Wednesday, June 17, 2015

QUAKES RATTLE DOWN THE ECONOMIC GROWTH
IT was projected to hover the economic growth 4.58%  but after the earthquake..it iThe earthquake lowers down the economic growth..which is lowest in 7 years.IT s assumed to be 3.04%.which is sad to say but it is the true reality of nepal..The contry's GDP_the sum of all goods and services produced in ayear_was expected to stand rs.2.16 trillion prior to the earthquake.That figure has down revised down to 2.12 trillion.
In 2006-2007 where  growth rate stands only by 2.75%.Now it stands for 3.04%.As per the revised estimate of the CBS the economic growth was 5.05%There are numerous effect in many sectors...like in financial sector it e slows down to the 1.37% from 2.01%.The largest contribution 31% from agriculture and forestry sector.Although the harvesting season is over but...the big but..the poultry and husbandary.......livestocks sectors where production.of milk and meat is expected to fall.These causes may higher the mortality rate.because of shortage of feeds and lack of proper shelter.
But the only factor that is benefitted from disaster is healthservice which increased 10.04 from last estimated to 9.82%.The percentage wont lift the economy growth because its contribution to the GDP stands at mere 1.70%.The production of goods and services has reduced due to the earthquake..it lowers down the income people by 2,319 from pre earthquake level.
TOURISM SECTOR
The tourism sector is affected more by earthquake.The tourism board facing the loss of 44 billion.....The earthquake stood the great challenge...for the earthquake...