Severe unemployment crisis: Pressing need for reforms

Nepal is currently grappling with a severe unemployment crisis that has pushed many young workers to seek opportunities abroad. With an economy heavily reliant on low-productivity agriculture and struggling to diversify into manufacturing and services, the country’s growth has stagnated. Compounding this issue is a growing mismatch between the skills of graduates and the needs of the labour market, alongside an outdated education system. As a result, young Nepalis are confronted with an escalating cycle of high unemployment and underemployment.