Nepal, a small South Asian country located between India and China, has been facing political instability for many years. Despite some progress made in the last decade, the situation has not improved much, and the country is still struggling to maintain a stable government. The ongoing political instability has had a significant impact on Nepal’s economy, leading to an economic crisis that has been affecting the lives of ordinary people.
Nepal’s political instability can be traced back to the 1990s when the country transitioned from an absolute monarchy to a constitutional monarchy with a multi-party democracy. However, political parties were unable to work together effectively, and frequent changes in government have prevented Nepal from making progress in terms of development and governance. The situation worsened in 2006 when a decade-long Maoist insurgency came to an end, but the country was left with a fragile peace process and weak governance structures.
In recent years, Nepal has seen a series of political issues that have made it difficult for the government to function effectively. The situation back then was very difficult because we were experiencing a government that lasts less than a year.
In 2015, a devastating earthquake hit the country, causing widespread damage and loss of life but the government even failed to provide aid to the victim and their families. The government’s response was widely criticized, and this led to protests and calls for the Prime Minister to resign.
Within a few months, a blockade was made by the Indian government. Later, they denied to take responsibility and blamed the Terai Madesh protest. Hence, the problem was solved at the end of that year. After that time, the government continues to fail to maintain stability. In 2018, a new government was formed after a long period of political instability, but it was short-lived, and the country was plunged back into crisis in 2020.
The COVID-19 pandemic has further exacerbated Nepal’s economic crisis, with the country facing a sharp decline in tourism and remittances, which are two of its main sources of income. The government has struggled to provide adequate support to the population, and many people have lost their jobs or seen their incomes reduced. The situation has been made worse by a severe shortage of essential goods, including medicine and fuel, which has led to long queues and price hikes.
It has also had a significant impact on the country’s infrastructure, with the government unable to invest in necessary projects such as roads, bridges, and airports. This has made it difficult for businesses to operate and has hindered economic growth. The situation is particularly challenging in rural areas, where many people lack access to basic services such as electricity, clean water, and healthcare.
Therefore, the political instability in Nepal continues to cause economic crises that are affecting the lives of millions of people. The government must work towards building a stable political environment that can support economic growth and development. This will require cooperation between political parties, investment in infrastructure, and support for businesses and individuals affected by the ongoing crisis. Further, the government should focus on the programs that will help to boost the GDP. They should focus on export and production within the country. Only then can Nepal hope to overcome the challenges it faces and build a better future for its citizens.
