The Role Of Private Sector

The Government adopted policies which promoted the private sector as the main engine of growth and also created an environment conductive to foreign investment. Economic reforms were introduced which allow the private sector a role in all area of the economy particularly external trade. The private sector involvement in agriculture, manufacturing and processing, trading, services, banking, construction etc, have gained momentum over the years. The contribution of private sector in the total GDP of the country is approximately 90%. Sector-wise, the private sector generated 97.2% in agriculture, 80.0% in industry and 88.6% in trade.