This paper is published in Volume-4, Issue-3, 2018
Area
Economics
Author
Balkrishna Subedi
Org/Univ
Saraswati Multiple Campus, Kathmandu, Nepal, Nepal
Pub. Date
14 June, 2018
Paper ID
V4I3-1621
Publisher
Keywords
Economic development, Employment, Capital, Industry, Industrialization

Citationsacebook

IEEE
Balkrishna Subedi. Industrial development and economic growth, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Balkrishna Subedi (2018). Industrial development and economic growth. International Journal of Advance Research, Ideas and Innovations in Technology, 4(3) www.IJARIIT.com.

MLA
Balkrishna Subedi. "Industrial development and economic growth." International Journal of Advance Research, Ideas and Innovations in Technology 4.3 (2018). www.IJARIIT.com.

Abstract

This article is concerned with the industrial development of Nepal. It shows the correlation between the industrial establishment, investment, and employment. The article describes industrial relations and slow process of industrialization in Nepal. Industrial policies followed by the government in different periods are presented and literature regarding Nepalese and outside Nepal are also presented. This article is based on secondary data and information. This paper also examines the contribution of the industrial sector to GDP. Some other GDP scenarios of SAARC countries with respect to their GDP growth rate of industrial sector are also presented in the tabular form. The paper concludes that the rapid industrialization is required to create more employment opportunities and to shift the agriculture labor to an industrial sector along with to solve the problem of increasing unemployment and disguised unemployment. Some policy options are also suggested to increase industrial production in a sustainable manner and with comparative advantage.