Economice survery predicts 7 percent economic growthin current fiscal year

Kathmandu, May 27:    The government has predicted the seven percent economic growth rate in the current fiscal 2075-76 BS.

An economic survey report of the past eight months of the current fiscal presented by the government today before the House of Representatives noted that inflation rate on overage during this period will remain at 4.2 percent.

The report unveiled by Finance Minister Dr Yuba Raj Khatiwada stated that most economic, social and physical infrastructure development indicators in the current fiscal are encouraging.

Minister Khatiwada reported that the nation’s economy is making its headway towards a high growth due to improvement in investment atmosphere, political stability at home, regular power supply and a rise in development efforts at the local level.

The report projected the population living below the absolute poverty line will decrease to 18.7 percent from existing 21 percent.