Nepal is a developing country with an agricultural
economy. Agriculture is the mainstay of the economy, providing a livelihood for
three-fourths of the population and accounting for about one-third of GDP.
Industrial activity mainly involves the processing of agricultural products,
including pulses, jute, sugarcane, tobacco, and grain. With an estimated 42,000
MW of feasible capacity, Nepal has considerable scope for exploiting its
potential in hydro power but political instability hampers foreign investment.
Additional challenges to Nepal's growth include its landlocked geographic
location, civil strife and labor unrest, and its susceptibility to natural
disaster.
Hydropower: It is estimates that
Nepal has approximately 42,000 MW of economically feasible hydropower
potential. However, the present situation is that Nepal has developed only
approximately 600 MW of hydropower.
Tourism: Rated one of the top ten holiday destination
by Lonely Planet in 2013, Nepal is considered as one of the most friendly and
naturally beautiful country in the world. Possessing 8 of the 10 highest
mountains in the world, Nepal is a hotspot destination for mountaineers, rock
climbers and people seeking adventures.
Transit Point: Landlocked in between
China and India, Nepal has huge potent to exploit its location. Its location at
times is its weakness but with diplomatic relationship there is a scope of business opportunity if it could established
itself as a Transit point in between the two super powers
Human Resource: Due to low cost
human resource in Nepal is very cost effective. In the current trend Nepal has
been receiving a lot of outsourcing businesses in IT sector and technology
field.
Contemporary Nepal is an aspiration of the fresh blood who believes
in making the country move towards the path of development. Looking at the
current pretext development process in Nepal was never a challenge but the administration
was always a problem. Bad politics,
corruption, manipulation etc are some of the hindrance where things are slowly
and gradually changing.
The contemporary
Nepal believes in the young and fresh energy and leaders who have envisioned
and promised to lead Nepal to the next phase of development and prosperity. Contemporary
Nepal is not just about problems but it’s about looking at the opportunities to
strive back against poverty, hunger, corruption and bad politics. Contemporary
Nepal is about you, me everyone associated with Nepal who believes to be lawful
citizens of Nepal- in the making of good governance……..