Impact of Foreign Employment on the Economy and Socio-Economy Development of Nepal

Impact of Foreign Employment on the Economy and Socio-Economy Development of Nepal

Registration ID: IJNRD_213406

Published ID: IJNRD2402147

DOI: Click Here to Get

Dr. Ghanshyam Prasad shah

Keywords: Remmittance, GDP

The main objective of this seminar paper is to analyze the situation of foreign employment and its impact on the micro and macro levels of Nepal. This study is based on the secondary data which were collected from different sources like an economic survey and report published by the Ministry of Finance (MoF), Central Beuro of Statics (CBS), Nepal Rastra Bank (NRB), Department of Foreign Employment (DoFE). The data presented here is up to the fiscal year 2021/22 till mid-March. Various research documents have been reviewed for analyzing the status of foreign employment and remittance in the context of Nepal. A pie chart and line graph are used in this paper based on the data presented here to give clear knowledge about the status of foreign employment in Nepal. The economic impact of foreign employment has been analyzed on remittance, contribution to GDP, share of remittance to current account, and current transfer income. There is leakage in actual remittance inflow because many workers prefer informal ways to send their remittance income. So the government should make plans and encourage laborers to send their income in a formal way. The number of Nepalese workers going abroad to work has increased rapidly. Most of the workers went to Gulf countries. Qatar is the first destination of many followed by Malaysia. We can find out the class division among workers to select destinations i.e. poor people to Gulf countries like Qatar, and Malaysia and better people towards Japan, and South Korea.

Published Paper   E-Certificate

"Impact of Foreign Employment on the Economy and Socio-Economy Development of Nepal", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 2, page no.b354-b368, February-2024, Available :https://ijnrd.org/papers/IJNRD2402147.pdf

Volume 9 Issue 2, February-2024

Pages : b354-b368

Paper Reg. ID: IJNRD_213406

Published Paper Id: IJNRD2402147

Downloads: 000121194

Research Area: Management

Country: Lalitpur, Lalitpur, Nepal

Published Paper PDF: https://ijnrd.org/papers/IJNRD2402147.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2402147

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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