Question

In what respect is the criterion used by the UNDP for measuring development different from the nos. used by the world bank ?

Answer 1

world bank uses only the per capita income to compare within countries but undp compares by comparing the per capita income, literacy rate and and certain health status such as infant mortality rate.       

Answer 2

World bank only uses per capita income for measuring development while UNDP uses many other factors like infant mortality, healthcare facility education level which help in improving the quality of life and helps in making the citizens more productive. As per HDI- 2014, India's rank is 135. On the other hand, the World Bank uses per capita income as the only criterion for measuring development and classifying the countries as rich and poor. Per capita income is useful for comparison, it does not tell us how income is distributed.