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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.
The Third Five-Year Plan(1965–70) increased the involvement of local panchayat. It also focused on transport, communications, foreign trade and industrial and agricultural development. Total planned expenditures were more than Rs1.6 billion. [1] Its objective was also to make fair society by eliminating the social disparities.
In Nepal, the economy is dominated by agriculture. In the late 1980s, it was the livelihood for more than 90% of the population. Although only approximately 20% of the total land area was cultivable. The agricultural sector has remained the backbone of the national economy.
There was a significant 14.61% increase in generation compared to the previous year. The peak annual national demand for electricity has reached 1,748 MW. During fiscal year 2078/79 [clarification needed], Nepal exported 493.6 GWh of electrical energy.
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The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. 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.
According to the Nepal Labour Force Survey (NLFS) in 2008, 40.4 per cent of the child population was economically active, with 51 per cent of it being child labour. [12] Brick factories are considered a hub for child labour in Nepal. [13] According to a 2017 study, nearly 300,000 children were employed by the 1,100 brick factories throughout Nepal.
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