‘Too scared’: How Nepal violence is still hurting India border trade
Summary
Recent violence in Nepal has disrupted trade at the India-Nepal border, affecting local businesses in Raxaul, India. Protests in Nepal led to border closures and reduced shopping activity from Nepalese customers, impacting Indian traders who rely heavily on cross-border business.Key Facts
- Protests in Nepal began on September 8 and have resulted in 72 deaths, including an Indian national.
- The India-Nepal border was closed for a week due to the violence, but limited cross-border shopping continued with special permissions.
- Raxaul is the last market in India before the Nepal border and depends heavily on Nepalese customers.
- Over 90% of businesses in markets near the border rely on trade with Nepalese citizens.
- India is Nepal's largest trading partner, handling two-thirds of Nepal's merchandise trade.
- Total trade between India and Nepal was $8.5 billion in 2024-25, with India's exports at $7.3 billion and imports at $1.2 billion.
- Violence forced Nepal's Prime Minister KP Sharma Oli to resign, with Sushila Karki appointed as interim prime minister.
- Businesses are still suffering from reduced customer spending due to the fear of potential violence.
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