Nepal’s recent election results could potentially reset its ties with India, as a strong government is anticipated in the Himalayan nation. The India-Nepal Treaty of Peace and Friendship, dating back to 1950, forms the foundation of their relations, emphasizing open borders and cultural connections. Despite being key partners, the relationship has experienced fluctuations due to various factors like border disputes and political influences.
India’s External Affairs Ministry has expressed support for peace and stability in Nepal, providing logistical assistance for the elections. The successful conduct of the elections on March 5 has been acknowledged, with India looking forward to enhancing the multifaceted ties with Nepal. Former Ambassador to Nepal, Jayant Prasad, highlighted the importance of a clear mandate for good governance emerging from the elections.
While China’s influence in Nepal has been growing, the upcoming government formation by the Rastriya Swatantra Party (RSP) may not lead to an immediate shift in diplomatic dynamics. The party’s manifesto, omitting a significant project near India’s sensitive Siliguri corridor, signals a potential change from the previous pro-China stance. Additionally, the RSP has pledged to review the long-standing currency exchange rate with India, aiming to involve international experts in the assessment process.
The RSP’s projected PM candidate, Balen Shah, is viewed as a nationalist figure advocating for a balanced approach towards India and China. Emphasizing a “Nepal First” policy, Shah aims to prioritize national interests over aligning with either neighboring country. His past actions, including displaying a “Greater Nepal” map and advocating for Nepal’s sovereignty, reflect his commitment to the nation’s welfare.
As Nepal gears up for a single-party government under Shah’s leadership, economic issues and employment are in focus. With India being Nepal’s primary trading partner, followed by China, the new government’s policies are expected to prioritize national development and economic growth.
