial loans is 8.88 percent. 

Out of the total loans in the industry, the highest amount was 9.34 billion (30.14 percent) in non-food product production, 9.11 billion (29.38 percent) in construction, 8.98 billion (28.8 percent) in agriculture, forestry and beverage production. .98 percent), 2 billion 59 million (8.38 percent) in metal products, machinery and electronic products, 59 million (1.92 percent) in electricity, gas and water production and 37 million in mining production (1.21 percent) is loan investment.

Gandaki Economic Triangle Project, Make in Nepal and Made in Nepal campaign included by the government in the budget of the current financial year 081/82 and the development of infrastructures including roads, electricity, transmission lines and internet services necessary for various industries, etc. There seems to be good potential for the development of the industrial sector. Various government reports have pointed out that this province has good prospects in the fields of agriculture, tourism and hydroelectricity, so there is a high possibility of increasing production, income and employment through the establishment and operation of industries related to these sectors. 

There is a possibility of mining uranium, iron, limestone, etc. in this province, so there is a great possibility to develop mineral industries. "In the context of the fact that the number and production of food products such as biscuits and noodles in Gandaki Province is high, if the production of such products can be strictly encouraged, it is possible to become self-sufficient in these products and earn foreign currency through export," said the economic activity study report of Nepal Rastra Bank. , 'Prioritizing the use of indigenous products and promoting domestically produced materials in the use of necessary materials in government and non-governmental organizations, it seems that domestic production will increase further.'

By becoming self-sufficient in basic industrial production, there is a possibility of promoting the export of industrial products and replacing imports by emphasizing on the agricultural sector and industrial production based on local resources, tools and skills. Since the presence of banks and financial institutions in this province is good, it is easy to invest in industries and there is a lot of potential for financial expansion. 

Although there is a lot of potential for industrial development in this province, challenges have also arisen due to the lack of suitable policies and the lack of effective implementation of existing policies. According to which, since the production capacity of most of the industries operating in this province is low (average production capacity utilization is 39.2 percent), it is necessary to provide other physical infrastructure such as electricity, availability of raw materials, proper market for indigenous products, etc. to operate such industries at full capacity. Another challenge here is lack of skilled and skilled manpower required for the industry, migration of manpower abroad and high land prices.