Bhutan
- Author: United Nations Conference on Trade and Development
- Main Title: Challenges, Policy Options, and the Way Forward , pp 82-105
- Publication Date: June 2020
- DOI: https://doi.org/10.18356/4e98c7df-en
- Language: English
Bhutan is a small, landlocked country in the eastern Himalayas situated between India and China. The country is almost entirely mountainous; the southern border with India is at an elevation of around 300 meters above sea level, and the northern border with China is more than 7,500 meters above sea level (ADB 2013). Limited access to the global market, together with the rugged terrain that constrains infrastructure development, poses a significant challenge to the country’s development and diversification. Tense diplomatic relations with China, moreover, constrain the country’s ability to overcome its reliance on India. India was the destination of 94 per cent of Bhutan’s exports and the origin of 79 per cent of imports in 2012. India also accounted for 93 per cent of net capital inflows in the 2014–2015 fiscal year.
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