Nepal needs to invest 49 pct of GDP in 15 years to attain sustainable development goals

KATHMANDU, Feb. 19 (Xinhua) — Nepal will have to invest around 49 percent of gross domestic product (GDP) during the period from 2016 to 2030 in order to achieve Sustainable Development Goals (SDGs), the National Planning Commission said. The commission said in a report that the Himalayan country will have to invest an estimated 17 billion U.S. dollar annually to achieve the SDGs. SDGs – a follow-up on Millennium Development Goals (MDGs) which expired in 2015 – are a set of 17 goals and 169 targets covering a broad range…

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Crisil Sees GDP Growing At 7.9% in 2016-17

Mumbai: The country’s GDP can grow by 7.9 per cent next fiscal if the monsoon is normal and government implements the reform measures announced so far, domestic rating agency Crisil said on Friday. The growth forecast, highest by any house and even above the government’s own estimate of 7-7.75 per cent, has been arrived assuming a faster growth in agriculture, Crisil Chief Economist Dharmakirti Joshi said in a concall today. The country has faced weather shocks for three consecutive years, including two years of deficient rains in 2014 and 2015,…

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