The role of agriculture in Nepal's economic development: Challenges, opportunities, and pathways for modernization
Nepal's economy is primarily dependent on agriculture, which generates a significant amount of GDP and jobs, particularly in rural areas. Despite its importance, the business still faces challenges from low productivity, traditional methods, inadequate access to advanced technologies, and incre...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2025-01-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844025002403 |
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| Summary: | Nepal's economy is primarily dependent on agriculture, which generates a significant amount of GDP and jobs, particularly in rural areas. Despite its importance, the business still faces challenges from low productivity, traditional methods, inadequate access to advanced technologies, and increasing climate change sensitivity. These problems prevent agriculture from realizing its full potential to advance economic development, reduce poverty, and provide food security. Modernization requires increasing productivity through mechanization, expanding infrastructure, and improving market accessibility. Finding a balance between these advancements and the need to protect rural jobs is therefore very important. Developing agro-industries, integrating value-added product, and empowering women and youth in agriculture are all essential approaches for inclusive growth. Since agriculture would free up labor and resources for other sectors, it is possible that agriculture also pushed Nepal's industrialization. The significance of strategic investments and reforms in the agriculture sector for Nepal's sustained economic growth and poverty eradication is emphasized in this article. |
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| ISSN: | 2405-8440 |