Drought and unseasonal rain hit agriculture sector, Value added growth falls to 1.58%

www.fiscalnepal.com · 8 hours ago

Nepal's agriculture sector has seen a significant slowdown in growth, falling to an estimated 1.58 percent in the current fiscal year due to adverse weather conditions like drought and unseasonal rainfall. Rice production is projected to decline by 4.16 percent, impacting overall output. Despite these challenges, improvements in wheat, maize, millet, and industrial crop production have provided some stability, and government efforts in agricultural modernization and irrigation expansion are ongoing.