Economic growth rate of State 2 is 3.5 percent

DHANUSHA: SEPT. 12 – The government of State 2 has published the Economic Survey 2077/78, a first of its kind of the Province. According to the economic survey published by the government, the economic growth rate of the State is 3.5 per cent.

This is the first time since the formation of the State Government that the survey has been published, despite the provision to release it every eight months of a fiscal year.

The economic survey has been made public by incorporating details related to the State Government’s efforts to achieve the national goal of economic growth through poverty alleviation, job creation, financial sector reform, economic and financial good governance, said Secretary at the Ministry of Finance, Kashiraj Dahal.

The survey includes indicators on finance, financial sector, poverty alleviation, employment, good governance, general administration, agriculture, forest and land reform, industry, tourism and physical infrastructure. The survey states that agriculture and services have improved despite the negative impact of COVID-19 not only in State 2 but also in the country’s tourism and other sectors.

In State 2, the contribution of agriculture, service and industry sectors to the GDP was estimated to be 39, 50.2 and 10 per cent respectively in FY 2077/78. According to the survey, State 2, which has a 13.3 per cent share at the national level, has also managed to contribute 13.2 per cent to the country’s gross domestic product in the midst of coronavirus pandemic.