Can Nepal Achieve 7 per cent Economic Growth Rate?

‘Political stability is a must’

For a rapid economic growth, we need proper plans, policies and programmes. However, we cannot expect a robust economic growth rate unless we have political stability in the country. Political stability is a must. Similarly, we need to substantially increase the investment in the agriculture sector and make concerted efforts to modernize it. The services sector in Nepal has good prospects. A sustained growth in this sector, too, can help Nepal achieve a healthy economic growth rate. So, we must focus on agro-processing industries and on the development of new software technologies. Similarly, we must be able to use the ever increasing remittance inflows in a more productive manner if we are to achieve a growth rate of seven percent or more.