https://www.youtube.com/watch?v=KYpX9KyWw9g&amp;feature=youtu.beFour years after surviving an acid attack, and following 17 surgical procedures on her face, Sangita Magar and her family are re-traumatised by the pending release from jail of her attacker Jiwan B K.When B K was arrested days after the acid attack on his neighbour Sangita, then a high-school student, he threatened to kill the family after serving his sentence. Says Sangita’s mother Chameli Magar: “We take his threat very seriously. He is unrepentant and could do it again.”<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110812110/636a36c49c7e80680e048326jpeg.jpg" alt="" width="354" height="94"/>In 2015 Sangita Magar was 16, taking tutorials for her high school exam and dreaming of one day making it to Nepal’s national karate team. She was happy, had many friends, did well in school and wanted to become a doctor.Read also: <a href="https://www.nepalitimes.com/banner/daughter-slaughter/" target="_blank" rel="noopener">Daughter Slaughter</a>, Monika Deupala<a href="https://www.nepalitimes.com/editorial/corrosive-conduct/" target="_blank" rel="noopener">Corrosive Conduct</a>, EditorialThose carefree days are reflected in Sangita's small bedroom. On the blue wall is a framed photograph of a young girl posing with her sari-clad mother. Several medals for winning karate championships hang between two flags of Nepal. On the bedside table sit various shades of nail polish, and beside them is a birthday greeting card urging the receiver to ‘appreciate the moments that have filled your life with laughter and joy’.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110812110/636a36c59c7e80680e048327jpeg.jpg" alt="" width="1000" height="1447"><figcaption> </figcaption></figure><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110812110/636a36c89c7e80680e048328jpeg.jpg" alt="" width="1400" height="786"><figcaption> </figcaption></figure>Sangita and her friend Sima Basnet were at a tuition centre in the Basantapur neighbourhood of Kathmandu when a boy in a hoodie entered the room, splashed a fiery liquid on them and fled.Sangita first thought someone had thrown a balloon filled with hot water at her, but she felt her face, hands and body burn. Instinctively, she rushed out into the street and ran all the way home to her mother.When she arrived, her skin was peeling off, and Sangita was screaming in pain. Chameli Magar, poured water on her daughter, and with the help of neighbours rushed her to Bir Hospital. That is all Sangita remembers of the day.Due to her critical condition, Sangita was referred to KMC Hospital, where doctors managed to save her life but not her face. After many surgical procedures in the past four years, despite bouts of depression and fear of facing people, Sangita is now an undergraduate and has become a social activist supporting other survivors of acid attacks in Nepal.Unlike most victims who are reclusive and unwilling to talk, Sangita is confident and forthright. The more outspoken she is in public, the more Sangita feels she can be effective in exposing the misogyny and violence that lies at the root of the crime committed against her.She also wants to set the media right for how unfairly reporters treated her and her family after the acid attack. She breaks down in tears as she recalls reporters bombarding her with personal questions and forcing her to relive her trauma, even blaming her for the attack.“So many journalists came to interview me, and they all asked questions in a very insensitive manner that were difficult to answer,” she recalls. “I could feel my pain and suffering get worse.”A few days after the attack, <a href="http://archive.nepalitimes.com/blogs/thebrief/2015/03/20/police-nab-acid-attacker/" target="_blank" rel="noopener">police tracked down Sangita's attacker Jiwan B K</a> and produced him before the media. B K was unrepentant, telling reporters he carried out the acid attack to seek revenge against the Magar family for having mistreated him <a href="https://archive.nepalitimes.com/regular-columns/on-the-road/acid-attacks-caste-discrimination,463" target="_blank" rel="noopener">because he was a Dalit</a>. Some