The government estimates Nepal's Gross Domestic Product grew by 5.8 percent in fiscal 2000/01 down by 0.6 percentage points from the previous year. Agriculture grew by about four percent and the non-agricultural sector by 6.9 percent. The GDP growth in 1999/00 was 6.4 percent (agriculture five percent and non-agricultural sector 7.4 percent). The projections in the Economic Survey are based on the performance in the eight-months of fiscal 2000/01. Agriculture accounts for about 40 percent of the GDP and a drop in food grain production, down to 2.7 percent from eight percent last year, was the reason for the decline. Production of cash crops grew slightly, by 7.3 percent compared to the seven percent growth in 1999/00.
Glad GDP tidings
Business Briefs | From Issue #51 (July 13-19, 2001)
