Nepal lies between two of the fastest growing economies of the world, India and China. This must has created a lot of business opportunities within the country. But, Nepal is not chosen as the best country for doing business. Starting a new business in Nepal is not for the ones who lack boldness and courage.
People are fascinated by the word ‘Business’ and ‘Entrepreneurship’. But it is not as easy as everyone thinks. Business is very uncertain and it depends upon many factors.
Nepal was placed at a low 118th out of 144 nations on Forbes annual list of the best countries for business in 2015. Due to high level of corruption, little trade and monetary freedom, Nepal has been ranked so low.
In 2017, Nepal was ranked 109th in the Forbes list of the best countries for Business. The rank are determined by rating on different factors: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, workforce, freedom(personal, trade and monetary), red tape and investor protection.
In the context of Nepal, there are a lot of potential business opportunities. Business with a very low capital to millions of investment are possible in our country.
Nepal has a lot of potential in Agriculture, Tourism and Hydropower. So, if these sectors would also be explored then the economic condition is certain to grow.