The generation that will lead Nepal in 2030 will be driven by pragmatism rather than ideologies of the bygone era that consumed their parents and grandparents.
The prime focus of the government at this stage is to develop competitiveness of smallholder farmers to enter into markets, generation of skilled labor in agriculture and to some extent establish effective value chains.
There is a need for comprehensive reforms in the entire budgetary procedure, from planning to execution.
The Economic Survey does not envisage Nepal’s transition towards fiscal decentralization and a federal structure.
In FY 2014-15 the sector witnessed a 0.8% growth whereas the projection for FY 2015-16 stands at 1.3%.
Despite the flourishing of the currency black market in the border economies, this issue has not received enough media attention, while government regulation continues to remain lax.