Hari Bansh Jha’s Work Published in ‘The Himalayan Times’
February 24, 2012
ICCR Fellow, IDSA, Dr Hari Bansh Jha’s analytical report on ‘Remittance from Nepalese diaspora’ was published in ‘The Himalayan Times’ on February 29, 2012.
Excerpt
Significantly, the Nepalese diaspora has emerged quite strong in the last couple of years both in terms of the quantity and quality. Of Nepal’s total population of nearly 30 million, more than 3 million non-resident Nepalese live in 115 countries other than India. Most importantly, their purchasing power is 2.5 fold of the total budget of the Nepalese government. The Nepalese diaspora is estimated to be generating nearly US$3 billion worth of remittance each year. Without any government support, the remittance has been able to bring incalculable transformation in Nepal’s social and economic structure in all the three regions of the country – the Terai, hills and the mountain.
