Towards demand-led growth

Nepal's plans and programmes focus more on easing the supply side. This must be corrected.

On October 7 last year, the Government of Nepal formed a high-level recommendation body headed by former Finance Secretary Rameshore Khanal to seek long-term cures for ailments in the country’s economy. This came after Prime Minister KP Sharma Oli expressed concerns about slackness in the economy and representations by private sector apex bodies like the Federation of Nepalese Chambers of Commerce and Industry, Confederation of Nepalese Industries and Nepal Chamber of Commerce for economic reforms that could bolster consumers’ demand to accelerate investment and growth.