Is Nepal really poor? :- It is known that Nepal is known to be perhaps the loveliest nations on the world. The truth that Nepal is a poor country, however, stands valid. Every individual in the nation wondered why Nepal is a poor nation.
The individuals who take a gander at the living style of Kathmandu are astonished to realize that more than 25.2 percent of Nepal’s populace lives beneath the poverty line.
Table of Contents [ Reasons why Nepal is really poor ]
What are the reasons why Nepal is really poor? Is Nepal Really Poor?
1) lack of modern farming method
A lack of modern farming methods makes it hard to advance the war against poverty in Nepal. More than 85% of Nepal’s citizens depend on agriculture as it is the primary form of sustenance. Outdated methods are, however, slowing the pace of farming. Additionally, the government of Nepal has not provided farmers with sufficient infrastructure.
Nepal is sandwiched between India and China, two great and incredible nations, and has no relation to the ocean. Because of this, maritime trade here gets impossible and thus Nepal has to rely on India for its numerous merchandise. India has had the option to meddle over Nepal’s issue due to this reliance on India, and looking overall this was not really good for Nepal.
Nepal’s geography, it is said, is a blessing to it and, at the same time, a bane to it. Though stunning, the mountains and landscapes make it hard to build transportation routes between places. This is one major reason why no railway services are available here. And road transport is furthermore equally difficult to construct and go through.
The individuals of Nepal are truly dedicated and are diligent. Yet, in search of better job opportunities somewhere else, these qualified and able individuals fly away from their nation. The poor work situation in Nepal with a low wage, which repels the professional youth with some favoritism and preference. Thus, in Nepal’s situation, the remaining few won’t have the option to acquire a lot of progress.
5) Over Politicization:
This is another concern why Nepal is very poor. Nepal have politicized everything from the bureaucracy to education, health care, foreign service to security forces (with the exception of the Nepal Army) and other state institutions, and what we do is appoint political people and the greater part of them are not capable people that can do a good job.
6) Lack of use of natural resources:
From tourism to hydropower to agriculture to mining and others, Nepal has enormous natural resources available to us. In the event that Nepal can harness the capacity of hydropower, at that point we can have gigantic growth because, for different reasons, it has not yet been utilised sufficiently.
Right now, Nepal’s agricultural land is being wasted and import stuff like nuts, rice and lentils. Right now, Nepal’s economy is sustained by revenue, yes, but also billions of dollars from remittances with millions of young Nepalese going abroad and working in Gulf Countries like Malaysia. This is not a model that is viable and Nepal need to change.
7) Societal division
This is one of Nepal’s enormous issues. This division tragically is increasing among various ethnic groups yet in addition individuals living in Hills and in Terai Madhesh. If Nepalese have no unity, then there is going to have constant protests and violence, and Nepal is never going to progress.
Discrimination still exists among different segments of our society, including against Dalits, Madhesis, women, among others in some aspects, and progress would be difficult without addressing these issues adequately. The new Constitution is extremely comprehensive in numerous regards yet has issues, and we are having large issues actualizing it as a result of these divisions.
8) Highly dependent upon other Nation.
For everything even food clothes and jobs, individuals of Nepal are profoundly dependent on other country. In Nepal, the prospects for jobs are so poor that individuals need to pick foreign employment for their money. That is also one of the principle reasons why Nepal is a poor country.
9) The government of Nepal is renowned for being corrupt. In South Asia, the nation was ranked the third most corrupt nation. Abuse of authority prompts a discriminatory economic structure and an unequal distribution of wealth, propagating the problem of Nepal’s poverty.
10) Lack of vision
In productive fields, government authorities do not contribute. Ventures in the field of hydropower and solar energy are profoundly disregarded. The fields that can support the country’s economic growth are not dealt with. Our nation profoundly relies on different nations to invest in our ventures, because of which we just go into the country’s Dept. and economic condition of the nation goes down and cannot go up.
Just about 25 percent of Nepal’s population falls under the poverty line, with a marginal income to meet their basic needs. While over the past few years, the poverty factor has decreased, however it is still not enough. Poverty prompts overpopulation, illiteracy and in this manner proceeds with the poverty cycle.
It is fair to say that while the poor are becoming poorer in this country, the rich are becoming richer. A nation is as poor as its poorest resident, and this is true in case of Nepal.
12) Absence of faith to Invest in Nepal
With the shortage of skilled human capital and the uncertainty of Nepal’s economy posing issues, there is an absence of trust in investing in Nepal. Because of this, people are not able to make it a location to carry out business endeavors in. International investment would likewise be a source of revenue for the country if it were given a safe and stable environment.
13) Natural disasters
Nepal has been the casualty of multiple natural disasters. Earthquakes in Nepal are another factor in the nation’s instability, with an all-around striving economy and low levels of political stability.
Individuals are losing their homes and jobs and are compelled to discover alternate approaches to get by. In the wake of dealing with a natural catastrophe, women frequently become more vulnerable to trafficking.