There is a proposal to set the target for the economic growth rate at 4.2 per cent in the upcoming national budget for the next financial year (FY), 2025-26.
The target of 4.5 per cent has been proposed for the agriculture sector for the next FY; 4.3 per cent for the industrial sector, and 4 per cent for the services sector.
The documents inform that 7.5 per cent average annual target has been proposed for inflation for the next FY, while that for investment at 14.7 per cent; for overall investment at 14.7 per cent; for fixed investment at 13 per cent; for general government investment at 3.2 per cent, and that for private investment at 9.8 per cent.
Similarly, there is a proposal to set the target for the National Savings for the next FY at 14.3 per cent; for important crops at 6.7 per cent, while that for other crops at 3.5 percent; for cotton ginning at seven per cent; for livestock at 4.2 per cent; for forests at 3.5 per cent; for fishing at three per cent; for manufacturing at 4.7 per cent; for large scale manufacturing at 3.5 per cent; for small scale manufacturing at 8.9 per cent, while that for slaughtering at 4.3 per cent.
Likewise, setting the target of 3.5 per cent has been suggested for gas, electricity and water supply for the next FY.
The documents inform that there is a proposal to set the target for the construction sector at 3.8 per cent for the next financial year; for wholesale and retail trade at 3.9 per cent; for transport, storage and communications at 3.4 per cent.
Similarly, five per cent target has been suggested for the information and communication, while five per cent for the financial and insurance activities.
