industrial development is the index of nations progress. explain
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The HDI was introduced in 1990 as part of the United Nations Development Programme (UNDP) to provide a means of measuring economic development in three broad areas - per capita income, heath and education. The HDI tracks changes in the level of development of countries over time
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Explanation:
It is indeed true that industrial development is a clear indicator of the economical condition of the country. The industrial production index (IPI) is an indicator followed by many nations to determine the industrial growth and profits relatively.
Better IPI means more development, more profits. And when a country has good capital then it can use it to manage its resources well, by investing on health , education etc.
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