Our economy needs transformation and coordinated reforms and this requires a change in the mindset of people, from an individualistic approach to global ambitions.
Assuming per capita GDP reaching $1,800 and public capital spending growing from 5% of GDP (now) to 10%, Nepal will have $55 billion invested in infrastructure by 2030.
The government including its army holds the largest inventory of land and it will depend on how government decides to unlock the value of its land.
Nepal needs to have the physical and institutional infrastructure to allow electricity trade which should help optimize domestic power sector investment.
Birgunj’s economy has slowly begun to show signs of revival following the blockade.
A mixture of pessimism and hopefulness defined the mood of hotel and restaurant operators, transporters, travel agents, local businesses and residents of Pokhara.