Nepal is set to graduate from Least Developed Country status in November 2026, but a report by the International Labour Organization warns of significant economic risks. The country could lose nearly USD 988 million and around 132,000 jobs over five years due to the end of trade concessions. Manufacturing sectors such as carpets and textiles may see exports decline sharply. While GDP is projected to reach Rs 29 billion by 2030, the report suggests tourism investment could offset losses by creating over 100,000 jobs.
