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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.
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.
Terraced farming on the foothills of the Himalayas is a common sight in many of the villages in Nepal Nepalese women planting rice Cultivation in the Kathmandu Valley. In Nepal, the economy is dominated by agriculture. In the late 1980s, it was the livelihood for more than 90% of the population.
Japan is Nepal's largest bilateral aid donor, [1] [2] [3] and the World Bank and Asian Development Bank are the largest multilateral donors. Donors have been reported as losing confidence in Nepal as a result of political interference and corruption in poverty relief efforts as well as the country's apparently poor capacity to utilize aid.
The trade deficit was gradually increasing in Nepal, which is the main reason for setting up the zones. [ 1 ] In the eighth five-year plan (1992–97), Nepal formulated policies to reduce the deficit by introduction of various policies that would directly or indirectly help to promote exports and establishment of industries.
National Planning Commission (NPC) of Nepal is advisory body for formulating development plans and policies of the country under the directives of the National Development Council of the government of Nepal. [1] [2] [3] It is the apex advisory body of the Government of Nepal for formulating a national vision, periodic plans and policies for ...
Source: Nepal Stock Exchange [10] (market values in NPR/Nepalese Rupee). Data arranged by market value. Updated on Feb 11 2025. Bishal Bazar (228.5 billion) Nepal Telecom (159.8 billion) Nabil Bank (132.5 billion) Nepal Reinsurance Company Limited (131.5 billion) Citizen Investment Trust (127.4 billion) Himalayan Reinsurance Limited (88.1 billion)
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]