En cashing Celebration

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I recently wrote on the economic benefits of the music industry in a given area/ town. While the article was focused on concerts (leading to a minor week long festival), a more lengthy version of the same can be seen in Brazil’s carnival and others. Nepal is home to pseudo-carnival celebrations in their own definitions be it the Macchindranath Jatra in Lalitpur that stretches over month long celebrations (along with Indra Jatra in Kathmandu and Bisket Jatra in Bhaktapur) which have strong historical and cultural significance but also see the Street Festival in Pokhara which is a more globalised version of a carnival.

While the others in the world not only celebrate brining in the desired number of tourists and foreign exchange, will one of Nepal’s celebrations touch the same name, fame and economic benefits, time will only tell.

Watch the Economist’s video explanation on the origins of Carnival and its economic impact today.

 

 

Jai Venaik

About Jai Venaik

Jai comes from a liberal arts background majoring in Economics, Political Science and International Relations from the Symbiosis International University and the London School. At Samriddhi, he works as a Researcher, chiefly on projects on Constitutional and Legislative Studies.

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