Nepal’s exports could double if constraints remov
Summary
Nepal’s goods and services exports could rise by up to 112% over five years if major constraints such as high borrowing costs, weak logistics and expensive imported inputs are addressed. A new ADB-supported study says Nepal should shift toward a competitive export-led growth model, with opportunities in tourism and IT services also expanding.
Key Points
- A new study says Nepal’s goods and services exports could increase by up to 112% over five years if key constraints are removed.
- High borrowing costs, taxes on imported inputs, weak logistics and high transport costs are major barriers to Nepali exporters.
- The study highlights opportunities in diaspora markets, digitalisation, tourism and IT services, but warns of gaps in cybersecurity, data protection and skilled workers.
- Finance Secretary Dr. Ghanshyam Upadhyay and ADB’s Arnaud Cauchois called for a shift toward private investment and export-led growth.
