\u201cAll these factors show that we will not be able to meet the economic growth target initially projected for 2019-20,\u201d said a source at the Ministry.<\/p><\/blockquote>\n
According to Economist Raghubir Bista may fail to achieve the targeted growth rate even if it managed to increase public spending.<\/p>\n
\u201cDespite increased investment in infrastructure, capital expenditure is far below the level needed to achieve the ambitious growth target,\u201d said Bista.<\/p><\/blockquote>\n
Projections by World Financial Giants<\/h3>\n
![\"World](\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/03\/World-Bank.jpg\" "\\"World")
<\/p>\n
The World Bank had projected a growth of 7.1 percent for the Nepal economy in the ongoing fiscal, which would be propelled by private investment and consumption. On the other hand, the Asian Development Bank (ADB) also projected a growth of 6.3 percent and said it would grow further if the capital expenditure increases even at the sub-national level and the private sector strengthens its hold.<\/p>\n
Economists say that even a growth of 8.5 percent is achievable, however, the government has not done enough to manage infrastructure for the growth of the economy.<\/p>\n
\u201cAlong with inadequate infrastructure, the government has not managed to expedite project development and budget expenditure, improve project implementation and attract ample investment,\u201d said Biswo Poudel, an economist, adding that achieving the initial economic growth target of 8.5 per cent against this backdrop would have been difficult.<\/p>\n
The private sector has also expressed dissatisfaction over the country\u2019s business environment.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nepal Government has revised the economic growth target to 7.01 percent, down by 1.49 percent…<\/span><\/p>\nRead more<\/a><\/div>\n<\/p>\n","protected":false},"author":761,"featured_media":24213,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10004,3],"tags":[3063,2948,1076,9903,13277,5322],"yoast_head":"\n
Nepal Government Revises Economic Growth Rate By 1.49 Percent<\/title>\n<meta name=\"description\" content=\"The Nepal Government has revised the economic growth target to 7.01 percent, down by 1.49 percent of the projected target of 8.5 percent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nepal Government Revises Economic Growth Rate By 1.49 Percent\" \/>\n<meta property=\"og:description\" content=\"The Nepal Government has revised the economic growth target to 7.01 percent, down by 1.49 percent of the projected target of 8.5 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/\" \/>\n<meta property=\"og:site_name\" content=\"Nepali Sansar\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NepaliSansarNews\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-17T04:40:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-15T10:28:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2019\/11\/nepal-government-revises-economic-growth-rate-by-1.49-percent.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nepali Sansar Bureau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nepalisansar4u\" \/>\n<meta name=\"twitter:site\" content=\"@nepalisansar4u\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nepali Sansar Bureau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/\",\"url\":\"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/\",\"name\":\"Nepal Government Revises Economic Growth Rate By 1.49 Percent\",\"isPartOf\":{\"@id\":\"https:\/\/www.nepalisansar.com\/#website\"},\"datePublished\":\"2019-11-17T04:40:21+00:00\",\"dateModified\":\"2019-11-15T10:28:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4\"},\"description\":\"The Nepal Government has revised the economic growth target to 7.01 percent, down by 1.49 percent of the projected target of 8.5 percent.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.nepalisansar.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nepal Government Revises Economic Growth Rate By 1.49 Percent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nepalisansar.com\/#website\",\"url\":\"https:\/\/www.nepalisansar.com\/\",\"name\":\"Nepali Sansar\",\"description\":\" A Site for Global Nepali Community\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nepalisansar.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4\",\"name\":\"Nepali Sansar Bureau\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g\",\"caption\":\"Nepali Sansar Bureau\"},\"description\":\"This is the News Bureau of Nepali Sansar, a US-based media house that covers all the major happenings and updates related to Nepal.\",\"sameAs\":[\"https:\/\/www.nepalisansar.com\/\"],\"url\":\"https:\/\/www.nepalisansar.com\/author\/nepalisansarbureau\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nepal Government Revises Economic Growth Rate By 1.49 Percent","description":"The Nepal Government has revised the economic growth target to 7.01 percent, down by 1.49 percent of the projected target of 8.5 percent.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/","og_locale":"en_US","og_type":"article","og_title":"Nepal Government Revises Economic Growth Rate By 1.49 Percent","og_description":"The Nepal Government has revised the economic growth target to 7.01 percent, down by 1.49 percent of the projected target of 8.5 percent.","og_url":"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/","og_site_name":"Nepali Sansar","article_publisher":"https:\/\/www.facebook.com\/NepaliSansarNews\/","article_published_time":"2019-11-17T04:40:21+00:00","article_modified_time":"2019-11-15T10:28:34+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2019\/11\/nepal-government-revises-economic-growth-rate-by-1.49-percent.jpg","type":"image\/jpeg"}],"author":"Nepali Sansar Bureau","twitter_card":"summary_large_image","twitter_creator":"@nepalisansar4u","twitter_site":"@nepalisansar4u","twitter_misc":{"Written by":"Nepali Sansar Bureau","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/","url":"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/","name":"Nepal Government Revises Economic Growth Rate By 1.49 Percent","isPartOf":{"@id":"https:\/\/www.nepalisansar.com\/#website"},"datePublished":"2019-11-17T04:40:21+00:00","dateModified":"2019-11-15T10:28:34+00:00","author":{"@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4"},"description":"The Nepal Government has revised the economic growth target to 7.01 percent, down by 1.49 percent of the projected target of 8.5 percent.","breadcrumb":{"@id":"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.nepalisansar.com\/government\/nepal-government-revises-economic-growth-rate-by-1-49-percent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.nepalisansar.com\/"},{"@type":"ListItem","position":2,"name":"Nepal Government Revises Economic Growth Rate By 1.49 Percent"}]},{"@type":"WebSite","@id":"https:\/\/www.nepalisansar.com\/#website","url":"https:\/\/www.nepalisansar.com\/","name":"Nepali Sansar","description":" A Site for Global Nepali Community","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.nepalisansar.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4","name":"Nepali Sansar Bureau","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g","caption":"Nepali Sansar Bureau"},"description":"This is the News Bureau of Nepali Sansar, a US-based media house that covers all the major happenings and updates related to Nepal.","sameAs":["https:\/\/www.nepalisansar.com\/"],"url":"https:\/\/www.nepalisansar.com\/author\/nepalisansarbureau\/"}]}},"_links":{"self":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts\/24212"}],"collection":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/users\/761"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/comments?post=24212"}],"version-history":[{"count":0,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts\/24212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/media\/24213"}],"wp:attachment":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/media?parent=24212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/categories?post=24212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/tags?post=24212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Nepal](\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/06\/Nepal-Agriculture.jpg\" "\\"Nepal")
<\/p>\n