<img width="2106" height="1404" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a56fd9c7e80680e0547b7jpeg.jpg" alt=""/>"I see some of the guests eyeing the galouti kebab and let me tell you, it is not my intention to stand between you and the kebab," said the always jovial Indian Ambassador Manjeev Singh Puri as he inaugurated the Lucknowi Food Festival at Hotel Radisson last week. Indeed, many of the invited guests followed his advice and made a beeline for the mutton.The festival of Lucknow cuisine brings Kathmandu closer to the dishes of northern India, centred in the seat of the Mughlai nawabs. Lucknow specialities are as easy to eat as they are difficult to make. The galouti kebab is one of them."The lamb is finely minced, mixed with aromatic spices, and pan roasted," said Master Chef Shabir Ali as he demonstrated the technique at a live kebab stall. Ali, who came in specially for the festival from Radisson Lucknow, has prepared a kebab so fine that it melts in the mouth, going well with the ulte tawa ki roti (flatbread cooked on an upside down pan).Vegetarians need not miss out on this famous dish, as there is a veg lookalike, soy ki tikki, made in the exact same manner but using soybeans. Sheermal, a plump, rounded bread with generous doses of saffron, is just the right accompaniment to these spicy starters.  <figure><img width="2147" height="1431" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108141116/636a57009c7e80680e0547b8jpeg.jpg" alt=""><figcaption>Photos: Monika Deupala</figcaption></figure>You can also begin your meal with flavourful paya ka shorba – a clear soup made from lamb – or the dense and filling vegetarian option, makai dhania ka shorba (maize and coriander soup). For appetisers you can have the spicy chana maslewala, made of chickpeas, or the mutton-based gosht ke sev.No Lucknowi cuisine is complete without the biryani, and that is where the longest lines formed on opening day. Whether you go for the vegetable version or the chicken one, it contains a delightful mix of rice, spices, and vegetables or meat. The biryani goes well with pungent and sour raita (flavoured yoghurt), and other accompaniments, like nawabi kofta (potatoes stuffed with dry fruits and simmered in tomato gravy) and mahi korma shaan-e-gomti (rich chicken gravy). The dal khushk Lucknowi is something new to the Kathmandu palette: uncooked mung dal soaked and mixed with raw tomatoes and onions.Then there are the varieties of Lucknowi desserts – from cold kulfi to piping hot badam ka halwa. One has a choice of hard revdi (ball of jaggery and sesame seeds) or the soft ravdi (sweetened condensed milk with spices and nuts). There seemed to be a lot of sweet teeth around last week at the Radisson, because everyone was trying everything.Lucknowi Food FestivalUntil 15 SeptemberThe Fun Café, Radisson Hotel Kathmandu

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Now, Lucknow

<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110814114/636a544e9c7e80680e0523a2jpeg.jpg" alt="" width="1500" height="1192"/>Mughlai food, or the food of the Mughal emperors of India, is known to be rich, spicy and meaty. Though Mughlai cuisine is known for its meat dishes, Kakori at Soaltee Crowne Plaza is also making an effort to cater to vegetarians.The restaurant has brought in chef Hardev Saini, who adds even more exotic flavours to the menu. His platter of vegetarian appetisers is, well, appetising: beginning with Alu Nizashe. Whole potatoes are peeled and roasted, and served on skewers. Combined with yoghurt chutney and green chili chutney, the potatoes make for a crunchy start to the meal.Khumb kaju ki galawat tastes as exotic as it sounds. The little nuggets are made of mushroom and garnished with a cashew, but they look and taste very much like mutton. These minibytes go well with warki paratha, a rich, buttered flat bread. The veg kofta biryani is a pleasant surprise – a packet full of mild and delicious flavours that provide the full satisfaction of biryani minus the meat.You can savour all this and the more usual Mughlai cuisine from Lucknow at an ongoing  food festival at Kakori restaurant, famous for its north Indian dishes. While most Indian and Nepali food can be made at home, Mughlai cuisine is complicated to prepare and needs slow cooking over low heat for hours and sometimes days at a time.For meat lovers, Kakori offers the usual delights from Chef Hardev Saini. Gosht Seekh Gelafi, a type of minced chicken dish mixed with an array of aromatic spices, onion, coriander and capsicum, is a pure a burst of flavours when served with mint chutney. Kalmi Kebab is a classic tandoori chicken marinated with garlic, onion, cashew, yogurt and spices, and is so soft it melts in one’s mouth. Equally tender is Kundan Kaliyan, almost a typical mutton curry except cooked in brown onion and brown nuts, enhancing its flavour.Galouti (which literally translates as ‘soft’) Kebab is another lamb dish, this time based on minced meat marinated with ground spice powder. This delectable kebab with strong hints of green cardamom is often served with a tang of lime and coriander leaves. There is also an option of Keema paratha for those who would like to go for Mughlai’s complete non-veggie experience.But the highlight of the meal has to be Kakori’s dessert selection, which we were pleasantly surprised to learn includes the unique mirch ka meetha (pictured above). Chili does not sound like a great option for dessert, but here the chef minces red capsicum finely, fries it and later adds the sweeteners, making a dish as rich and delicious as gajar ka halwa. In fact, it is so flavourful that one forgets it is made of capsicum.Kakori will be revising its menu after the festival, so several dishes that are most popular vegetarian dishes during the event will be incorporated into its menu. Food lovers can also enjoy soothing musical numbers with their meal as gazal performers croon nearby.Mughlai Food FestivalKakori, Soaltee Crowne PlazaUntil 31 August

