NEPAL’S ECONOMY Unlocking the nation’s vast potential
Photo: Mehmet Turgut Kirkgoz NEPAL’S ECONOMY Unlocking the nation’s vast potential By LB Thapa , MA (Economics) Bhopal University, India Nepal is a country blessed with abundant natural resources, a hardworking population, and a strategic location between two of the world’s largest economies: India and China. Despite these advantages, Nepal has lagged far behind many Southeast Asian nations in terms of economic growth and industrial development. Countries such as Singapore, Malaysia, Thailand, and Vietnam have transformed their economies through industrialization, export promotion, tourism development, and foreign investment. These nations have achieved remarkable economic progress over the last few decades. However, Nepal continues to struggle with slow industrial growth, inadequate infrastructure, political instability, unemployment, and heavy dependence on imports. Nevertheless, Nepal still possesses enormous economic potential. If the country manages its water resour...