in the media insinuated that Sangita and Jiwan were having an affair and that she had rejected him because of his caste.Sangita has had four years to analyse Jiwan’s motive, and thinks it all started with a dispute over a toilet shared by several families living in her neighbourhood. Jiwan B K had an altercation with Sangita’s brother Santosh over the use of the bathroom, and the dispute escalated, leading Jiwan to take revenge on the girl.Sangita’s friend Sima Basnet, who was slightly injured in the attack, is now in India and will soon graduate in political science. Both the girls now want to devote their lives to helping victims of acid attacks by providing counselling, ensuring justice is done, and by addressing the roots of the crime in Nepal’s patriarchal mores.Meanwhile, Chameli Magar blames herself for perhaps not doing enough to protect her daughter that fateful morning four years ago. She was told she should have poured milk on Sangita instead of water to neutralise the acid, which she did not know then.Chameli was initially worried that Sangita would give up studies and work as a cleaner like herself. She supported her daughter as she overcame bouts of depression during her recovery, and encouraged her to go out more.“I never got a chance to learn how to read and write,” says Chameli. “I now clean other people’s homes for a living, I don’t want my daughter to end up like me. I am proud of her for <a href="http://archive.nepalitimes.com/news.php?id=13549#.XMGTLzAzbIW" target="_blank" rel="noopener">supporting other victims</a>, in the same way that many of us provided her with emotional support after the attack.”Thanks to her mother, Sangita has gained confidence to venture out, return to school and advocate for change. She wants the sale of acid in shops to be strictly controlled and is lobbying the health ministry to create a separate facility for acid burn patients, so they get specialised care.Sangita’s activism has inspired many people in Nepal and abroad, and has turned her into a role model. Many <a href="https://www.nepalitimes.com/banner/daughter-slaughter/" target="_blank" rel="noopener">acid attack survivors</a> have reached out to her. Sangita says she does not want people’s pity but to join her struggle for justice.Section 193 of the <a href="http://archive.nepalitimes.com/article/nation/lenient-punishment-not-a-deterrent-for-acid-attacks,2077" target="_blank" rel="noopener">Criminal Code</a>, which came into effect in August 2018, states that acid attackers will be fined up to Rs300,000 and/or be jailed 5-8 years depending on the seriousness of the attack. <a href="https://www.nepalitimes.com/editorial/corrosive-conduct/" target="_blank" rel="noopener">If the victim dies</a>, the culprit faces a murder charge.Sangita wants the punishment to be more stringent, and the law to be amended to include payment for the victim’s treatment as well as compensation. For now, her family’s main worry is that Jiwan is getting out of jail soon, and that he may attack again.<h2>Acid is a weapon​</h2><a href="https://www.bvsnepal.org.np/" target="_blank" rel="noopener">Burns Violence Survivors (BVS)</a> Nepal has been helping an average of 250 patients with burns caused by fire and acid every year. Many are women burnt by in-laws for not providing enough dowry, but the organisation has also been helping victims (almost all young women) who have been subjected to acid attacks by husbands, jealous and spurned men or in-laws. Acid is corrosive and damages human tissue by eating through the skin into the muscles and bone. The healing process is also longer than for survivors burned by fire, and acid attack survivors need specialised care.