Final Nepal Election Results Confirm Balendra Shah's Party Landslide; Fitch Sees Low Political Risk

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Balendra Shah Secures Landslide Victory in Nepal, Sparks Hope for Economic Revival

Balendra Shah, former mayor of Kathmandu popularly known as 'Balen', plays a 'damru' percussion instrument during an election campaign in Janakpur, Nepal, on January 19, 2026. (Photo: Navesh Chitrakar/Reuters)

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Firstpost•13-03-2026, 11:36

Balendra Shah Secures Landslide Victory in Nepal, Sparks Hope for Economic Revival

•Rastriya Swatantra Party (RSP), led by rapper-turned-politician Balendra Shah, won a sweeping majority with 182 seats.
•Shah defeated veteran four-time prime minister KP Sharma Oli in his own seat.
•The victory follows the September 2025 'Gen Z protest' against corruption and a struggling economy, which Shah championed.
•Fitch Ratings noted RSP's majority reduces political uncertainty and offers a chance for governance and economic reforms.
•The win reflects a generational shift in Nepal, but Fitch warns of implementation capacity risks.

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