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Nepal's Economic Growth

The Tenth Five Year Plan has target of 6.2 per cent economic growth but according to Nepal Rastra Bank released annual economic report on September 7, 2007, average economic growth rate remained at 1.4 per cent during the plan. The reasons of this slow growth are the escalation of conflict, lower growth of private sector development, deterioration of security situation, low level of capital expenditure etc.Due to foreign jobs, remittance inflows increased 2.5 per cent in 2006/07.The Tenth Five Year Plan has ended in mid July this year.

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