The economic growth rate of Far West is estimated to be the lowest

Jestha 31, 2082

Arjun Shah

The economic growth rate of Far West is estimated to be the lowest

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Presenting the economic survey of 2081/082 on Friday, the Sudurpaschim province government estimated that the economic growth rate will be the lowest compared to the province. The economic growth rate of Far West is estimated to be 3.28 percent in the last fiscal year, but it is expected to be 3.32 percent in the current fiscal year.

The economic growth rate of Karnali, which was the lowest last year, is expected to reach 4.74 percent in the current financial year. The economic growth rate of Gandaki province is estimated to be the highest. In the current financial year, the economic growth rate of Gandaki will reach 5.51 percent. Economic Affairs Minister Bahadur Singh Thapa has mentioned that the economic growth rate of Nepal is estimated to be 4.61.

The gross domestic product of the Far West compared to the previous financial year in the current financial year  An economic survey has estimated an increase of 22 billion 87 crores in 081/82. It is estimated that the gross domestic product of the current fiscal year will be 4 trillion 29 billion 62 billion while last year it was 4 trillion 6 billion 75 billion. which will contribute 7.03 percent to the national product of Far West. 

In the Far West, the gross domestic product per capita in the last fiscal year was 1,122, and it is estimated to increase by 2.76 percent to 1,153 in the current fiscal year. Minister Thapa said that Nepal's gross domestic product per capita is estimated to be 1,496. It is estimated that the contribution of agriculture, forestry and fisheries sector to the gross domestic product of this province will increase over the last financial year.

was 33.66 percent in the last financial year and it is estimated to be 34.72 percent in the current financial year. It is estimated that the contribution of the hotel and restaurant sector in this province will increase in the current financial year. Similarly, it is estimated that the real estate business, which is expected to contribute 2.62 percent, will decrease. Last year it was 2.77 percent and it is expected to drop to 1.41 percent in the current financial year. 

According to the economic survey presented by the government, the capital expenditure till 081 Chaitra has decreased by 16.7 percent compared to the same period of the last financial year. It is recorded that the capital expenditure was only 3 billion 92 million 57 million till the end of March. 

The number of electronic banking users has increased by 27.72 percent from last year to 23 lakh 60 thousand 594. During this period of last financial year, it was 18 lakh 67 thousand 863. Deposit collection of this province is 1 trillion 44 billion and loan disbursement is 1 trillion 53 billion. There are eight hundred and 49 banks and financial institutions in Sudurpaschim and the share of Sudurpaschim is 2.82 percent. 

In 081/82, 640,000 metric tons of rice has been produced in an area of ​​153,000 hectares of paddy in Far West. The availability of meat production has also increased in this province. In the last fiscal year, it was 12.2 kg per person, and in the current fiscal year, it has reached 15.74 kg. 

Till March, 2 billion 646 million has been invested in the industrial sector in this province and the number of industries has reached 1 thousand 631. The number of tourism businesses operating with the approval of the provincial government has reached 31. Under which the number of tours and travels is 13, the number of homestay is 15. Similarly, the number of public schools in this province has decreased while the number of institutional schools has increased. 

In the current fiscal year, 318 km of road construction has been added in Far West. Under which, 120 km of tarmac, 57 km of gravel and 142 km of clay roads have been constructed. It has been mentioned in the economic survey that 86 percent of the population of this province has access to electricity services. 

Arjun

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