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Showing posts from August 24, 2020

Sectoral Dimension Of Nepalese Economy-Industry

                                                                                  1. Background Industrialization is taken as one of the most vital indicators of economic growth and prosperity of the nation . Therefore, today's main necessity is to support industrialization by establishing industries based on agriculture and local resources in rural sector and establishing and developing industrial zones in urban areas. The government has promulgated New Industrial Policy, 2009 to develop industrial sector and to provide protection and facilities to the investors. It is expected to foster industrial friendly environment in the country. 2. Objectives ·            To increase national income and employment opportunities by increasing export of industrial product through promotion of qualitative and competitive industrial production and productivity. ·            To attract domestic and foreign investment by creating strong investment foundation through developing neces

Tools and Techniques of Development Planning

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The tools and techniques of planning refer to those quantitative and qualitative methodology, measures and analysis that are made in comparison, assessment and in choice in the planning process.                                                             1.       Capital -Output-Ratio (COR) The concept of capital-output ratio (or capital coefficient) expresses the relationship between the value of capital investment and the value of output. It refers to the amount of capital required in order to produce a unit of output. When the capital-output ratio in the economy is said to 5:1, it implies that a capital investment of Rs. 5 crores is essential to secure an output (income) worth Rs 1 crore. It may thus be defined as "given relationship between the investments that are to be made and the annual income resulting from these investments". The capital-output ratio is of two types: average capital-output ratio (ACOR) indicates the relationship between the existing stock of capit