Tuesday, July 9, 2024 Bhutan, located high in the Himalaya, stands out as a distinctive country, enriched both culturally and environmentally. With easy visa free policies it holds the title of the world’s last remaining Buddhist Kingdom, fostering the unique philosophy of Gross National Happiness. This approach focuses on measuring development through a comprehensive well-being perspective rather than relying solely on gross domestic product metrics.
Situated to the west of the Indian state of Arunachal Pradesh and to the east of Nepal Bhutan boasts Thimphu as its capital, nestled at an elevation of 7700 feet. Thimphu, a quaint city nestled in the heart of the Himalayas, strictly adheres to traditional Bhutanese architectural styles for all its constructions, imposing limitations on building heights. With visa free access for 3 countries .
April 2024 has brought promising news from Bhutan, as the Bhutan Development Update reveals the economy is on the brink of a robust recovery. For the fiscal year 2022/23, experts forecast a 4.6 percent increase in real GDP, a significant uplift attributed primarily to the surge in tourism activities.
This upswing follows a challenging period of economic shrinkage over two consecutive years, a direct aftermath of the COVID-19 pandemic. Projections for the fiscal year 2023/24 are even more optimistic, expecting growth to accelerate to 4.9 percent.
This year between January 1 and March 31, Bhutan received a record number of visitors. Of the.