The talk of double-digit economic growth is back on the agenda of the political parties. Even as the country's economy is growing at a modest rate, the common minimum program (CMP) unveiled by the ruling parties on Monday has also brought up the double-digit agenda. The highest GDP growth Nepal had in the last 10 years was in FY 2016/17 when the country's economy grew by 8.9 percent. Nepal’s economy grew by 5.84 percent in the last fiscal year. The government has targeted 8 percent growth in the current fiscal year.

Unveiling the CMP, Finance Minister Bishnu Prasad Paudel, who headed the CMP drafting task force said that the government is committed to development and prosperity by achieving double-digit economic growth in the next five years. “The government aims to reduce public expenditure, provide free electricity and water to the public, and control inflation,” said Poudel.

Similarly, sustainable development, increasing domestic production, reducing public expenditure, and promoting employment and entrepreneurship have been kept in the government's priority. The government has claimed of achieving a high-digit economic growth rate by effectively implementing these priorities. "A plan has been set to take the economic growth rate close to double-digit within five years with the involvement of three-tier of governments, private sector, development partners and financial sector," reads the CMP. The CMP also talks about making policy-level, institutional reform in order to create an investment-friendly environment. Taming inflation The CMP emphasizes strict monitoring to curb black marketeering, and adulteration of food items, as well as implementing a system to control the business cartels in the market supply of daily consumer goods. It aims to make the supply of everyday consumer goods easily accessible and affordable, while also ensuring fair prices for all types of goods and services from public institutions. Industry registration within seven days The government has said that the industry registration process would be completed in just seven days. A time card system will be developed so that businesses don’t have to face hassles, and get approval for their industries and businesses in the stipulated time. If the approval is not obtained or the information is not provided within the specified time, the responsible employee will have to face actions as per the legal provisions, according to the program. Free electricity up to 50 units Adding to the list of populist programs is the government's announcement of free electricity of up to 50 units. It has said that it would provide 50 units of electricity per month in the rainy season and 30 units per month in winter free of charge for domestic consumption. The government has announced that the power generation capacity will reach 6,500 megawatts and per capita electricity consumption will reach 700 kilowatt hours in five years. It has also been announced that the electricity tariff will be adjusted so that the general public can afford it. Likewise, the government also announced plans to make electricity available across the country.