Reviving industries in Nepal

Nepal’s industries, in particular, need empathetic policy support from the government to end the liquidity crunch.

It was not a phase of economic growth for the South Asian economies, including Nepal, right before the Covid-19 pandemic made an unprecedented contraction that was termed by India’s Central Bank Reserve Bank of India as ‘historic technical recession’. A trend of shrinking consumption and investment entered further into the downward spiral with the global pandemic halting the normal business operations and letting lives and livelihoods suffer unimaginable losses.