Innovate To Elevate

Nepal is set to graduate to the status of developing country from the least-developed one in 2026. This will be indeed a significant milestone in the country's development trajectory. However, the transition is likely to bring a set of formidable challenges. The duty-free market access and special privileges Nepal is currently enjoying in international trade will come to an end, forcing it to compete with advanced economies on an equal footing. In order to navigate the impending difficulties successfully, fostering innovation in micro, small, and medium enterprises (MSMEs) and start-ups is essential.