ECONOMY OF NEPAL

Nepal belongs to the world poorest country, main reasons for this is literarcy, health of Nepalese people and poor political suitation. Although Nepal has much more resources while compare to much developed country like japan but it is still lagging far behind. The rate of unemployment and underemployment approaches half of the working-age population. Thus many Nepali citizens move to India in search of work; the Gulf countries and Malaysia being new sources of work.
The main factor that is helping for developing Nepal economy are
Agriculture
Trade
Tourism

Agriculture

It is one of the main incoming source of Nepal. Out of every ten Nepalese eight were engaged in farming. Rolling fields and neat terraces can be seen all over the Terai flatlands and the hills of Nepal. Even in the highly urbanized Kathmandu Valley, large tracts of land outside the city areas are devoted to farming.

Manufacturing

Manufacturing is still at the developmental stage and it represents less than 10% of the GDP. Major industries are woolen carpets, garments, textiles, leather products, paper and cement. Other products made in Nepal are steel utensils, cigarettes, beverages and sugar.


Trade

Commerce has been a major occupation in Nepal since early times. Being situated at the crossroads of the ancient Trans-Himalayan trade route, trading is second nature to the Nepalese people. Foreign trade is characterized mainly by import of manufacture products.

Tourism

Nepal is a country of highly diverse and rich geography, culture, and religions because of which people from all over the world are attracted to Nepal. Tourism are one of the main source for earning foreign currency. Every year around four lakh of tourist used to visit Nepal.