For the fiscal year 2023–2024 (FY24), the government had approved an estimated 3.5 percent GDP growth objective.
Govt. Objectives For Overall Growth in FY 23-24
In accordance with official records, the government has set a target of 3.5 percent for the agriculture sector, a target of 3 percent increase for significant crops, and a target of 7.2 percent increase for cotton ginning.
For cattle, forestry, and fishery, the government has approved growth targets of 3.6 percent, 3 percent, and another 3 percent, respectively.
According to the study, the industrial sector is expected to rise by 3.4% in the upcoming fiscal year.
The government anticipates development in this industry in the following areas: construction (up 1.5%), electricity generation & gas distribution (up 2.2%), mining & quarrying (up 1.2%), and overall manufacturing (up 4.3%).
A 3.6 percent growth goal has been established by the government for the services sector.
2.8 percent increase is predicted for wholesale and retail trade, 3.5 percent for transportation, storage, and communication, 4.1 percent for lodging and food services, 5% for information and communication, 3.7 percent for financial and insurance activities, and 3.6 percent for real estate activities.
The government has endorsed a growth objective of 3% for education, 3% for human health and social work activities, 3.2 % for public administration and social security, and 5% for other private services, according to the document.
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