Rise of alternative political thought in Nepal creates new hope to end poverty within seven years, to make Nepal a middle-income country by doubling the income in 15 years, and to convert Nepal into one of the richest countries in the world within 25 years.
Nepal is among the world's poorest countries and one of the least developed countries in the world. According to the Central Bureau of Statistics Nepal, annual Growth Rate in Nepal averages 4.36 percent from 1994 until 2016, reaching an all-time high of 8.60 percent in 1994 and a record low of 0.16 percent in 2002. Based on the GDP (PPP) of a country, Central African Republic is the top poorest country in the world and Nepal is 30th. The Gross Domestic Product per capita in Nepal was last recorded at 2,516 US dollars in 2015 when adjusted by purchasing power parity (PPP).
According to the World Bank, GDP per capita PPP in Nepal averaged 1663.42 USD from 1990 until 2015, reaching an all-time high in 2015 and a record low of 1240.16 USD in 1990. GDP Annual Growth Rate in Nepal averaged 4.36 percent from 1994 until 2015, reaching an all-time high of 8.60 percent in 1994 and a record low of 0.16 percent in 2002. GDP in Nepal expanded 3.40 percent in 2015 from the previous year.
In the last 32 years, Nepal was able to attain an annual growth of more than 7% only in two fiscal years 1987/88 and 1993/94. In the last 10 years after political movement, Nepal was able to attain an annual growth of more than 6% only in 2008. Otherwise, the annual growth rate has steadily declined and less than 5.5%.
After being hit by two disastrous earthquakes in April and May 2015, some research and reporting are listing Nepal among top poorest countries in the world. After the earthquake, Nepal's economy has dropped to an all-time low. Dream of double-digit growth in Nepal is still a dream and Nepal is being poorest day by day in the world. In the last 32 years, Nepal was able to attain an annual growth of more than 7% only in two fiscal years 1987/88 and 1993/94. In the last 10 years after political movement, Nepal was able to attain an annual growth of more than 6% only in 2008. Otherwise, the annual growth rate has steadily declined and less than 5.5%. In Nepal, 25.2% of the population lives below the national poverty line according to Asian Development Bank.
Political instability, leadership crisis, lack of long-term vision, political leadership, and corruption are principal reasons for Nepal's financial weakness and poverty. Nepalese people are disappointed with all political parties because of corrupted leaders and lack of vision. Meanwhile, Dr. Baburam Bhattarai has announced the formation of a new political party Naya Shakti Nepal (New Force Nepal) on June 12, which is able to create new waves of hope. Dr. Baburam Bhattarai was the 35th Prime Minister of Nepal. He had completed his Ph.D. degree from Jawaharlal Nehru University (New Delhi) in 1986 on 'the Nature of Underdevelopment and Regional Structure of Nepal'
Photo : Sudhan Panthi
The political party is carrying the agenda to make Nepal one of the richest nations of the world within a period of 25 years. To end poverty within seven years, to make Nepal a middle-income country by doubling the income in 15 years, and to convert Nepal into one of the richest countries in the world within 25 years, Naya Shakti Nepal has been launched with economic prosperity as a singular focus. With this commitment, Dr. Baburam Bhattarai administered the oath to thousands of members at the party launching ceremony which is creating new hope for optional political thought and economic development in Nepal.
According to the leaders, Naya Shakti Nepal is not only a new political party but also an alternative movement, which shall usher in a new era of national capitalism. The party will neither follow liberal democracy nor state socialism but it will support inclusiveness and participatory democracy leading to enhanced socialism using dialectical and historical materialism to achieve its goal. In the present context, all political parties with their old methodology of leadership, party functioning and structure and plans are not able to address the challenges of the 21st century, this political thought of new force could be an alternative thought and could be able to replace outdated political thoughts.
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