Agriculture sector posts 5.25 per cent growth

Kathmandu:  The agriculture sector has recorded significant growth in the fiscal year 2016/17.

The agriculture sector has made a growth of 5.25 per cent in the fiscal year 2016/17 while it was a meager 1.9 per cent in the previous fiscal year 2015/16.

According to joint secretary at the Ministry of Agricultural Development Shankar Sapkota, the growth of agriculture sector had increased significantly in the last fiscal year compared to previous years with the increase in the production of agricultural crops.

The growth of agriculture sector stood at 2.9 per cent in the fiscal year 2014/15, 1.10 per cent in 2013/14 and 4.60 per cent in the fiscal year 2012/13.

However, the agriculture sector had recorded highest growth of 5.8 per cent in the fiscal year 2008/09 that was highest ever.

The progress in the production of agricultural crops, including paddy, maize, wheat and others has contributed to achieve agricultural growth in last fiscal year.

The production of rice has increased by 21.66 per cent to 5.230,000 tons in the last fiscal year that was main reason to grow the agriculture sector, he said.

Likewise, production of maize, a major crop after paddy, also increased by 1.25 per cent to 2,259,000 tons in the last fiscal year.

The contribution of agriculture sector to the Gross Domestic Products stood at 29.4 per cent in the last fiscal year that was slightly lower than the previous fiscal year.