<a href="http://www.bvsnepal.org.np" target="_blank" rel="noopener">www.bvsnepal.org.np</a><h2>The Interrogation</h2>The acid attack on Sangita Magar was all over the news that week in February 2015. I used to live near the Magar residence, and knew the family, so I followed the news with interest. One morning a week after the attack, I received a phone call from Hanuman Dhoka Police.I felt a chill run down my spine since I had done nothing wrong, and wondered how the police found my number. They wanted to talk to me about a phone call I had received that morning.When I arrived, many other people were waiting to be questioned, so I felt less nervous. The police wanted to know who had called me. I told them it was my friend who lived in the neighbourhood where the attack occurred, calling to wake me up to go to my high school class.I was impressed that the police had the ability to check every number by geolocation. It was two weeks later that they tracked down Jiwan B K and arrested him.Animesh Shrestha<h2>The Das Sisters</h2><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110812110/636a36cb9c7e80680e048329jpeg.jpg" alt="" width="1400" height="933"><figcaption> </figcaption></figure>It has been eight months since the rainy night when a neighbour splashed acid on the <a href="https://www.nepalitimes.com/banner/daughter-slaughter/" target="_blank" rel="noopener">Das sisters</a> as they slept in their home in Chandrapur of Rautahat.Samjhana Das, 18, had burns to 35% of her body and was rushed to a hospital in Kathmandu, where she died an agonising death 12 days later. Her sister Sushmita, 16, survived but wears high-neck, full sleeve clothes to hide the burn scars.“I miss my sister a lot. I don’t want to go back to my village: there are too many bad memories and the same old questions that I am not ready for from people,” says Sushmita softly while waiting for a surgeon's appointment (right). She now lives with her aunt in Kathmandu because her mother is separated from her father and works in Malaysia.It was Samjhana’s testimony from her hospital bed that led to the arrest of the family’s neighbour, Rambabu Paswan, who she said used to stalk and repeatedly proposition her.After the attack, Paswan had helped the sisters’ father rush the girls to Kathmandu for treatment. At the hospital he even told Nepali Times (#929, pictured above, left) that the girls “are like daughters to me”. It was all an act.<a href="https://www.nepalitimes.com/e-paper-new/929-28-sep-4-oct/" data-elementor-open-lightbox=""></a><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110812110/636a36ce9c7e80680e04832ajpeg.jpg" alt="" width="640" height="959">Paswan is now behind bars in Rautahat Jail. Government lawyer Khadindra Raj Katuwal, who has been handling the case, said that paperwork is taking time but added: “Paswan will be in jail for life as this case is being tried as a murder.”Sushmita is in Grade 8 in a Kathmandu school, and is hoping for a better life and future.Monika Deupala<h2>Acid attack makes it to Bollywood</h2><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110812110/636a36d19c7e80680e04832bjpeg.jpg" alt="" width="1000" height="974">Laxmi Agarwal was just 15 in New Delhi when an acid attack disfigured her entire face. Since then she has become an activist, leading the Stop Sale Acid campaign to end the easy availability of acid in roadside shops. However, very few people knew about her story before Bollywood’s celebrity actress Deepika Padukone decided to make a biopic about her journey.Chhapak (Splash) is releasing in January 2020 but has already created a stir in the media, with every post Padukone shares about the shoot on social media going viral. The actress wears shocking prosthetic makeup reproducing the damaged skin on Agarwal’s face.“I never imagined that one day people would recreate the look of an acid victim, or even make a biopic on my life,” Agarwal told an interviewer, crediting the movie, and especially Padukone, for her fame. Agarwal hopes the movie will be “a tight slap on the face of my attacker, who thought he had destroyed my life”.Nepal’s own Rekha Thapa also produced a movie, Rudrapriya, focusing on acid attacks, but Bollywood’s wider reach will give the crime much more publicity. Agarwal’s story shares many similarities with the case in Nepal of Samjhana and Sushmita Das last year (see above). Like Samjhana, Agarwal was attacked as a teenager by a man twice her age for rejecting her advances. Samjhana succumbed to her injuries, while her sister Sushmita survived.Chhapak is expected to help efforts in both India and Nepal to regulate the sale of acid.

