The New Nation - Internet Edition

THE business community of the country have demanded that the next elected government should provide social and political stability, improved law and order and strong policy matrix for steady growth of the national economy. Political stability is indispensable for a strong national economy. A stable government can ensure sustainable policy support for steady growth of the economy. They stressed that all stakeholders need to work jointly to ensure stability in all spheres of the society.

The business leaders asked political leaders to forget the past bitterness and work together. Reiterating their demand for a peaceful environment, they said that they did not want to go back to pre-1/11 situation characterised by chaos and confusion. They expressed their strong opposition to 'hartal' that cause serious harm to production in mills and factories. During the long period since independence the country could not achieve development at an expected pace. Lack of political stability and inconsistent development policies contributed to this.

Now, when the national economy is facing huge losses due to repeated natural calamities and political unrest, it is also faced with global economic meltdown. The World Bank, in its latest assessment, reportedly predicted a decrease in the GDP growth to 5.4 per cent from the projected rate of 6.5 per cent. An appropriate policy package under a sustainable democracy can help face the challenge of global economic shocks. The future of the country hinges on how the political leaders act. It is hoped that in view of the importance of their role, the leaders would rise to the occasion and work conscientiously to ensure sustained economic growth of the country.