You know something can go from bad to worse or from good to better but for Nepalese economy is now from bad to worst. King Gyanendra is trying his best hang on to the power with the support of the police and the army. From what you can read media reports from around the world, people from all walks of social life are taking part in daily protests and it seems that more and more people in more and more towns and cities are joining the protest marches that have become daily rituals for many people in the country. Two weeks of continuous mass protests have already cost some irreplaceable human lives and if the current stalemate continues then more lives will be lost. More than this, I am concerned about the destruction caused to the Nepalese economy by the current political crisis.
Two weeks of all out protests means two weeks of loss of National production. There is hardly any activity in Nepal's Stock Exchange. When I visited this website, I could find the information of transaction of 17 April 2006. In any mass protest in South Asia, damaging vehicles and attacking government offices are perhaps standard practices (because this is perhaps the best way to put pressure on an autocratic regime) and the same thing happened here too. So, the Nepalese economy is now in heading towards the worst condition in the history of this country. Even if everything becomes normal tomorrow, the impact of this crisis on Nepalese economy will remain for a long time.
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