Opinion | Nepal’s economic growth suffers from a lack of vision
Summary
Nepal’s economy has grown steadily in recent decades, with GDP rising to about $45.5 billion in 2025, but the country still lags far behind regional peers. The article argues that Nepal’s development has been held back by a lack of visionary leadership, weak governance and an unpredictable business environment.
Key Points
- Nepal’s GDP has expanded from under $2 billion in 1980 to about $45.5 billion in 2025, and the government has set a target of reaching $100 billion by 2031.
- The article argues that growth alone does not equal development unless it translates into better access to health, education and living standards.
- Nepal still trails regional economies such as Bangladesh, Sri Lanka, Bhutan and India by a wide margin.
- The writer says Nepal needs pragmatic, visionary leadership to strengthen institutions, protect entrepreneurs and improve economic governance.
