While Nepal has made strides in reducing poverty, one-fifth of the population still live below the poverty line, unable to afford basic needs.
What we need is a bunch of people with entrepreneurial instincts to think of the next steps to unleash the potential of Nepali sports, including cricket.
China’s investment dominance is a recent but rising phenomenon.
The Government of Nepal has estimated an economic growth rate of 6% for the upcoming fiscal year, and the inflation at 5.5%.
Nepal stands at a pivotal juncture where the sports economy could significantly contribute to redefining its soft power on the global stage and its economic development.
From K-pop’s cultural phenomenon to Taylor Swift’s economic impact, these are some examples of how soft power drives economic growth and enhances global standing.