Nepal Finance Minister Dr. Yuba Raj Khatiwada has released the Human Development Report issued by the United Nations Development Program (UNDP) in Kathmandu on December 10, 2019.
According to the report, with 0.579 Human Development Index (HDI) value, Nepal secured 147th position out of 189 countries.
The report claimed that the per capita Gross National Income (GNI) of Nepal had proliferated by 130.5% over the past 28 years from 1990 to 2018.
Moreover, the HDI value had increased by 0.52% from 0.380 to 0.579 in the aforementioned period.
According to the UNDP, now Nepal is in the category of medium HDI.
The growth in the per capita GNI, HDI and other demographics is mainly due to the positive initiations taken by the government in educational, health and employment sectors.
Even though Nepal has seen a drastic rise in GNI and HDI, the people with meagre income are facing scarcity for health, education and adequate living standards.
So, in order to ensure ‘increase in income for increase in equality’, the government should make necessary reforms at policy level to equal distribution of resources.