‘Invest in human capital development to unleash Nepal’s growth potential’

Admin     21 Aug, 2018

Nepal needs to increase investment in human capital development to unleash the growth potential of the country, according to a labour expert.

The International Labour Organisation (ILO) has cited low investment in human capital as the major obstacle for the country to leap forward. Outmigration of youths is rampant as the country has been unable to generate jobs for around 500,000 youths that enter the job market every year and only 20 per cent of them are absorbed in the domestic labour market. More worryingly, only around seven per cent of the workforce is in the organised sector. Read more...