Overview
- Official results show the Rastriya Swatantra Party won 182 of 275 lower‑house seats, including 125 first‑past‑the‑post and 57 proportional seats.
- The Nepali Congress finished second with 38 seats and the CPN‑UML took 25, with Shah defeating former prime minister K.P. Sharma Oli in Jhapa‑5.
- Constitutional steps to constitute parliament are under way, with a prime minister expected to be confirmed after proportional lists are finalized.
- Analysts and Fitch‑affiliated researchers say the majority could reduce near‑term political uncertainty yet warn limited state capacity threatens delivery on anti‑corruption, jobs and growth pledges.
- At least 77 people were killed in last year’s Gen Z‑led protests; a caretaker administration plans to hand a report on the killings to the incoming government, intensifying calls for justice.