Nepal’s creative economy at a crossroads
Summary
Nepal's creative economy, driven largely by youth, shows significant potential in sectors like handicrafts, design, and film, but faces challenges in market access, policy support, and education. Stakeholders call for strategic investment and reforms to harness this cultural and economic asset.
Key Points
- Nepal's creative sectors are predominantly youth-driven, with 84% of practitioners under 45, signaling a vibrant younger workforce.
- Handicraft exports reached Rs12 billion in 2023, highlighting economic potential despite structural challenges.
- Key barriers include limited market access, weak policy frameworks, informal contracts, and lack of design education.
- Stakeholders emphasize the need for policy reform, creative hubs, education integration, and strategic investments to sustain growth and global competitiveness.
