From Rigid Stance to Liberal: Capital Market gains Political Priority
Summary
Political parties in Nepal have shifted from skepticism to prioritizing the capital market, recognizing it as a crucial pillar of the national economy ahead of the March 5 elections.
Key Points
- In 2008, Dr Baburam Bhattarai described the stock market as a 'gambling house', causing a sharp market fall.
- By 2009, Dr Bhattarai softened his stance, committing to the development of the capital market.
- Major political parties now prioritize the stock market in their election manifestos, aiming to attract investors and strengthen policies.
- Growing financial literacy and youth dominance in the market are driving political parties to adopt a more liberal and supportive approach.
