Economic development requires addressing four major bottlenecks: political instability, policy inconsistency, energy deficiency, and labor market challenges; sustainable growth demands a multifaceted approach including diversification, infrastructure investment, job-creating policies, and investments in education, training, and digital infrastructure.
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The Truth About Nepal’s Economic Future | THT Digital PodcastAdded:
In your opinion, what what could be one of the biggest bottlenecks that Nepal might face to achieve this hundred billion dollar economy?
>> Look, one thing I I'll tell you this earlier there was a growth diagnosis.
>> Mhm.
>> Especially when they they they were going to implement the MCC program. At that time I was the chief economic that consultant of the MCC that period and they they they have noticed four major area. First political instability we have the political stability now. Yes.
>> And this uh second is policy inconsistency.
I think let us hope the policy is constituency will not be there. There will be the consistency in the policy policy won't be changed within a few years within a few months. Yeah, it it may takes decades to change the policy that it may not harm the investors. And third one is energy. Energy deficiency was there there have noted it. and fourth one the labor problem labor relation with the industrial sector. So what I think that uh uh this this two-term majority government uh they may take a step uh to reduce all these uh deficiency through their by laws and by their action. The recently the government has taken the different actions actions. Yes.
>> Yeah. Yeah.
There are some positive also. People are thinking in a positive. There may be uh the you can see the divide in the >> opinions >> opinions but but some are the very good example. Look uh when you talk about the economic uh development, economic development require multifacet approach.
Yeah. uh including diversification, infrastructure investment, infrastructure major concern and the policy that that create the jobs and economic growth and investing in education, training and digital infrastructure is the crucial for modern economic growth and stability.
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