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Sangita Magar: from survivor to champion

It is only April, and Himalayan expeditions are already making rotations to acclimatise on Annapurna and Dhaulagiri, and will soon be making summit pushes.&nbsp; On Mt Everest, Icefall Doctors are fixing ropes and ladders into the Western Cwm as international climbers arrive at Base Camp. Spring 2026 is going to be the busiest and most crowded so far in the Nepal Himalaya. The main reason is that China has closed expeditions from the north side for eight-thousanders Everest and Cho Oyu, and also Xixapangma.&nbsp; The closure is informal, from what one can make out. The Chinese have not put out any official statement, but there are no permits either. The reason seemingly was the ‘Rising Dragon’ firework display last September by pyrotechnic artist Cai Guo-Qiang near Xigatse.&nbsp; Working with outdoor wear company Arc’teryx, Guo-Qiang set off an impressive sequence of orange and white fireworks that wound up a mountain. The spectacular display was criticised for damaging the fragile ecology of the Tibetan Plateau. But this cannot be the only reason the north side is closed. Experienced Everest blogger Alan Arnette anticipates that about 125 climbers will shift to the Nepal side of the mountains, and expects there to be up to 900 summits this spring — up from the highest spring number so far of 876 climbers on top in 2019.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260404050428_8c31812bf38f699c4faa74f25814a6ddaee397f71a629e549023f29250f05082.jpg" data-media-id="editor_0" data-image-id="20260404050428_8c31812bf38f699c4faa74f25814a6ddaee397f71a629e549023f29250f05082" data-rendition-name="original" width="1500" height="1000" loading="lazy" alt="mountaineering"> <figcaption>Photo: KARMA TENZING</figcaption> </figure>  The early Base Camp arrivals are having problems with their first rotations because of heavy snow this season. Unlike previous springs, this year has seen back-to-back blizzards at high altitudes since February. The increased snow load on the slopes have increased avalanche danger right across the mountains.&nbsp; There has been an increase in numbers on Everest despite the West Asia war, flight disruptions, LPG shortage and new regulations. The permit fee has gone up for the first time since 2015 from $11,000 to $15,000 this year.&nbsp; The Tourism Bill passed by Nepal’s Upper House last year would have required climbers to have first summitted a 7,000m peak in Nepal before attempting Everest. However, the Department of Tourism has confirmed that there are no new experience requirements this season. Some want this rule changed to include 7,000m peaks anywhere in the world. That could be one reason people are rushing to climb Everest before the Nepal government changes its mind and enforces the new regulations on prior experience on Everest. “It’s probably going to encourage a lot of people that simply are not ready to go,” reckons Alan Arnette. “Once again, we may see a lot of inexperienced people on the mountain trying to get in before the rule comes into place, if it does.”&nbsp; Arnette has always been sceptical of Everest regulations, and points out many instances where rules have been announced but not implemented over the ten years that he has been tracking them. For example, a helicopter ban to Everest Base Camp was announced last year, but rescinded. A rule requiring climbers to bring down waste was never seriously enforced. Since there is so much money involved for the government and for the operators, any any rule that would reduce revenue is never fully implemented. This year there is another ‘High-Altitude Trash Quota’ rule requiring climbers and guides operating above Camp 2 to collect and bring down at least 2kg of waste from the higher camps.&nbsp; The Nepal government has tried to diversify peaks on offer by reducing the royalty on climbs, but the draw of Everest, Annapurna and other eight-thousanders seems to be too great. Even when the permit fees for some remote peaks like Kangri Shar, Himlung and Api, were reduced to $400, there are few takers.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120436_a90cd44858e97086f773aa1fbd592b3434bb07d89cd4a1843b2ca32a84e7c72d.jpg" data-media-id="editor_1" data-image-id="20260402120436_a90cd44858e97086f773aa1fbd592b3434bb07d89cd4a1843b2ca32a84e7c72d" data-rendition-name="original" width="1500" height="1125" loading="lazy" alt="Photo Damien Francois"> <figcaption>Photo: DAMIEN FRANCOIS</figcaption> </figure>  TIME LAPSE Clients and expedition operators have been trying to shorten the time needed to complete an Everest expedition from the city of origin to the top and back. Since Nepal has no rules about spending a certain number of days in acclimatisation, this has allowed some expedition organisers to use new technology.