6 Sectors to Face Negative Growth Rate in Last 7 Years

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 6 Sectors to Face Negative Growth Rate in Last 7 Years

May 4:  The Central Bureau of Statistics (CBS) has projected negative growth rate for six sectors in the current fiscal year 2015/16. The six sectors include mining and quarring, industry, electricity, gas and water, construction sector, wholesale and retail business sector, and hotel and restaurant sectors. These sectors have faced negative growth rate for the first time since last seven years. According to the statistics of CBS, these sectors have continuously logged increasing annual growth rates in the last seven years.  Besides having fluctuating growth rate between FY 2009/10 to 2014/15, the sectors have not logged negative growth rate.

The Central Bureau of Statistics (CBS) in its National Account Estimate Report published on Tuesday estimated the growth rate

 Similarly, as per the National Account Estimate Report published on Tuesday the growth rate of other nine sectors are estimated to be positive. CBS has categories total of 15 sectors as economic activities sectors.

 According to CBS, the devastating earthquake of last year, political instability after declaration of constitution and Indian blockade has simultaneously lead to negative growth rate.

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