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Political Stability Having Positive Impact on Nepal's Economy
1 min 14 sec to read
May 28: The government has concluded that political stability is having positive impact on the country’s economy. The conclusion of the economic survey of the fiscal year 2017/18 was presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Sunday, May 27.
The survey made annual forecast on the basis of overall economic index of the first eight months of the current FY. The survey has mentioned that the economy is headed towards positive direction because of the improvement in power supply system, increase in availability of energy, improvement in the pace of construction and expansion of business area.
A favourable environment for economic activities has been created after the political parties with different ideologies unified for the economic prosperity of the country with the successful completion of three tiers of elections in Nepal.
Hari Bhakta Sharma, president of Confederation of Nepalese Industries said that Nepali politics has successfully tackled its internal struggle which has created hope for better economic prospects.
"How the government will implement economic possibilities in the budget is an important part to see. There is space for hope and we are waiting on how it will be implemented,” Sharma added.
According to the economic survey, the country has seen an average of 4.3 percent economic growth in the last one decade which can increase to 5.9 percent.
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'title' => 'Political Stability Having Positive Impact on Nepal's Economy',
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'summary' => 'May 28: The government has concluded that political stability is having positive impact on the country’s economy. ',
'content' => '<p>May 28: The government has concluded that political stability is having positive impact on the country’s economy. The conclusion of the economic survey of the fiscal year 2017/18 was presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Sunday, May 27.</p>
<p>The survey made annual forecast on the basis of overall economic index of the first eight months of the current FY. The survey has mentioned that the economy is headed towards positive direction because of the improvement in power supply system, increase in availability of energy, improvement in the pace of construction and expansion of business area.</p>
<p>A favourable environment for economic activities has been created after the political parties with different ideologies unified for the economic prosperity of the country with the successful completion of three tiers of elections in Nepal.</p>
<p>Hari Bhakta Sharma, president of Confederation of Nepalese Industries said that Nepali politics has successfully tackled its internal struggle which has created hope for better economic prospects.</p>
<p>"How the government will implement economic possibilities in the budget is an important part to see. There is space for hope and we are waiting on how it will be implemented,” Sharma added.</p>
<p>According to the economic survey, the country has seen an average of 4.3 percent economic growth in the last one decade which can increase to 5.9 percent. </p>
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