Econ-ity » March 9, 2018

Daily Archives: March 9, 2018

A Retrograde Economic Vision

The UN categorisations for development of nations in the world is based on the three different levels- HAI, EVI and GNI- measured to give rise to three distinct categories, least developed, developing and high income or developed countries. Without a doubt, Nepal lands in the first category. But considerable progress has been made. Nepal recorded a marginal rise above the threshold on the HAI Index with 68.7 points while the EVI Index was within the threshold limit with 28.7 points. Nepal, however, recorded a low performance on its GNI per capita Index with $865 in the FY 2016/17. Despite the remarkable improvement in two major indices, the GoN stated that the country isn’t prepared for graduation.

All of this begs to a question as to why the Nepal government was reluctant to graduate to the league of developing countries in the first place? Continue reading

Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as an intern in the Research as well as the Communications and Outreach Department at Samriddhi Foundation.

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