5. Write about the socio-economic condition of Bagmati province.
Answers
Answer:
Bagmati Province lies in the central part of Nepal. It’s been divided into terai, hill and mountain region. It’s hot in terai, moderate in hill and cold in mountain. Natural vegetation varies from place to place as per climatic condition. The Serpas and Bhutiyas live in the north. Tamangs, Gurungs, Magars, etc live in the middle . Tharus, Muslims, Danuwar, etc live in the south. The Kathmandu vally is predominantly inhabited by Newars. Chepangs also live in this province. People follow different religions. Buddhist have majority in mountain region, mixed religious people live in hilly and terai region. Agriculture is the main occupation of the people in this province. Paddy, wheat, maize, etc are the main crops. Kathmandu, Lalitpur, etc are the main trade and industrial centres of this state.
Answer:
Economic loss figures for Bagmati Province from the virus lockdown are the best some of the seven provinces attributable to the attention of the nation's alternate and enterprise here.
Revenue generating activities, starting from wholesale and retail to tourism and transportation, all got here to a screeching halt after March-end, and the province's increase charge is anticipated to plunge to 1.23 percentage from final 12 months's heady 6.four percentage, the Central Bureau of Statistics stated on Tuesday.
The coronavirus pandemic has ended in good sized commercial enterprise bankruptcies and activity losses, and economic pressure has been felt maximum seriously in Bagmati even as different states have agriculture to fall lower back upon, stated Ganesh Prasad Acharya, director of the Central Bureau of Statistics.
According to the province-clever gross home product (GDP) increase estimates launched with the aid of using the Central Bureau of Statistics on Tuesday, Sudurpashchim Province is possibly to look the best increase charge of four.2 percentage this financial 12 months, however it's miles nonetheless a steep drop from final 12 months's 6.nine percentage.
Bagmati's monetary output is anticipated to attain Rs1.35 trillion, 35.eighty four percentage of the full countrywide GDP of Rs3.seventy six trillion. The province's foremost earnings reassets are retail, transportation and tourism.
“All monetary activities, from resorts to airways and from retail to transportation, have come to a digital standstill for the reason that March-lead to Bagmati Province wherein Kathmandu Valley is situated,” stated Acharya.
The slowdown is the end result of regulations on home and worldwide tour and the effect at the inn and eating place sector, the bureau stated.
Hotels and eating places are anticipated to revel in a poor 16.30 percentage increase charge this financial 12 months. Transportation is likewise anticipated to look a poor increase charge.
The Central Bureau of Statistics lately revised the increase of Nepal’s financial system for this financial 12 months to 2.27 percentage, a pointy drop from the 8.five percentage centered with the aid of using the government.
A 2.27 percentage increase interprets right into a gross home fabricated from approximately Rs3.seventy six trillion. This will mark the slowest tempo of monetary growth in 4 years.
The bureau warned that the outlook can be bleaker if the lockdown is prolonged past mid-June, and worldwide tour regulations aren't lifted globally.
The monetary increase charge of Province 1 has been anticipated to gradual to 3.forty one percentage from 7.forty percentage withinside the final financial 12 months. The province's general contribution to the financial system is worth Rs596 billion, or 15.seventy three percentage of the GDP. Its foremost earnings reassets are agriculture, forestry and fisheries.
The increase charge of Province 2 is anticipated to plunge to 2.28 percentage this financial 12 months from 8.12 percentage withinside the final financial 12 months. The general contribution of Province 2 to the countrywide GDP is Rs519 billion, or 13.sixty two percentage. More than forty percentage of its earnings comes from farming.
The increase charge of Gandaki Province is anticipated to drop from final 12 months's 6.sixty five percentage to 2.sixty eight percentage. The state's contribution to the country's monetary output is anticipated to attain Rs335 billion, or 8.ninety percentage of the full, this financial 12 months.
Province five is anticipated to develop at a charge of two percentage this financial 12 months in comparison to 6.seventy eight percentage withinside the final financial 12 months. According to the Central Bureau of Statistics, the contribution of Province five to the countrywide GDP is possibly to quantity to Rs534 billion, or 14.18 percentage.
Karnali Province is projected to acquire a increase charge of 3.fifty eight percentage this financial 12 months in comparison to final 12 months's 8.10 percentage. The general output of Karnali Province is anticipated to attain Rs161 billion or four.27 percentage of the countrywide GDP.
The financial system of Sudurpashchim Province is anticipated to develop at a charge of four.08 percentage this financial, down from 6.ninety percentage withinside the final financial 12 months. Its monetary output is projected to quantity to Rs272 billion, or 7.21 percentage of the countrywide general.
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