Nepal is losing export opportunities every year. How can it be revived?

The Nepal Development Update by the World Bank has assessed that Nepal is missing out on export opportunities amounting to over Rs 1.2 trillion annually. The report states Nepal has missed out on various opportunities as the country has not utilised its resources.

In the last fiscal year, Nepal exported goods worth Rs 157 billion. If Nepal had exported at its full capacity, the total export could have been Rs 1.384 trillion. The World Bank has made this calculation based on the gravity model of international trade, considering the size of Nepal’s economy, geographical location and level of development.