Political instability, economic difficulties behind Nepal’s rage, Pg9

Key Highlights:

• Nepal is facing widespread protests, particularly among the Gen Z population, driven by political instability and economic hardship.
• Khadga Prasad Oli's government formation in 2024 marked the 30th change in leadership since 1990, highlighting Nepal's political volatility.
• The unemployment rate among 15-24 year olds in Nepal reached 22.7% in 2022-23, significantly higher than older age groups.
• Remittances contribute over 33% of total income for households receiving them, with nearly 50% originating from countries other than India in 2022-23.

Detailed Insights:

• Frequent government changes in Nepal have undermined the establishment of stable, democratic governance envisioned by the Jan Andolans of 1989-90 and 2005-2008.
• Disparities in unemployment rates exist across income levels, education, and geography, with rural areas experiencing rates exceeding 20%.
• A significant portion of Nepal's male population is working abroad, leading to a rise in female-headed households from 13.6% in 1995-96 to 37.1% in 2022-23.
• Nepal is the world's fourth most remittance-dependent country, with personal remittances accounting for over 33% of its GDP in 2024.
• The shift in remittance sources indicates a growing exodus of Nepali workers to destinations beyond India, including Qatar, Saudi Arabia, Malaysia, and the UAE.

Key Concepts Involved:

• Remittances: Money sent by migrant workers to their families in their home country.
• Unemployment Rate: Percentage of the labor force that is willing and able to work but is currently without a job.
• Political Instability: Frequent changes in government leadership and policies.