KATHMANDU: The government has projected Nepal’s economic growth rate to reach 4.61 percent in the ongoing fiscal year, signaling a modest recovery after recent years of slow growth.

Finance Minister Bishnu Prasad Paudel announced that the country’s total economic output is expected to expand to Rs. 6.17 trillion by the end of the fiscal year.

According to the finance minister, the agriculture sector will contribute approximately 25.16 percent to Nepal’s Gross Domestic Product (GDP), underscoring its central role in the economy.

Nepal’s per capita income has reached USD 1,517, reflecting steady economic improvement and a moderate pace of growth following earlier stagnation, Minister Paudel informed lawmakers.