In what respects is the criteria used by the UNDP for measuring the development different from the used by the world Bank?
Answers
UNDP uses : education,health and percapita income as indicators. World bank uses broader concept of development,countries have been ranked and goals other than level of income are being taken into account.(infant mortality rate,literarcy rate,net attendance ratio,human development,a available facilities etc)
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.