To meet the targets of proposed Economic Revolution Roadmap: Vision 2080, all the concerned parties must be committed. These objectives must be incorporated as economic agenda by all. When everyone is determined for political, economic and social progress, economic revolution is not an unattainable pursuit. But, sustainable economic development is possible only with political stability and rule of law. To establish political stability and rule of law, Constituent Assembly election slated for November 19 must be conducted peacefully. Then the economic development can gain momentum.

 

Our economy is dependent on imports. To lower the high trade deficit, export oriented policies and programmes must be made. Likewise, investment in export oriented industries must be encouraged. For this, internal resources and external opportunities must be well coordinated and productive sectors must be developed.

 

Similarly, employment must be generated through stable and long term investments. For this to happen, government, industrialists and workers must rise above their vested interests and serve the national interest. A favourable environment for running industries and making investments must be created. If these can be ensured, the campaign to achieve economic development and lifting country from the status of least developed to developing country is not overambitious.

 

There must be committed focus on policy stability, power development, investment in employment oriented productive sector and expansion of the service sector.  If we want to build new Nepal and make sure all people are prosperous, we must prioritise certain things first. They could be restructuring the society, overhauling the administrative structure, eradicating social discriminations and anomalies and prioritising the development of skilled human resources. Similarly, the physical infrastructure and power development must be prioritised as the water resource is being wasted. These targets are not unachievable but the only need is of the national commitment and positive thinking.

 

Investment must be concentrated on infrastructure development. Whether it is international airport at Nijgadh or fast track road, they are the basis for economic revolution. Development of agriculture, service sector and tourism industry can make Nepal leap towards economic prosperity within a decade. Similarly, green economy must be prioritised. Criminalisation of politics and politicisation of crime must come to an end. End of corruption and good governance must be ensured. 

 

The Birgunj-Pathlaiya industrial corridor development with minimum standards must be declared soon. The concept of Greater Birgunj must be implemented and Birgunj should be announced as the financial capital. Sincere implementation of these initiatives can put Nepal in the path to economic revolution.