Capital Market Plays Backbone Role in Nepal's Economy, Says Analyst Pratibha Ghimire
Summary
Capital market analyst Pratibha Ghimire says Nepal’s stock market has become the backbone of the economy, with market capitalization reaching about 46 kharba rupees against a GDP of 60 kharba rupees. She says the market has supported hydropower growth, public investment, employment generation and tax revenue collection.
Key Points
- Pratibha Ghimire said Nepal’s capital market now functions as a backbone of the national economy.
- She cited GDP of 60 kharba rupees and stock market capitalization of about 46 kharba rupees, saying the market represents 77 percent of the economy.
- Ghimire said the capital market has driven hydropower expansion and helped reduce load shedding while supporting electricity exports.
- She also said the market generates jobs and brings in around 1 arba rupees a month in capital gains tax.