&nbsp; Austrian operator Lukas Furtenbach last May led a group of four British ex-military clients to the summit within a week of leaving London. This climb was scrutinised because the group had practiced breathing xenon gas, a substance that increases the count of red blood cells and is banned in competitive sports. The climbers had also trained for months at home in hypoxic tents, and used supplemental oxygen during the actual climb.&nbsp; The success of that expedition prompted an investigation by Nepal’s Ministry of Culture, Tourism, and Civil Aviation, but there was nothing it could do because the team had taken the xenon in Germany two weeks before their trip. But even if they had administered the gas in Nepal, it would technically not be illegal. Furtenbach is firmly in favour of speed, and of using the gas. “The only reason why we are working with xenon is to make climbing safer, to protect climbers from high altitude sickness,” he says, arguing that the less time climbers spend on the mountains, the less their exposure is to disasters, sickness, and they also generate less trash.&nbsp; His firm, Furtenbach Adventure, offers a three-week Everest South Flash expedition, at a cost of €100,000, using custom oxygen systems. Other expeditions take up to two months.&nbsp; A young American duo of Ryan Mitchell and Justin Sockett got to Everest Base Camp five days ago. They are preparing for an oxygen-free summit attempt.&nbsp; ‘ Being around these mountains for one day has already brought me so much joy. Every time I come back to the Khumbu I feel more familiar and connected,’ posted Mitchell. He and Sockett have since summitted Lobuche East (6,119m) as they continue to acclimatise and wait for the Khumbu Icefall route to be fixed.&nbsp; There are other sans-O2 trips planned this climbing season in Nepal. Norwegian Kristin Harila, the fastest in the world to climb all 14 8,000ers (in 92 days), is attempting the Nuptse, Lhotse, and Everest three-peak climb without supplemental oxygen. American Tyler Andrews and Ecuadorian Karl Egloff are continuing their race to break records in Everest. While Andrews is attempting the Fastest Known Time from Base Camp to the top without oxygen, Egloff is taking it a step further and going for a round trip: from Base Camp to the summit and back in record time.&nbsp; Both Egloff and Andrews had attempted these climbs in 2025 spring, but abandoned around 7,000m due to bad weather.&nbsp; Kami Rita Sherpa wants to extend his all-time record of total Everest summits to 32, while Kenton Cool from England is chasing 20, a non-Nepali record.&nbsp; The first summits of the season will be in late April, or early May depending on weather. Besides Everest, there are a lot of interesting climbs on lesser known peaks.&nbsp; The Japanese trio of Masayuki Takenaka, Tatsuro Sugimoto, and Ryota Nomura, for example, are attempting the unclimbed Jarkya Himal (6,473m) near Manaslu. &nbsp;&nbsp; <h2>Fake rescues</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120436_600c0176e24327fd3dfcfd634e4b871f3e5314aa00eb4885ad137ac6f9c4a3b6.jpg" data-media-id="editor_2" data-image-id="20260402120436_600c0176e24327fd3dfcfd634e4b871f3e5314aa00eb4885ad137ac6f9c4a3b6" data-rendition-name="original" width="800" height="519" loading="lazy" alt="Fake rescues"> </figure>  This year’s spring climbing season has coincided with Nepal’s new government taking action against alleged perpetrators in fake rescues and insurance fraud. The Central Investigation Bureau (CIB) has already arrested more than a dozen trekking agency executives, hospital managers and helicopter company executives for medevac insurance fraud. Climbers are known to fabricate medical emergencies, get flown down from as high as Camp II on Everest, and then submit false insurance claims.&nbsp; Sometimes one flight is made to look like many using fake invoices. Trekking companies are also involved in fake rescues of hikers who just get tired of walking.&nbsp; Too many fake claims could lead to insurer’s losing confidence in the industry, and increased premiums, leading to delayed responses in real accidents.&nbsp; As a result of the scandal, there is now more scrutiny from the government about rescues. Already, helicopter operators have to wait for permission before carrying out rescues while their application is vetted.