Economic development, per capita income growth, GDP and all the measures of economic growth are directly linked to the state of political stability the nation. In Nepal, growth in inflation is in 2 digits while annual growth rate is below 4%. State of balance of payment in negative while NEPSE Index is extremely low. Virtually, nation is fed by remittance earned through foreign employment, especially middle east and Malaysia.
The most important cause of low economic development in Nepal is political instability prevailed for almost two decades, especially after the failure of first elected parliament after the great political change of 1990s. 12 year long armed conflict, fragile post-conflict political situation and total failure of political parties and leaders and more importantly, internal conflicts of political parties are the root causes of political instability in Nepal that is leading the nation towards the direction of failure country.
In this context, current political leadership should leap out of this quicksand with crystal-clear vision and strong willingness.
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