Nepal's capital is Kathmandu – a city with over one million people. There are several other sizable cities, most of which are located in the southern Terai districts right next to India's border. Many of the people in the country have a poor level of education, suffer from bad health and earn very little money. The potential for economical growth in the country is seen as being in agriculture, export-orientated manufacturing, hydropower generation and tourism. Unfortunately it is unlikely that this potential will ever be realized locally due to lack of funding. Major investments by the public and private sectors are needed.
While government has taken many positive steps such as creating policies that free up trade and establishing a convertible currency, the country still remains heavily reliant on agriculture which means that bad weather can result in a bad gross national product. Noting this trend, the government has taken steps towards more sustainable growth by focusing on encouraging other countries and firms to invest in hydropower development and exports. They have developed a well-thought-out program which should, in time, see the economy go from strength to strength. The principle growth sectors are in tourism, transport, telecommunications and hydropower generation. If you want to invest in Nepal, now is the time to do it.
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