&nbsp; The worry is that this could cause unnecessary delays when time is of the essence in mountain rescue. Already, medevacs are delayed because of the bureaucracy needing permits to fly to sensitive regions bordering China. Last year, a climber died on Himlung because helicopter rescue took too long while operators ran from door to door in Kathmandu to obtain necessary permits. <h2>Mingma David Sherpa, MP</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_05c1600440327f4ae4bcae641b634714951f45702080a88d4e2628587190aa25.jpg" data-media-id="editor_3" data-image-id="20260402120432_05c1600440327f4ae4bcae641b634714951f45702080a88d4e2628587190aa25" data-rendition-name="original" width="960" height="958" loading="lazy" alt="Mingma David Sherpa"> </figure>  Meet Mingma David Sherpa, Nepal’s first mountaineer to be nominated to Parliament. Sherpa is a self-made professional climber from Rolwaling, who rose up from an expedition porter to a record-breaking mountaineer and expedition organiser. As an insider, he is now in a position to streamline laws related to Nepal’s trekking and mountaineering sector. He is co-owner of EliteExped with Nims Purja, and in 2021 the two were part of a team of Nepali climbers to be the first to make it to the top of K2 in winter, the second highest mountain in the world in Pakistan.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_c4ec586e7a27b09a72e61925a3897d843f864563d9e82a3fd3e25293e22cbe54.png" data-media-id="editor_4" data-image-id="20260402120432_c4ec586e7a27b09a72e61925a3897d843f864563d9e82a3fd3e25293e22cbe54" data-rendition-name="original" width="2082" height="1396" loading="lazy" alt="Mingama David Sherpa"> </figure>  Mingma David was also on Purja’s Project Possible to climb all the 14 eight-thousanders in six months, shattering the previous record of seven years. He was featured in Purja’s documentary 14 Peaks: Nothing is Impossible.&nbsp; At age 30 he became the youngest climber to reach the top of all 14 eight-thousanders for which he was awarded the Piolet d’Or. Mingma David has taken part in dozens of successful rescues of fellow climber, including the highest ever long-line rescue on Dhaulagiri and saving the life of fellow-climber from 8,600m on Everest. <h2>April Fool</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_775afff27d4a2889a60730aa25bbc5f8eb8ea343528c8c031a6febbfd74814c4.jpg" data-media-id="editor_5" data-image-id="20260402120432_775afff27d4a2889a60730aa25bbc5f8eb8ea343528c8c031a6febbfd74814c4" data-rendition-name="original" width="1365" height="1820" loading="lazy" alt="Furtenback Adventures"> </figure>  The Austrian expedition outfitting company Furtenbach Adventures spoofed the anticipated crowds on an April First post on social media this week, showing ‘a fully galvanized, weather-resistant steel staircase, complete with a sturdy handrail’ to make the Hillary Step bottleneck on Mt Everest less dangerous.

Nepal Himalaya Spring 2026

The war in West Asia has exposed the fragility of the economic architecture Nepal has built on over two generations. If the conflict continues, growth across developing Asia will slow and prices will rise. For Nepal, this will be felt through higher living costs, weaker economic activity, and growing uncertainty for the millions of families who depend on remittances.&nbsp; Nepal now needs to structurally transform from exporting labour to investing in domestic job creation. &nbsp; The country's current path toward a knowledge economy has a blind spot. A <a href="https://iids.org.np/wp-content/uploads/2025/02/unleashing.pdf" target="_blank">report</a> by the Institute for Integrated Development Studies (IIDS) in Kathmandu shows that IT export companies alone generated 7,228 jobs and income for 66,509 freelancers.&nbsp; We are building digital labour export, not an economy that accumulates institutional knowledge. The Nepali Upwork developer and a migrant construction worker in the Gulf are engaged in the same economic activity, but with different tools. Nepal’s reliance on a <a href="https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=NP" target="_blank">remittance-driven economy,</a> means the country has failed to create enough <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">quality jobs</a> at home. For millions of young people, leaving the country is not a choice but a necessity to survive and support families back home. <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">Remittances</a> have no doubt helped reduce poverty. Thirty years ago, 55% of Nepal’s population lived on less than $2.15 a day, now it is 20% after the absolute poverty line was revised upwards. This progress has come at a cost — &nbsp;an economy that depends more on exporting workers than creating opportunities at home. This development reflects a deeper political failure to create meaningful jobs within the country. Since the democratic transition in 1991, Nepal’s leadership has largely recycled the same faces, with limited progress on job creation or industrial growth.&nbsp; Nepal cannot build a <a href="https://nipore.org/accelerating-nepals-startups/" target="_blank">knowledge economy</a> while its most ambitious people are outbound to Doha and Tokyo. We are also not just losing ‘labour’. We are losing the entrepreneurial risk tolerance of our youth.&nbsp; If the most ambitious 25-year-olds are abroad, who is left to support innovation and entrepreneurship? The same people who are working tirelessly abroad, are our biggest asset for development. Their work ethic and the know-how inurban renewal could well fit into the new RSP government’s mandate of 7% annual growth.