Addressing economic woes

We must reinvent our economy to escape the throes of an unstable environment.

Almost two years into the pandemic, there seems to be no sign of it stopping. The resurgent nature and the ever-mutating virus seem to come back stronger and more resilient, wreaking havoc amongst the people. Just as things look to improve, a new variant sends the entire world scurrying for cover. The constant lockdowns have decimated economies in every corner of the world, especially those that rely heavily on the service sector. And it is no exception for Nepal; mainly reliant on tourism, the industry has been grappling to come to terms with the effects of the pandemic since 2020, with most of the businesses now reinventing themselves to cater to the domestic market.