Nepal has potential to be prosperous: Dr. Grurucharan Das

Indian scholar Dr. Gurucharan Das said that Nepal has immense possibility to grow

Oct. 9, 2013, 5:45 p.m. Published in Magazine Issue: Vol: 07 No. -8 Oct. 4- 2013 (Ashoj 18, 2070)

India's renowned scholar Dr. Gurucharan Das said that there is a best future for the country like Nepal to prosper. During a talk program tittled the Need for a strong Liberal State, Dr. Das said Nepal has many advantages in trade and business sectors since it is in between world's two growing economy. Organised by Confederation of Nepalese Industries (CNI) and Federation of Indian Chambers of Commerce and Industry (FICCI) in association with Embassy of India, a renowned author, commentator, intellectual and former CEO of Procter and Gamble India, Dr. Das said that India has a lot of potential to grow. Despite temporary slow down, Indian economy is still stronger and resilience. He analyzes the strength of Indian and Chinese economy as well as state system. Addressing the program, Indian Ambassador to Nepal Ranjit Ray said that this kind of program will help to increase understanding between India and Nepal. CNI president Emeritus and renowned industrialist Binod Kumar Chaudhary highlighted the importance of bilateral trade between Nepal and India. He suggested the need to implement SAFTA for the benefit of billion plus population of South Asian region. Chaudhary reminded Nepal's highest economic growth during the period of 1996 to 2001 due to preferential treatment given by India to Nepal. Welcome the speaker, CNI President Narendra K Basnyat said that the modern state has many responsibilities and there are many things for which individuals or private sector—rather than the state—are responsible. One of the most difficult political questions in a society like ours, center on determining an appropriate extent and limits of the state’s role in contrast to the role of individuals and private sectors. "As J. S. Mill, one of the classical economists, put it over one hundred-fifty years ago, ‘the practical question where to limit the state in order to make a fair adjustment between individual (private sector) independence and social control—is a subject' on which we are going to hold a discussion today. We may have made some progress since Mill’s time both in economic and political fronts, but we will forever be confronted by the issues in which the trade off between liberty and authority must be determined," said Basnyat

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