Nepal’s export conundrum

We need subsidies that are not only based on export turnover but on export innovation too.

Nepal’s export value hit Rs141 billion in 2020-21 after approaching the Rs100 billion mark for two consecutive years since 2018. In the last fiscal year, the country finally achieved the target it had first set in its three-year Development Plan in 2013-16 to raise annual exports to Rs100 billion (approximately $1 billion). This achievement, in one of the most vulnerable sectors of the economy, is admirable, but it remains a matter of intellectual curiosity.