Kathmandu, March 11 -- Ethical wealth creation is key to growth and bridging inequality, according to International Monetary Fund (IMF) Executive Director and former Chief Economic Advisor of the Government of India, Dr. Subramanian Krishnamurthy Venkata.

Speaking at the first Prabhakar SJB Rana Memorial Lecture as the keynote speaker in Kathmandu, he emphasised the importance of religious capitalism. "Wealth generation is not a necessary evil but a boon - an ideology rooted in the East, inspired by dharmic capitalism and the civilisational ethos that empowered our ancestors to achieve remarkable success," he stated.

Dr. Subramanian highlighted that socialism and communism are not indigenous to the East but were imported from the West, ...