Bhutan being small country with
small population, people still live with agriculture and livestock as main
source of income. More than 70 percent of population depends upon these two
sectors for their livelihood. Peasants now cultivate cash crops; rice, potato,
apple, orange, cardamom, mushroom, lemon-grass oil and Cordycep sinesis. The
good quality these crops are mainly exported to India and Bangladesh.
With rich in natural environment
and deep gorges, Bhutan has potential to produce about 30,000 megawatts of
hydro-power but as of now only 3000 megawatt has been exploited. Many
hydro-power plants were funded by the Indian government; India is the main
consumer of electricity. Therefore, electricity is the main source of revenue
to the Bhutanese government.
Tourism and airlines are two main
hard currency earners in the country. Nevertheless, many industries and mines
are coming up for export. Some of the industrial and mined stones are; dolomite,
gypsum, slate, limestone, ferro-alloys and cements.
UN rated Bhutan as one of the
least developed countries in the world and ranked at 131st.
Comparing to decades ago, the country has developed drastically in terms of
modern technologies. The development of the country was started since 1961 by
initiating first Five Year Plan and building of first ever road from
Phuntsholing to Thimphu with help from Indian government. Consequent five year
plans focused more on agriculture, education and public health.
Comparing with many other Asian and African countries, economic development of Bhutan is doing well. More than 90% of farmers own cultivable land and good quality houses.