Bhutan

History
1
Culture
2
Economy
3
Decision Making
4

History of Bhutan
History of Bhutan
Bhutan, country of south-central Asia, located on the eastern ridges of
the Himalayas. It was 1616 that "Zhabdrung Ngawang Namgyel" embarked on his
historic journey from Tibet to bhutan.
Historically, Bhutan was known by many names, such as
1. Southern Land of Darkness.
2. Southern Land of the Sandalwood.
3. Southern Land of Medicinal Herbs.

 Language and Religion And Population
Bhutan is a multilingual county where approximately 20 languages are commonly
spoken. They speak a variety of Tibeto-Burman languages, and the most common
of these, Dzongkha, is Bhutan’s official language; the written language is
identical with Tibetan. The current population of Bhutan is 791,121 in
2022.
History of Bhutan
Buddhist
74%
Hindu
25%
Christian
1%
The chart of religion in 2019

 National Identity
Bhutan's national identity is intimately bound up with its religious identity
as a Buddhist nation. Buddhism influences both the daily lives of its people as
well as the government, in which Buddhist religious leaders have considerable
power.
 Bhutanese Literature
In Bhutan, the primary focus has been on oral literature, as compared to
written literature. For years, Bhutanese pass on their knowledge of religion,
academics and culture to the younger generation through an oral medium.
History of Bhutan

 Birth and death in Bhutan
It is one of the very few countries in the world which does not
discriminate between a boy and girl. However, no outsider is allowed to enter
the house for 3 days after a baby is born.
Death of a person means passing on one life to another, re-birth. Prayer
flags are erected in the memory of the departed person and the relatives and
neighbours come to attend the funeral and other rituals with simple eatables
and souvenirs.
History of Bhutan

Culture of Bhutan
Bhutan is a land of rich mosaic of
cultures, lifestyles, languages and
belief systems. The predominant
religion in Bhutan is Buddhism,
following by Hindusim as a result
Bhutanese culture is very much
influenced by scared Baddist values.

In Bhutan there are various types of culture –
 Symbolism
 Food
 Art and Architecture
 Standard Living of Bhutan
 New Year – Losar
 Division of Labor
 The Relative Status of Women and Men
 Division of Labor by Gender
 Superstitious by nature
 Secular Celebrations
Culture of Bhutan

In Bhutan there are various types of culture –
 Symbolism
The double diamond thunderbolt represents the harmony between
secular and religious power. The lotus symbolises purity; the jewel
sovereign power; and the two dragons, male and female, stand for the name of
the country.
 Food
Ema Datshi is the national dish of Bhutan. It is eaten throughout
the country and in almost every meal.
 Art and Architecture
The Bhutanese tradition maintains that making images of deities is
a pious act leading to salvation. In its evolution and development,
therefore, Bhutanese art, like early Indian and Tibetao art, is in the
nature of 'Sadhana'.
Culture of Bhutan

In Bhutan there are various types of culture –
 Standard Living of Bhutan
The standard of living in Bhutan is quite high, and many people
live in comfortable conditions. There is a strong sense of community and
cooperation, and people are generally very happy with their lives.
 New Year – Losar
The Bhutanese New Year, called 'Losar', usually falls in February,
when Lord Buddha is believed to have overcome the forces of evil. As with
Tibetan, the 'Losar' is considered very auspicious. It is believed that if
there is a snow-fall during 'Losar', the enrire year will be good for the
country.
 Division of Labor by Gender
Men and women usually work side by side in the field. Women fill
most of the nursing and teaching positions.
Culture of Bhutan

Economic Environment
Economic environment responds to
 Technology
 Trade
 Competition
 Consumer attitudes
 Cross-border relationships.

Agriculture
Forestry
Hydropower
Tourism
Bhutan is among the richest by gross
domestic product (nominal) per
capita in South Asia, at 3,491$ as of
2022.
The total gross domestic product is
only 2,653$ million and 178th
according to IMF.
But it still places 153rd, and among
the poorest in the world.

Exports
Bhutan mostly exports electricity to India (around 50 percent of total exports).
Other exports include metals, chemical products, food, wood and rubber. Bhutan's
main exports partner is India, accounting for around 97 percent of total exports.

Imports
Bhutan mainly imports oil and fuels, base metals, machinery and electrical
appliances, vehicles, wood and food. Bhutan's main imports partner is India,
accounting for around 80 percent of total imports. Other imports partners
include South Korea, Thailand, Singapore, Japan, China and Nepal.

GDP of Bhutan

GDP of Bhutan according to South Asian countries

The Bhutanese economy is one of the world's smallest and least
developed.
From agriculture and forestry, about one-third of GDP and two-
thirds of employment comes.
India is Bhutan's largest trading partner, accounting for about
90% of Bhutan's total trade.
Present Economic Condition

The Constitution of Bhutan guarantees the right to private property,
and the government does not interfere with the economy. Bhutan has very
few restrictions on trade and investment, and the government encourages
foreign investment. Bhutan ranks highly in economic freedom and is one of
the freest economies in the world.
Economic freedom of Bhutan

Black Economy
It is estimated that the black economy accounts for around
20% of Bhutan's GDP. This is a huge amount of money that is
not being taxed, and which is not being used to improve the
country's infrastructure or provide social services.

Managers must prioritize their options, operating in countries that offer the greatest
return with the least risk. Improving the odds of success depends on:
 assessing the development
 Performance
 potential of an economy.
Bhutan's economy is facing several challenges:
 large trade deficit
 high levels of government debt
 lack of investment in key sectors.
Conclusion

Why should I invest in Bhutan?
 Bhutan is a beautiful country with a rich culture.
 Low taxes, its skilled workforce.
 Happy people consumes more.
 Tax holidays and duty-free imports.

 The government is also working to improve the country’s
infrastructure.
 It is one of the fastest-growing economies in the world, with
an annual growth rate of 7.5%.
 Bhutan has a young and rapidly growing population. Over
60% of the population is under the age of 30.
Why should I invest in Bhutan?

Why should not I invest in Bhutan?
 Lack of transparency in its business.
 The Bhutanese government has a history of being unstable, which could make
investing in the country risky.
 Bhutan is a small country with a limited amount of resources, so there may not be
as much potential for growth compared to other countries.
 Bhutan is a relatively small market with a population of just over 700,000 people

Why should not I invest in Bhutan?
 Bhutan does have a debt-laden economy.
 Bhutan is a landlocked country. There is no sea port to easily
trade internationally.
 It is one of the world's poorest countries (153rd).
 Relatively undeveloped economy.

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