Business

National Accounts Committee updates economic growth rate estimates

Economic growth rate declines in the first quarter of the current fiscal year while growth rate in the second quarter of the current fiscal year reached 3.89 percent.

National Accounts Committee approves interim and updated economic growth rate estimates for the second quarter of the current financial year.

Agriculture sector growth recorded a record 1.76 percent in the second quarter of the current financial year. The industrial sector growth was 7.40 percent in the October-December 2025 quarter. The service sector growth recorded a record 3.69 percent in the same period. Updated economic growth rate estimate for the first quarter of the financial year approved at 3.63 percent. Earlier, the economic growth rate for the first quarter of the current financial year was approved at 3.71 percent . The revised economic growth rate for the previous financial year 2024-25 approved at 3.06 percent.

Earlier, the economic growth rate for the previous financial year was approved at 3.09 percent. The government’s target for economic growth rate in the previous financial year 2024-25 was 3.6 percent.

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