Bhutan Economy,Bhutanese Economy
Almost eighty percent of Bhutan’s population is engaged in agricultural activity and animal husbandry. The principal crops are rice, maize, millet, wheat, buckwheat and barley. The cash crops include apples, oranges, potatoes, cardamom and mustard.
Bhutan exports agro products like apples, oranges, vegetables, mushrooms, canned fruit and jams. Most households raise poultry and cattle. Yaks are raised at higher altitudes. Though most of the population is pastoral, the agricultural sector currently accounts for only about thirty-five percents of the country’s gross Domestic Product (GDP).the bulk of it is accounted for by production and export of hydro power to india. It is estimated that the total hydel potential of the country is 30,000MW of which under five percent is currently being tapped. There are two main projects both located in wangchu at Chukha and Tala. Other contributors to the economy are the also exports of apples, forestry products like timber and lemon grass oil. Cement, Ferro alloys, calcium carbide, coal and gypsum.
Tourism is the second largest contributor to the national GDP even though its full potential is yet to be realized. Bhutan stamps most unusual contributor to the economy. Bhutan’s goal is an equitable spread of prosperity rather than skewed development in an ad hoc manner, just for the sake of so called progress. With this principle being the cornerstone of nation building, priority is given to the rural development. healthcare and educations as well as creating job opportunities and spreading this growth fairly over all regions so as to discourage migrations to urban centers.
The country‘s currency is the Ngultrum (Nu) which is equal to Indian currency called Rupees. The acceptance of credit card is extremely limited, so it’s best to come well stocked with good old TCs (travellers cheques).
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