Halted Economy of Nepal  during pandemic:

Nepal is a country sandwiched between India and China, bordering East, West and South with India and North with China. 
Nepal's main source of incomes are agriculture, tourism,  export and remittances. In the present context of  covid-19 pandemic, all of these source of incomes are in jeopardy and Nepal's economy is declining.

Here is the link describing Nepal's economy before pandemic:

But this pandemic has hit us hard. Agricultural products are not getting market, products were destroyed with the suspicion of spreading of virus, lack of fertilizers etc. Most of the people depends upon the agriculture and due to pandemic their condition is misery. People and government are in loss. Government is importing from India most of  the products including agricultural from virus prone country. This is resulting economic and biological loss in Nepal. Hence declining economy.

As we all know about Visit Nepal 2020 which was taking its pace in accelerating rate. Along with tourism minister Yogesh Bhattrai whole Nepal was promoting about Visit Nepal 2020 campaign. But it has taken halt and it is due to pandemic. In previous years too Nepal was earning a lot via tourism. 2020 was going to be grand of all. Government was investing a lot of money and whole Nepali all over the globe were promoting about campaign. So, here again we see decline in our economy as our Natural Beauty awaits tourists to enjoy them. 
Here is the video link for visit Nepal 2020 promo:


Nepal used to export Tea, Yarshagumba, different herbal products, carpets, textiles, beverage etc. Due to lack of transport facilities and fear of COVID-19 the export campaign is not efficient. Airlines, long distance transport, country's border are halted and sealed. Only essentials like medicines, petroleum, foods are allowed to be transported with special permissions between countries. And we are only importing all of those. Again declining slope of economy.

Many foreign employers returned to their native land when the pandemic started. People were not risking their lives for money. Some of them were fired, some of them quit their jobs in order to survive from virus. This has certainly made negative impact on the remittances, one of the major source of economy in Nepal. Again we are getting staggered. 

Others sectors such as education, transports,  departments, hotels, sports, clothes center  are hampered due to pandemic. One of the most hampered site is education. All the schools, colleges are closed. Due to which students are not being able to continue their regular studies and are on the brink of  lagging some months. This is a huge loss to students. As we know this corona virus is communicable so above mentioned sectors such as transports, departments, hotels, sports, clothes centers have come to rest. People even cannot pay their rents. So, we can see the downfall of our economy which is not very good for us.


It is easy to slide down the hill than to climb up the hill. Same is the case in our economy. Estimated GDP growth of Nepal was 8.5% before pandemic but it has reduced to less than 2.5 % after arrival of pandemic. The only thing that is flourishing is technical sector specially in computer fields. People doesn't require physical presence to carry on their work. Communication and IT sector has helped in certain amount to surplus the economy. 
First we should understand how important the economy is. Few decades back India couldn't dominate us. Our economy was good enough. But today, India has become one of the powerful country in the world due to sky rocketing economy and now they have dominated Nepali market too. 

Recently government had opened lock down for certain time. It is very hard for government to maintain economy downfall. Government usually earn by impending taxes. So, they were obliged to open lock down in order to increase  economy. And if we don't increase our economy then we will not be able to buy even vaccine against it that some countries are claiming to be a success.


Our economy has certainly declined. So, we are experiencing its direct impact on the citizens too. But thankfully to welcoming and wise heart of Nepali citizens to help people in trouble and able to hold till now. We should thanks to different media personnel who are helping person in needs and to the person who are donating financial aid. 

This is the perfect time for Nepali citizens to be united and battle against pandemic and economic crisis.

Now this is our time to think of our country's economy so lets discuss this in the comment section. I would be happy to discuss with you. Cheers!!