Kathmandu, April 10 -- Nepal's apex private sector body on Saturday unveiled its vision paper envisaging an ambitious target to generate 2.2 million jobs by 2030 by achieving an annual economic growth target of 12 percent per year between now and then.

The Federation of Nepalese Chambers of Commerce and Industry said its vision 'National Economic Transformation 2030' aims to increase the country's gross domestic product (GDP) to $100 billion by 2030 from $39 billion in 2019-20.

The paper aims to reduce the trade deficit by 50 percent.

According to the federation, every year an estimated 500,000 people enter the country's labour market but only 200,000 find jobs. The successful implementation of the vision will create jobs, reduce widen...