The main points of the economic review of the current financial year 2022-23 have come out.
According to the document, the economic growth rate for the current fiscal year was 0.29 percent, the target of the economic growth rate for the current fiscal year was 5.01 percent.
The growth rate of agriculture sector was 1.55 percent, the target of growth rate of agriculture sector was set at 3.9 percent.
Severe floods have adversely affected agriculture and other economic sectors, with crop growth at a negative 2.49 percent.
In the current financial year, the growth of major crops stood at negative 3.20 percent, while the growth target of major crops was fixed at 3.5 percent.
The growth rate of the transportation and storage sectors was 4.73 percent, against the growth target of 4.5 percent for these sectors.
The growth rate of hotels and restaurants was 4.11% as per the target.
The growth of information and communication sectors was 6.93 percent, the growth target of these sectors was 6 percent.
The growth of financial and insurance sectors was negative at 3.83 percent, the growth target of financial and insurance sectors was 5 percent.
Real estate activity grew at 3.72 percent, against the sector’s growth target of 3.8 percent.
The growth of education sector was 4.9 percent, the growth of education sector was 10.44 percent against the target.
The growth of human health and social work activities was 8.49 percent, the growth target for these activities was 3 percent.
According to the Economic Survey, the growth rate of other private services was 5 percent.
In this financial year, the country’s economy faced natural calamities like floods, economic growth was low due to floods and political instability.
Due to the Russia-Ukraine war, an increase in commodity prices was recorded at the global level, due to which an increase in the inflation rate was recorded.
Inflation rate was recorded up to 29% from July to March of this financial year.
In the current fiscal year, the volume of GDP was recorded as more than 84 thousand 600 billion.
During the current financial year, the target of exports could not be achieved.
In this financial year, July to May, the exports were 25 billion 36 million dollars.
Industrial activity contributes 21.68 percent and services sector 54.27 percent in the country’s economy.
The economic survey of the current financial year 2022-23 will be presented tomorrow at 4:30 pm.
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