Though the number of Nepalis selling their property and investing in the US is still not very big, the trend is catching up and it won’t come as a surprise if that number swells in the future for two primary reasons. One, the existing political situation is bad and it doesn’t look like it will get any better in the foreseeable future. Two, there are already over 200,000 Nepalis (and growing) in the US who are increasingly getting disenchanted with the never-ending crisis in Nepal, thus opting to settle down there. The flight of capital is already adding to Nepal’s woes, which is facing major problems because of a dip in remittance growth, decline in exports and surging imports. When the trend picks up, one can only imagine what impact it will have on the economy.
Thousands of Nepalis have been temporarily migrating to other countries either for work or study, primarily since the advent of democracy in 1990, because of the lack of opportunities here in Nepal. If instead of temporary migration, Nepalis are opting to permanently settle down abroad, we can very well gauge how things have turned from bad to worse in the country. The responsibility of salvaging the situation in hand lies with our leaders. The first step in that direction is to ensure security of people’s life and property; provide basic services and facilities; write the constitution by the stipulated timeframe; and hold general elections.
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