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The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. [6] Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications , electric power, industry, or civil service.
Nepal is a country enclosed by land, situated between China and India. It has a total area of 148,006.67 square kilometers and a population of 29.16 million. [1] It has a small economy, with a GDP of $42 billion in 2024, amounting to about 1% of South Asia and 0.04% of the World's GDP.
Of the seven provinces of Nepal, four are considered to have "medium human development" per the Human Development Index, namely Bagmati, Gandaki, Koshi Pradesh, and Lumbini. The other three, which are considered to have "low human development", are Sudurpashchim, Karnali, and Madhesh.
19 June – The mayor of the Nepali capital of Kathmandu bans the screenings of Indian films after dialogue in the recent epic film Adipurush stated that Sita from Hindu mythology was born in India instead of Nepal. [31] 29th June Supreme Court of Nepal issued an interim order to legalize same sex marriage to Government of Nepal. [32]
Five-Year Plans of Nepal generally strove to increase output and employment; develop the infrastructure; attain economic stability; promote industry, commerce, and international trade; establish administrative and public service institutions to support economic development; and also introduce labor-intensive production techniques to alleviate underemployment.
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This is an accepted version of this page This is the latest accepted revision, reviewed on 19 August 2024. This article needs to be updated. The reason given is: Almost everything except the stat in the infobox is outdated.. Please help update this to reflect recent events or newly available information. (September 2021) COVID-19 pandemic in Nepal Disease COVID-19 Virus strain SARS-CoV-2 ...
2016 Index of Economic Freedom ranked 152 out of 178 [1] Ease of Doing Business Index 2020 ranked 94 out of 190 [2] Global Competitiveness Index 2016-2017 ranked 98 out of 138 [3] IMF Nominal GDP per capita 2019, ranked 158 out of 187 economies [4]