Governor calls to internalise economic growth

Kathmandu: Nepal Rastra Bank Governor Dr Yubaraj Khatiwada has said that the inclusive economic growth should be internalized with change in economic concept across the globe.
At an interaction organized here on Wednesday by Policy Research and Development Nepal (PRAD), Governor Khatiwada stressed that the government policy should focus towards expanding the role of the cooperatives sector along with the state and private sector so as to ensure inclusive growth and returns by engaging more and more people in production.
The economic recession is resulted from imbalance of consumption and surplus, he said, stressing the need of making production and economic distribution inclusive.
The Governor went on saying that the state should play facilitating role for the management of capital, production technology transfer and marketing of products.
Economist Keshab Prasad Acharya said that sector-wide inclusion of trade investment would enable substitute exportable goods and services thereby contributing to the overall economy of the country.
PRAD-Nepal Chairperson Dr Pushpa Rajkarnikar underlined the need to make production process participatory for inclusive economic growth at a time when the global economy is turning to be informal.
On the occasion, a report on Asia-Pacific Trade and Investment was made public, which places Nepal above the average on trade facilitation index.  The average index is 28 days while Nepal has 40 days on score that means there is no export competitors and import is expensive.