Poverty is problem of nepal.justify this statement
Answers
Political Instability
Political instability stands out to be one of the primary reasons why Nepal is a poor country. Nepal has remained a sovereign country throughout the past years. It has never been under the clutches of some foreign power and does not celebrate Independence Day. However, this fact does not take our minds away from the fact that political instability is at its peak in Nepal.
Nepal has undergone several political changes in the past decades. With the phase-out of the Panchayat system and the introduction of the reformed democracy, Nepal was slowly gathering a steady pace, and this was hindered with the introduction of the Maoist insurgency which crippled Nepal. Following the end of a decade-long insurgency era, which killed a huge number of people, Nepal slowly started gaining momentum.
After this, monarchy came to an end thus bringing, even more, turmoil into the life of Nepalese citizens. As of now, Nepal has become a federal republic, and one can only hope that the condition of the country becomes stable enough.
Corrupt Bureaucracy
Corruption is another problem that has crippled the economy of Nepal. Nepal has been ranked as the third most corrupt country in South Asia. Every new idea that comes up in Nepal is phased out due to corruption. There are different layers of corruption in every sector, and this kind of corruption has not still been eliminated despite the continued efforts of organizations like Transparency International.
Lack of dependable data, extreme nepotism, and manipulation, in-transparent forms of work and continued abuse of authority is another reason why Nepal is a poor country.
Related: Salary of Government officials of Nepal including President and Prime Minister
Lack of Industry
Nepal is only slowly coming forward when it comes to creating industries inside the county. More than half of the items used in Nepal are exported from other countries. Nepal lacks even the most basic industries and depends largely on products imported from India.
Local products are used on a lesser level, and the initial investment required to start up an industry is lacking in the country. The industry sector also lacks back in comparison to other countries because of corruption.
While Nepal is rich in natural resources and water resources, the country has not been able to utilize it in order to create and sell its resources to other countries.This is another leading reason that makes Nepal a poor country.
Related: Best 10 Small Business scopes in Nepal
1/4 Population Falls Below The Poverty Line
Almost 25 percent of the population of Nepal falls under the poverty line, with the negligible amount of salary to meet their basic needs. While the poverty factor has decreased over the past few years, it still is not enough. Poverty induces overpopulation, illiteracy and thus continues the cycle of poverty.
It is safe to state that the rich are becoming richer while the poor are becoming poorer in this country. A country is as poor as its poorest citizen, and this fact holds true for Nepal.
Migration of Nepalese Youth for Foreign Employment
The educated youth of Nepal adopt foreign employment as means to fulfill their needs. With fewer employment Opportunities and salary capabilities in Nepal, the youth of this country are continually searching for options outside the country.
Worker class people adopt for countries in the UAE while those who seek future education opt for countries like the USA, Canada, and Australia. With the youth of the country and the educated individuals emigrating out in such a huge chunk, it is expectable of Nepal to remain a poor country.
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Bad Neighbors
Nepal is surrounded on three sides by India and on one side by China. With the innumerable natural resources that this country possesses and the rivalry between the two countries Nepal has always remained like a yam in middle of a sandwich.
Nepal’s political situations have always been compromised because of the interference of these countries. For example, India also recently posted an unspoken blockade that crippled the economy of Nepal in several ways. Bad neighbors are also one of the leading reasons why Nepal is a poor country.
Poverty means Dua literacy which has a lack of problem in Nepal by the cause of non coordination government and the political systems