Yes, Mughlai cuisine can be vegetarian

https://youtu.be/DMUFXGzaWRkAs you walk through an entrance resembling India Gate accompanied by the strains of street music, you will be refreshed by a clay cup of Chaas or Lassi. Further in you will find a miniature version of Chandni Chowk, also famously known as the Street Food Capital of India.Delhi’s food culture is an amalgam of Mughlai, Persian, and North Indian cuisine and the ‘<a href="https://www.facebook.com/events/2201606233400669/">Dus Din Dilli Ke’</a> (Ten Days of Delhi) food festival does not miss any of these. The 10-day culinary extravaganza at <a href="https://www.hyatt.com/en-US/hotel/nepal/hyatt-regency-kathmandu/kathm/dining">The Cafe in Hyatt Regency Kathmandu</a> that starts Friday offers an unlimited buffet of scrumptious delicacies from Delhi till 24 June.Santosh Kumar Koradi, the Executive Chef at Hyatt Regency Kathmandu, was born in South India but was brought up in the North. While he openly admits to succumbing to the fusion side of Indian cuisine, Koradi always felt a sense of belonging towards the food on the streets of India. So when he got an opportunity to showcase Indian cuisine in Kathmandu, he passionately went for what he loves: Delhi’s authentic street food.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107111148/6368e2fd9c7e80680e03335ajpeg.jpg" alt="" width="1000" height="667"/><figcaption>Chicken Tandoori. Photo: BIKRAM RAI</figcaption></figure>Give yourself a royal treat, as you choose from the varieties of beloved paranthas brought straight from Delhi’s famous Paranthe Wali Galli. Or if you want to feel like Bollywood actors who reportedly visit Old Delhi’s narrow streets for spicy and crunchy treats, there will be a separate counter for chaats and golgappas as well.“We have had numerous food festivals before on a monthly basis, but this one is completely different, and on a much larger scale. We have been planning it for six months and preparing the ingredients for 15 days prior to the event,” says Koradi. “We have four hours of splendid buffet with more than 100 Indian dishes.”Read also: <a href="https://www.nepalitimes.com/banner/martial-art-to-momo/">Martial arts to momo,</a> Sikuma RaiThe festival brings together more than 100 masala-enriched and lip smacking food items from a city that is a melting pot of ethnicities, with treasured recipes passed down through the centuries. Myth has it that butter chicken or murgh makhani in Hindi was accidentally created by the three founders of Moti Mahal in Delhi when they tossed Tandoori Chicken in tomato gravy, rich in butter and cream, by mistake.But your encounter with the Butter Chicken here at the festival won’t be accidental. The dish is Chef’s favourite, and chances are he might make extra effort on it. Combine it with Rumali Roti, another favorite of the Chef, and you will end up with a hearty meal.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107111148/6368e2ff9c7e80680e03335bjpeg.jpg" alt="" width="640" height="480"><figcaption> </figcaption></figure>Kebabs and Biryanis are an integral part of Delhi’s Mughlai cuisine. If you are confused by the mind-boggling variety, Chef Koradi will give you a crash course on their history and preparation methods. It may make your decision even more difficult, but will surely make your indulgence more informed.And vegetarians also have reason to cheer with dishes like Lal Paneer Tikka, Bhutte ke Kebab, Dal Makhani, Baigan ka Bharta, Mutter Paneer, etc. Delhi’s renowned creamy, milky and nutty sweets like Kesar rasamalai, Phirni, Jalebi etc have a separate counter in the restaurant. Make sure you watch what you eat and leave some room for desserts.Read also: <a href="https://www.nepalitimes.com/business/arniko-lunch-for-executives/">Arniko lunch for executives</a>, Sikuma RaiWith a team of 57 chefs from the Rox Restaurant, Banquet Team and The Cafe, Chef Koradi is commander-in-chief of what promises to be foodie heaven. For those who haven’t yet been to Delhi, here is your chance to taste it.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107111148/6368e3029c7e80680e03335cjpeg.jpg" alt="" width="640" height="853"><figcaption> </figcaption></figure><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107111148/6368e3069c7e80680e03335djpeg.jpg" alt="" width="640" height="853"><figcaption> </figcaption></figure><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221107111148/6368e3089c7e80680e03335ejpeg.jpg" alt="" width="640" height="853"><figcaption> </figcaption></figure>Dus Din Dilli Ke15-24 June, 6:30-10pmThe Cafe, Hyatt Regency KathmanduBouddha, (01) 5171234Rs2,200 (excluding taxes)

Dus Din Dilli Ke

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

Samsung Nepal has opened pre-orders for the Galaxy A57 5G and A37 5G. Both phones run Samsung’s One UI 8.5, featuring AI capabilities like voice transcription, Circle to Search, and photo editing. They feature a 50MP triple-camera system, a Super AMOLED display, and six years of OS and security updates.

Galaxy A series

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.

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