short note on human development index
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Human development is defined as the process of enlarging people's freedoms and opportunities and improving their well-being. Human development is about the real freedom ordinary people have to decide who to be, what to do, and how to live. The human development concept was developed by economist Mahbub ul Haq.
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The Human Development Index (HDI) is a measure of economic development and economic welfare. The Human Development Index examines three important criteria of economic development (life expectancy, education and income levels) and uses this to create an overall score between 0 and 1.
✔. 1 indicates a high level of economic development,
✔.0 a very low level.
The HDI combines:
1.Life Expectancy Index. Average life expectancy compared to a global expected life expectancy.
2.Education Index
(i)mean years of schooling
(ii)expected years of schooling
3.Income Index (GNI at PPP).
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