Kamlesh Kumar Agarwal, President of Nepal Chamber of Commerce, has said that the engine of the private sector, which plays an important role in advancing the country's economy or is praised as the 'driving seat', is deteriorating. He commented that the private sector and the economy as a whole have become weak due to narrow policies.

Speaking in the first session of the 'Economic Summit 2024' organized by Kantipur Media Group on Sunday, Chairman Agarwal mentioned that the shrinking of the manufacturing sector, construction sector and wholesale and retail sector is a matter of concern

. President Agarwal recalled that economic growth was achieved while the private sector was excited due to the proper policies of the government even when internal and external crises such as earthquakes, embargoes, corona epidemics and the Russia-Ukraine war affected the supply chain.

'Financial year 2073/74 to 2077/78 earthquake, 6-6 months of lockdown, even when there was no working environment due to the corona epidemic, the private sector moved enthusiastically when the policies of the regulatory bodies, monetary and financial policies provided concessions. He said, "We achieved an economic growth rate of 3.9 percent despite the negative GDP growth in 2077/78." 78/79 also had an economic growth rate of 5.8 percent,  We were almost back to normal but  After the narrow policy came in 2078/79, as a result, the economic growth rate was only 1.86 percent in 2079/80.' 

Aggarwal's analysis was that if the state agencies bring a narrow policy that does not promote investment-friendly policies than other influences, the economy cannot move forward. According to