Economic activity study report unveiled

A report highlighting economic activities of the country was unveiled on Tuesday.

Nepal Rastra Bank, the central bank of the country, produced and made publicly available the report carrying out data-based study on half yearly economic affairs since mid-July 2022 through mid-January 2023.

As of mid-January 2023 in the current fiscal year, main agriculture production (food and other crops and vegetables, fruits and spices) has increased by 4.3 percent. Likewise, geographical land covered by such crops has decreased by 2.1 percent.

Production of food and other grains has gone up by 5.7 percent. Likewise, vegetable and horticulture yields have increased by 4.5 percent.

However, production of fruits and spices has decreased by 5.2 percent and 8.4 percent, respectively. According to the report, milk production has increased by 1.4 percent and meat production upped by 1.7 percent.

Likewise, in the half yearly period, egg production has decreased by 26.3 percent. Under timber-based production, wood production has increased by 16.23 percent and medicinal good production upped by 7.4 percent, the report stated.

As of mid-January 2023 in the current fiscal year, capacity use of the industries has reached 43.7 percent in an average. In the reporting period, the flow of loan by the banks and financial institution to the industrial sector shared 27.9 percent.

Number of real estate registration has decreased by 50.03 percent and revenue generated through land registration has reached Rs 9.9 billion, the report noted.

The deposit of the banks and financial institutions has increased by 9.1 percent and loan flow by 4.1 percent as of January 2023 in comparison to the corresponding period last year.

Number of total vehicles registered as of mid-January 2023 has increased by 4.1 percent compared to the same period of fiscal year 2022/23.

The report further shared that 34,075 km road was expanded and 3,018 bridges were constructed in the first six months of current fiscal year under the infrastructure sector.

During the reporting period, altogether 32 airlines companies, including three Nepali Airlines and 29 foreign Airlines have operated flight services to different destinations. Number of airport in operation during any season has reached 33.

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