Wednesday, May 4, 2011

Economy and Living standard of people

Nepal is a developing country. It's economy is not sound as developed countries but also not very low. The county is potential in resources but utilization is not high. Due to lack of sufficient technology, skilled manpower and political instability, large sustainable development projects (like hydro-power) are not successfully launched in the country.Being a agricultural country, majority of people of Nepal (80%) are farmers. Due to topography and climatic variation almost all types of crops can be grown in Nepal. Apart from agriculture, people have engaged themselves in tourism, medium scale industries,& small cottage industries based on handicrafts, medicines (Ayurveda) , floor carpets etc. to earn for their living. The average per ca-pita income of Nepali people is 200$. Due to provision of facilities in terai regions & major cities of the country people are able to march with the technology & modern living style. However the wave of development is also moving towards the village in slow rate.

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