Nation-wide lockdown, business shutdown, and huge employment loss triggered by the ongoing pandemic<\/a> have impacted the saving capacity of Nepalis in the fiscal year 2019\/20<\/a>.<\/p>\n According to a report by the Central Bureau of Statistics (CBS), a Nepali, on average, spent 91.1% of his\/her income in the FY 2019\/20. This implicates that a Nepali was able to save less than NPR 9 out of NPR 100 amid the pandemic year.<\/p>\n As per the report, the consumption expenditure of Nepalis in the FY 2018\/19 was NPR 84.3 on average. This expenditure raised by 6.8% in FY 2019\/20, indicating a significant drop in the saving capacity of Nepalis.<\/p>\n <\/p>\n Former Finance Secretary Shant Raj Subedi informed that the lack of income during the pandemic has resulted in a decline in the saving capacity. \u201cWe have to consume even if we don\u2019t have an income source,\u201d he said.<\/p>\n “Decrease in the saving capacity is directly proportional to investment, and lack of investment creates unemployment, resulting in a decrease in national income,” said Subedi.<\/p><\/blockquote>\n Likewise, Nepal\u2019s Per Capita Income (PCI) has also decreased. According to the report, PCI stood at USD 1,148 in FY 2019\/20, down from USD 1,171 in FY 2018\/19.<\/p>\n <\/p>\n However, with the change in the base of GDP calculations, Nepal has witnessed a rise in its GDP value. According to the CBS, the nation’s GDP valued at NPR 3.934 trillion, an increase by 14%. Nepal’s GDP stood at NPR 1.559 trillion in FY 2010\/11.<\/p>\n Stay Tuned to NepaliSansar for Latest Nepal Economy News<\/a>!<\/strong><\/p>\n More Articles:<\/strong><\/p>\n Nation-wide lockdown, business shutdown, and huge employment loss triggered by the ongoing pandemic have impacted the…<\/span><\/p>\n
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