Question

Mention the different measures of economic development in indian economy

Answer 1

Some ways to measure the economic development are as follows:

Growth in GNP/GDP.Per Capita Income as an Index of Economic Welfare.The Physical Quality of Life Index (PQLI)Human Development Index (HDI)Inequality-adjusted HDI (IHDI)Gender related Development Index (GDI)Multidimensional Poverty Index (MPI)

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