Business enterprises urged to participate in National Economic Survey

Kathmandu, May 7: The National Statistics Office (NSO) has asked all business enterprises across the country to participate in the ongoing Second National Economic Survey. The Second National Economic Survey was started on April 15 and will continue till July 16.

Director of NSO, Dr Bed Prasad Dhakal, said that trading and business firms both in formal and non-formal sectors are asked to join the national economic survey.

According to Dr Dhakal, data from agriculture, mining, production, industry, trading, private business firms, banks and financial institutions, cooperatives and other enterprises are being collected. 

As high as 32 percent of the estimated data was collected as of May 5, Director Dr Dhakal added. 

Likewise, more than 7,400 business firms had pledged to submit their details online and 1,600 plus firms have already submitted their details, it is said. 

The census aims to provide an accurate picture of the national economy through statistical information.

The census is a significant initiative for gathering basic and reliable statistics, which are essential for formulating economic policies, plans and development strategies.

It is expected that the economic census will make a vital contribution to short-term and long-term economic plans prepared by the government, investment promotion and employment creation and receive details.

The government had conducted the national economic census for the first time seven years ago. A total of 923,356 business institutions across the country were recorded during first economic census and 3.228 million people were involved in the business institutions.  (RSS)