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Gokarna Awasthi Business Bureau Chief, Kantipur Daily.

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Presentation on theme: "Gokarna Awasthi Business Bureau Chief, Kantipur Daily."— Presentation transcript:

1 Gokarna Awasthi Business Bureau Chief, Kantipur Daily

2  Total GDP- Around 1700 billion  Agriculuture- 35%  Services- 50%  Manufacturing- 7%  Others- 8% Structure of the Economy

3  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)

4  Income and expenditure framework of the government in a particular fiscal year.  Eco-political document of the ruling party

5  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. Budget Current fiscal year

6   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 4.33.9 8 5 6.6 6.4 7.7 7.5 13  Dev. E. 31b25b36b 29b 45b 39b 55b 53b 91b 60b 

7  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 

8  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

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

10  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

11  Lack of Skilled Manpower  Workers r working in a vulnerable working environment.  Passive Economic Diplomacy.  Low salary.

12 ◦ 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

13  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)

14  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

15  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

16  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

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

18 Thank You


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