How confident is Nepal’s business community after the Gen Z uprising?
Summary
Nepal's business community faces shaken confidence after the September Gen Z protests disrupted economic recovery, with key private sector leaders urging government support to restore growth and investment.
Key Points
- The Gen Z protests in September significantly dampened business confidence in Nepal, further destabilizing the investment environment.
- Despite record foreign exchange reserves, Nepal's economy suffers from sluggish growth, low investment, and rising unemployment.
- Private sector leaders emphasize the need for government policies that support manufacturing over trading to boost investment.
- Major companies like Ncell and CG Corp plan significant future investments, contingent on stable political and economic conditions.
