INSUBCONTINENT EXCLUSIVE:
Most private economists have lowered country's growth forecast to around 7% for 2018-19The government on Monday said it estimated GDP or
(CSO), under Ministry of Statistics and Programme Implementation.The growth estimate was in line with economists' expectations.Most private
economists have lowered country's growth forecast to around 7 per cent for 2018-19 fiscal year, compared with central bank's earlier
2018-19)"Sequential growth has slowed down across board
Slowdown in manufacturing, construction and select services are main reasons for slowdown seen in 2018/19," said Rupa Rege-Nitsure, chief
economist at LT Financial Holdings.Growth in real GVA or gross value added at basic constant prices (2011-12) was expected at 7.0 per cent
excludes subsidies.Improvement in performance of agriculture and manufacturing sectors mainly contributed to GDP growth estimate of current
financial year.The sectors that are estimated to register growth above 7 per cent include electricity, gas, water supply and other utility
services; construction; manufacturing; and public administration, defence and other services, Central Statistics Office said in its
and 8.2 per cent in 2015-16.
