Search results
Results From The WOW.Com Content Network
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.
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.
Indians make up the bulk of the immigrant labour force. Indian workers were exempt from requiring a work permit to live and work in Nepal until 2019. [22] So, Nepal does not have any data on the number of Indians living and working in Nepal. However, the Indian government puts the number of non-resident Indians in Nepal at 600,000. [23]
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
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.
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.
Voluntary unemployment includes workers who reject low-wage jobs, but involuntary unemployment includes workers fired because of an economic crisis, industrial decline, company bankruptcy, or organizational restructuring. On the other hand, cyclical unemployment, structural unemployment, and classical unemployment are largely involuntary in nature.
The foundation of relations between India and Nepal was laid with the Indo-Nepalese friendship Treaty in 1950. In the 1950s, the Rana rulers of the Kingdom of Nepal welcomed close relations with the newly independent India, fearing a China-backed communist overthrow of their autocratic regime after the success of Communist revolution in China and establishment of CCP government on October 1, 1949.