Former President of the Nepal Chamber of Commerce and current President of the Non-Life Insurance Association of Nepal, Rajendra Malla, emphasized that political stability and long-term economic policy are the foundations of Nepal’s economic development.
According to Malla, major global economices have treated political stability as the backbone of prosperity, using it as the core driver of consistent economic progress.
In his recent remarks, Malla stated, “In recent decades, political stability has played a decisive role in shaping the global economic landscape. Countries like China and India have emerged as the world’s second and fourth largest economies, not only because of their population and resources, but due to their stable political environment, progressive policies, and effective use of modern technology.”
He further noted that these nations have achieved remarkable economic success by investing heavily in education, industry, infrastructure, technology, and entrepreneurship, serving as powerful examples for countries like Nepal.
Expressing concern over Nepal’s current scenario, Malla remarked, “Our unstable political situation, frequent policy changes, and rampant corruption have slowed down the pace of national development. These conditions have forced our youth to seek employment opportunities abroad.”
According to him, despite having abundant natural resources and skilled human capital, Nepal has failed to utilize these strengths effectively — a fundamental weakness that continues to hinder progress.
Concluding his remarks, Malla said, “If Nepal could ensure political stability, transparency, long-term economic planning, and opportunities for the youth, the country could achieve rapid economic growth. Only with strong leadership and consistent policies can Nepal become self-reliant, modern, and prosperous.”
