The ventilator economy gets its chance—it’s time to act

Exhausted population awaits quick, tangible and meaningful results on the government’s growth and governance promise.

Free-market orthodoxy requires functioning institutions, honest courts and a rule-enforcing state. Nepal lacks these. Instead, it has a business community shielded by syndicates, political appointees in ministries and a governing class that confuses rent extraction with wealth creation. Nepal needs a competent government—lean, digital, transparent and ruthless about dismantling the mafias that have stifled productive enterprise.