ABM - Nepal Commerce and Economic Podcast
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Podcast Overview
<p>Analytics and strategic insights for the leaders shaping Nepal's economy. ABM - Your decisive advantage.</p>
Language
🇺🇲
Publishing Since
6/2/2025
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Recent Episodes
June 22, 2025
The Quiet Revolution of Jugaad and Social Innovation in Nepal: How Ingenuity and Grassroots Initiatives Are Solving Everyday Problems More Effectively Than Government Programs
<p>Imagine a farmer named Gopal Malhari Bhise. One day, while watching another man struggling to carry sacks of flour on his bicycle, he wondered: what if the bicycle could be used for more than just transportation? Soon, he dismantled the rear wheel of his bicycle and, using scrap materials, built a unique weeding device that allowed him to cultivate the land without a tractor or bullocks. This simple yet brilliant story is the perfect embodiment of the concept known as "jugaad".</p><p>Term"jugaad", which comes from Hindi, describes not just an improvised solution created from meager resources, but an entire philosophy. It is the art of doing more with less, finding opportunities in difficulties and turning limitations into advantages. It was originally a survival tactic on the streets of India, where washing machines were turned into yogurt makers. Today the principles Jugaad— flexibility, cost-effectiveness and inclusiveness — are being studied and implemented by global corporations such as Philips, Google and GE, seeing them as the key to innovation in the face of global economic instability.</p><p>Nowhere is this spirit more evident than in Nepal. A quiet revolution is unfolding in a country struggling with deep socioeconomic and geographic challenges. Faced with systemic inefficiencies and gaps in public services, ordinary citizens and grassroots innovators are applying the principles ofJugaad to create solutions that are often more effective, sustainable, and locally tailored than large-scale government programs. This report explores how this bottom-up ingenuity is not only solving everyday problems in energy, agriculture, waste management, and education, but also creating unique and viable business models from scratch.</p>
June 22, 2025
The Future of Work in Nepal: Which professions will disappear under the onslaught of AI / ABM special project
<p>Imagine two scenes unfolding simultaneously. The first is on the slopes of Annapurna, where an experienced Sherpa guide, drawing on knowledge passed down through generations, leads a group of trekkers along a tried-and-true route, reading the weather from the wind and clouds. The second is in a bustling office in Kathmandu, where a young data scientist, a local university graduate, uses predictive analytics and machine learning models to optimize that same trekking route, calculating avalanche risks and offering clients personalized plans based on their fitness.</p><p>This contrast is not a fantasy, but a vivid illustration of the reality Nepal is on the cusp of. Artificial intelligence (AI) is no longer a distant concept from Silicon Valley, but a powerful force capable of fundamentally reshaping both traditional and cutting-edge sectors of the Nepalese economy.</p><p>Nepal is at a unique point in its development, having recently graduated from the category of least developed countries (LDCs) to the category of lower middle income countries, the state faces a double challenge. On the one hand, it needs to address the classic development problems of fighting poverty, developing infrastructure, and strengthening institutions. On the other hand, the country finds itself at the epicenter of a global technological revolution that is not waiting for old problems to be solved. With a GDP of about $40.91 billion in 2023, Nepal's economy is small by global standards, making it both more vulnerable to external shocks and potentially more flexible for rapid transformation.</p>
June 22, 2025
Nepal's Next 'Economic Engine': Deep Dive into Undervalued Sectors and Breakthrough Ideas for Sustainable Growth
<p>In a small village in the Himalayan foothills, a family gathers around a smartphone. On the screen are the faces of their son and brother, who works on a construction site in Malaysia. Moments later, another remittance hits their bank account – a lifeline that puts food on the table, pays for school, and maintains a decent standard of living. The scene, repeated in thousands of Nepalese homes, captures the essence of the country’s central economic paradox. Nepal has achieved remarkable success in virtually eradicating extreme poverty – an achievement made possible in large part by money sent home from abroad.</p><p>But behind these impressive statistics lies a disturbing reality. This success has been achieved without transformative domestic growth, significant investment, or the creation of quality jobs. For nearly three decades, the country's economy has grown at an average rate of just 4.2% a year, lagging behind most of its South Asian neighbors. Dependence on remittances, which account for about 25% of GDP3, has created a "Dutch disease"-like effect: it has undermined the competitiveness of domestic exports and perpetuated a cycle of migration in which the country exports its most valuable asset - its youth.</p><p>Now, with remittance growth expected to slow and the limitations of the current model becoming increasingly apparent, the big question arises: Where will Nepal's next, more sustainable economic engine come from?</p><p>The answer lies not in one silver bullet, but in a strategic and synergistic pivot to a portfolio of undervalued but high-potential industries. Nepal’s future prosperity depends on its ability to leverage its unique strengths—rich culture, young and dynamic workforce, and unique geography—to develop four key sectors: <strong>creative ("orange") economy</strong>, <strong>high-tech agriculture</strong>, a rapidly developing sector <strong>digital services </strong>and highly profitable <strong>health tourism </strong>It is these areas that are capable of building a sustainable, inclusive and modern economy.</p>
103 total episodes available
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- What is ABM - Nepal Commerce and Economic Podcast?
<p>Analytics and strategic insights for the leaders shaping Nepal's economy. ABM - Your decisive advantage.</p> - How often does this podcast release new episodes?
This podcast updates daily.
- Where can I listen to this podcast?
This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
- Does this podcast accept guests?
No, this podcast does not typically feature guests.
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