Can Nepal Achieve 7 per cent Economic Growth Rate?

‘Need For Political Consensus On Fundamental Issues Of Development’

Nepal needs a growth rate of around 4-5 per cent in the agriculture sector and 9-10 per cent in other sectors if the country’s GDP is to grow by around 7 per cent. Development is basically a political process. Therefore, it is crucial that the major political parties reach a consensus on the fundamental issues of development. Liberalisation is needed for the growth of organised industrial trade and business. We also need to enhance our productivity and introduce modern technologies to our agriculture sector.