Economic survey for the current fiscal year shows 5.9% expected economic growth; Finance Minister states that the stock market is in a recovery phase

The economic survey of the current fiscal year 2074/75 was submitted yesterday in the parliament by the Finance Minister Dr Yubaraj Khatiwada. Presenting the survey, he had said that the stock market is in a recovery phase

Addressing the situation of stock market, it was informed that the Banking sector covers 75% out of the total 194 listed companies.

Till 8 months of the current fiscal year, the banks and financial sectors have collected deposits of Rs 24.87 kharba while floating loans of Rs 22.42 kharba. Similarly, he also said that the access of the people have increased in the banking services as well as insurance services.

Likewise, the annual economic growth for the current fiscal year is expected to be 5.9 percent (which has been in an average of 4.3% for the past decade) along with the Per Capita Income to reach $ 1,004.

Currently, 60 lakh (about 21.6 %) people of the country are still below poverty line.

Out of the 37 public institutions of the country, 26 have been operating in profit in the current fiscal year.

Similarly, the country’s export has increased by 10.8 % whereas the import for the same period has increased by 22.1%. And if the same trend continues, the trade deficit is expected to reach 37% at the end of the fiscal year.