• Men Bahadur Adhikari

This article assesses the recent status of foreign employment, remittance inflow, and its impacts on socio-economic sectors of Nepal. This study is based on secondary data of the period 2008/09 to 2018/19 obtained from various sources and descriptive statistical methods are used. On analyzing the trend of foreign employment, Malaysia was the first destination country for Nepali migrant workers but, in the recent years, Qatar has surpassed Malaysia in this regard. In the year 2018/19, 243068 Nepalese youths went abroad for employment and they, in return, brought back a sum of NPR 879.27 billion into the country in the form of remittance in the fiscal year 2018/19. Out of the total amount, Nepal obtained more than 30 percent of the remittance from Gulf countries. In 2018, in terms of remittance inflow, Nepal was ranked as 19th beneficiary country in the world and at 4th in South Asian countries. Similarly, Nepal ranked 5th in the world and 1st in South Asian countries in terms of Remittance to GDP ratio with a ratio of 27.3 percent in 2018/19. Remittance has become a key measure of Nepal for rural poverty reduction as well as capital formation. It helps in GDP growth and improves quality of life of the people. It is noted that, remittance income increased by 319 percent, GDP growth increased by 208 percent, poverty reduced by 12.3 percent, child mortality rate decreased by 21.3 child per 1000 living birth, life expectancy increased by 3.42 year, and Human Development Index improved by 0.066 during the study period. Thus, it is concluded that the remittance inflow has positively affected the Nepalese economy. But, the foreign employment is not free from challenges, so these challenges ought to be solved by Nepalese government as soon as possible. Again, such heavy dependence of national economy upon remittance is also questionable. It causes increase in import of consumption goods, decrease in Foreign Direct Investment, shortage of skilled and energetic human resources, and creates financial crisis due to sudden decrease in remittance inflow, so the government ought to work in the way of self dependent economy as well.

Foreign Employment, Remittance, GDP, Poverty Reduction, Social Change

"THE FOREIGN EMPLOYMENT, REMITTANCE AND ITS IMPACT ON NEPALESE ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 9, page no.643-651, September-2020, Available :http://www.jetir.org/papers/JETIR2009298.pdf

"THE FOREIGN EMPLOYMENT, REMITTANCE AND ITS IMPACT ON NEPALESE ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 9, page no. pp643-651, September-2020, Available at : http://www.jetir.org/papers/JETIR2009298.pdf