The Human Development Index (HDI) improved in Nepal with persistent threats.
The HDI report prepared with the assistance of the United Nations Development Program was made public by the National Planning Commission in Kathmandu on Sunday. It was jointly released by Finance Minister Bishnu Prasad Paudel and NPC Vice-President Pushpa Raj Kandel.
The report shows that Nepal has now reached the mid-level HDI.
Some countries in South Asia have now surpassed Nepal in terms of HDI, gender development index and gender equality index, which the government says are the result of its spending. While Nepal is still lagging behind in revenue indictors, human capital and financial risk indicators have been met.
However the study made it clear that Nepal is still at risk and is facing challenges. There is uneven human growth between rural and urban areas and between provinces. With regard to the upgrade category, all but the province of Bagmati are below average.
Similarly, there is a large income disparity between provinces. Province 2 is backward in terms of human resources, but the per capita income of Bagmati is more than the national average.
Nepal is in a vulnerable position in terms of risk. Despite a moderate effect on the calculation of foreign assistance in trade with FDI and development financing, some sectors are likely to see negative impacts.
Structural and structural obstructions and policy imbalance pose a major obstacle to sustainable growth and modernisation. There are also obstacles to access to quality health and education.
The study also applies to structural and spatial obstructions. Moreover, Nepal is shown to be inept to leverage entrepreneurial potential and demographic dividends. Inequality occurs in the ownership of output capital and access to land, opportunities and distribution. Likewise, there are still high risks in the job market and employment prospects.
The study identifies additional threats to human properties and economic success next year as a result of the continuing global crisis of Covid-19. In order to address the problems, it indicates the need for short-, medium-and long-term relief, economic growth and productive transformation, significant structural reform in the supply and demand chain, increased productivity, increased entrepreneurship efficiency and institutional efficiency related to production and gender equality, human resource development and good governance.
Although the UNDP has published a global HDI report every year the Nepal-focused report has not been published regularly. According to the NPC, the country-focused study came after six years.

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