&nbsp; The <a href="https://english.biznessnews.com/posts/-nepal%E2%80%99s-it-exports-cross-1-billion-" target="_blank">$1B milestone</a> of IT exports is a celebratory moment for Nepal. However, that cannot lead to a pathway to a $100 billion economy without innovation ecosystems that go beyond individual labour export. Companies like SecurityPal and industry associations such as NASIT have made significant efforts in building such an environment, recently championed by private sector leaders as a &nbsp;<a href="https://www.securitypalhq.com/blog/silicon-peaks" target="_blank">Silicon Peaks</a> model that emphasises a home growth tech cluster. The need to accelerate this transition is even more urgent with the escalating conflict in West Asia. &nbsp;The recent International Labour Organisation (ILO) <a href="https://www.ilo.org/sites/default/files/2026-03/Nepal%20LDC%20Graduation%20Employment%20Impacts%20Report.pdf" target="_blank">report</a> shows that LDC graduation is expected to adversely impact manufacturing with losses of $1 billion by 2030.&nbsp; If manufacturing takes such a large hit from losing trade preferences, then Nepal’s services and IT sectors need to structurally transform and shift from exporting individual talent to building firms. &nbsp; A generation’s frustration has finally forced a shift in Nepal’s political structure, handing the new government a clear mandate to fix failures. But the question still persists: what prevents Nepal from achieving sustained, productivity-driven growth? &nbsp;&nbsp; RSP is in the right place at the right time to put Nepal's economy on a firm footing. At the heart of Nepal’s economic underperformance lies a major development binding constraint: low returns to investment on projects.&nbsp; The government invests like a high-growth economy, with gross capital formation at around <a href="https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS?locations=NP" target="_blank">25–30 percent of GDP</a>. Yet economic growth remains modest. The problem is not how much the country invests, but how little it gets in return. One way to see this is by looking at how much investment is required to generate growth.&nbsp; Nepal needs large amounts of capital to produce relatively small gains in output (graph, below). For instance, in 2024, the ICOR was 8.29, this suggests that Nepal had to invest more than 8 units of capital to produce a one unit of additional economic output.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811.jpg" data-media-id="editor_9" data-image-id="20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811" data-rendition-name="original" width="1827" height="925" loading="lazy" alt="Economy graph"> <figcaption>Source: Author's calculation based on a Growth Diagnostic simulation</figcaption> </figure>  This reflects a deeper issue in how investment is allocated and executed. Capital is often locked in low-productivity sectors or diluted by delays, inefficiencies, and policy uncertainty.&nbsp; As a result, even high levels of investment fail to translate into sustained growth. Until investment shifts toward productive, firm-building activities, higher spending alone will not deliver results. &nbsp; To reverse this, the government must focus on raising the returns to investment by enabling firms to grow and compete. This requires a shift from managing scarcity to creating an environment where capital can generate consistent and predictable returns. A central priority should be given to attracting and retaining both domestic and foreign private investment. Investors do not just respond to direct incentives, but also to policy stability in the country. Nepal’s economy cannot sustain high growth if its human capital continues to leave the country.&nbsp; The goal should not simply be to create jobs, but to build companies that scale, innovate, and compete beyond Nepal. This requires supporting sectors with strong productivity potential and ensuring that firms can expand without being constrained by infrastructure gaps or regulatory friction. Finally, the state must improve the quality of its own investment. Public spending should focus on lowering the cost of doing business through reliable electricity, efficient logistics, and digital infrastructure.&nbsp; The GenZ movement took two days to bring change. The economic transformation of Nepal might take a generation. The RSP can accelerate this transition, but only if it focuses on building a better investment climate for business and not just feeding the global labour pool. Kailash Raj Pandey is an MPA/ID and MBA candidate at Harvard Kennedy School and MIT Sloan School of Management and a fellow at MIT Kuo Sharper Center for Innovation and Prosperity.&nbsp; Siddhartha Raymajhí is a policy researcher based in Kathmandu.

Creating a firm future for Nepal

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