© All rights reserved. NepalKhabar

Business

16th Five-Year Plan sets target of 7.3 % economic growth and US $2,351 per capita income

Nepalkhabar

Nepalkhabar

 |  Kathmandu

The 16th Five-Year Plan has been made public after it was endorsed by the Council of Ministers.

According to the 16th Fifth-Year Plan, the economic growth is projected to reach at 7.3 percent in the fiscal year 2085/086.

The current economic growth rate for the FY 080/081 is 3.9 percent. Similarly, the economic growth rate is projected to be at 3.9 percent in fiscal year 2080/81, 6 percent at FY 081/82, and 6.6 percent in  FY 082/83 and 7.4 percent in FY 083/084, 7.9 percent in FY 084/85 and 7.3 in 085/086.

In average, the economic growth rate of the 16th Five-Year Plan is projected to remain at 7.1 percent.

Similarly, the Fifth-Year Plan has set a target of US$ 2,351 in per capita income from the current US $ 1,456.



Comments

Related News

Commuters question mere 2% fare cut despite massive drop in fuel prices

Despite a heavy reduction in fuel prices by the Nepal Oil Corporation (NOC), commuter and freight t…

Finance Minister directs SEBON Chair to prioritize investor protection, market reform

Minister for Finance, Dr Swarnim Wagle, administered the oath of office and secrecy to newly appoin…

Nepal forms Parliamentary Friendship Group with Azerbaijan

Nepal has formally established a Nepal-Azerbaijan Parliamentary Friendship Group, marking a new ste…

10,845 EVs worth Rs 25.55 billion imported in 11 months of current FY

Ten thousand eight hundred and forty-five electric vehicles worth Rs 25.55 billion have been import…
Copyright © 2021 Nepalkhabar. All Rights Reserved. Designed by Curves n' Colors. Powered by .