Nepal

Nepal’s transition from its previous centralized system to federalism in 2015 marked a historic moment for this country of roughly 30 million. The shift was aimed at addressing cultural autonomy and giving local governments more control over resources and infrastructure development. Nepal boasts immense hydropower potential, while the tourism, manufacturing and information technology sectors hold promise. Buoyed by Nepal’s strategic location between India and China, a reflection of this newfound optimism has also been seen in the uptick in foreign direct investment (FDI) experienced in recent years.

Yet, hurdles stemming from endemic corruption, infrastructural deficiencies and bureaucratic red tape persist. Nepal’s mountainous terrain and landlocked status further complicate matters, and the heavy reliance on the Indian economy for imports and exports adds to the challenge. The talent drain, particularly among educated youth seeking opportunities abroad, poses an additional concern.