President Paudel Expresses Confidence in Socialist-Oriented Economy

Kathmandu. President Ram Chandra Paudel has expressed confidence that the constitutional arrangements envisioned for building a socialist-oriented economy in the country will materialize. He expressed heartfelt wishes for happiness, peace, and prosperity to all Nepali working sisters and brothers at home and abroad on the occasion of World Labor Day (May 1, 2026). He also wished for the assurance of labor rights.

He stated, "For the economic prosperity of the country, it is necessary to increase domestic production through the development of entrepreneurship, emphasize the use of domestic products, and build a self-reliant and independent economy. Both entrepreneurs who invest capital and laborers who invest labor and skills are equally important for the development of entrepreneurship, therefore, production and productivity must be increased by creating a dignified labor environment."