The Socio-economic Impact of Ayurvedic Medicine Business on Livelihood of Local People in Nepal

This paper revels that the socio-economic results of the Ayurvedic healthcare industry on the living of local residence in Nepal. It also examines current trends and difficulties in medicinal plant cultivation, the economic circumstances of those participating in the region, and plans for sustainable harvesting and preserving quality. It is based on descriptive and analytical research design by using first-hand information gathered through closed-ended questionnaires. After the data collection, final analyzed the data by computer software and implemented descriptive statistics method. The Ayurvedic medicine sector in Nepal, provides various opportunities for local economic development by increasing cultivation, processing, and commercialization of medicinal plants. Nevertheless, there are various difficulties obstructing the understanding of these possible advantages. Offering consistent manufacturing grades in Ayurvedic medicine will boost consumer confidence and expand market reach. The Ayurveda industry supplies notable employment opportunities and provides as a footpath for entrepreneurship, especially for women encouraging their empowerment and financial self-determination. The workforce mainly consists of older, married individuals, who view it as a safe source of income. The impact on livelihoods is moderately positive, driven by job creation and income generation. These factors show a weak but positive link to livelihood improvement no single one is essential but combining them creates much stronger results. Innovations like digital marketing and improved production methods are expected to boost productivity and market reach. Adopting modern technology will drive product innovation and operational efficiency. Despite promising market opportunities and government support, further advances in finance, policies, and technology are still needed.