NEPAL’S ECONOMY: Challenges, opportunities, and the way forward
NEPAL’S ECONOMY Challenges, opportunities, and the way forward By LB Thapa , MA. (Economics) Bhopal University, India Nepal is currently facing many economic and financial challenges. Although the country has made progress in infrastructure development, access to education, and communication facilities over the past few decades, the overall economic situation remains fragile. Economic growth has been slower than expected, investment levels remain low, and the country continues to depend heavily on remittances sent by Nepali workers employed abroad. At the same time, rising inflation, increasing unemployment, and declining industrial productivity have created serious concerns for both policymakers and ordinary citizens. The new government therefore faces the difficult task of stabilizing the economy while ensuring long-term and sustainable development. Inflation has become a serious issue that the country is facing today. The prices of essential goods and services have increased signi...