Janakpur, May 21: The economic growth rate in Madhes Province is projected to remain weak in the current fiscal year due to relatively low contribution of paddy, fishery and forestry sectors, in addition to the negative growth in the agriculture sector.
This is indicated in the macroeconomic indicators related to provincial gross domestic product (GDP) released by the National Statistics Office, Statistics Coordination Office, Dhanusha, on Wednesday.
Statistics Officer Nara Bahadur Kunwar shared that the province would achieve the lowest economic growth rate in the past three years as insufficient rainfall has negatively impacted paddy and fish production.
The economic growth rate was 3.18 per cent in the fiscal year 2080/81 BS and 2.72 per cent in the fiscal year 2081/82 BS in Madhes Province.
According to the Office, the economic growth rate is decreasing due to negative impacts on Madhes’s agro production for two consecutive years.
Similarly, the preliminary estimation indicates that Madhes Province’s contribution to the national gross domestic product would be 13.1 per cent in fiscal year 2082/83 BS.
On the occasion, member of Provincial Policy and Planning Commission, Raj Kishor Singh, opined that such problem has surfaced due to decrease in agriculture sector’s contribution in Madhes Province.
Agriculture, education, health, infrastructure and social development would be prioritized in coming budget, he added.
