National Planning Commission Vice Chairman Dr. Gunakar Bhatta Emphasizes Private Sector Role in Achieving 7% Economic Growth
Summary
National Planning Commission Vice Chairman Dr. Gunakar Bhatta has said the private sector is crucial to meeting Nepal’s 7% economic growth target and urged stronger coordination with government ministries. Officials and business groups also discussed the Sixteenth Plan, investment mobilization, liquidity management, and reforms needed to reach a USD 100 billion economy.
Key Points
- Dr. Gunakar Bhatta said the private sector must play a larger role in real-sector activities to help achieve 7% economic growth.
- The National Planning Commission pledged to coordinate between ministries and act as a bridge between the private sector and the government.
- Discussions focused on implementing the Sixteenth Plan, policy and legal reforms, investment mobilization, and liquidity management.
- Business and banking representatives raised concerns about weak demand, slowing credit growth, and rising non-performing loans.
