Nepal remains economically poor due to a combination of historical, geographical, and structural factors. Its challenging terrain makes infrastructure development and trade difficult, limiting access to resources and markets. Political instability and frequent changes in government have hindered consistent economic planning and policy implementation.
Additionally, Nepal's economy heavily relies on agriculture, which is vulnerable to climate change and lacks modernization. A large portion of the workforce is employed abroad, resulting in remittance dependence but limited domestic industrial growth. Corruption, inadequate education, and healthcare systems also contribute to slow economic progress.
With focused investments in tourism, hydropower, education, and infrastructure, Nepal has the potential to unlock sustainable growth and reduce poverty.
