Question

The formulation of Human Development Index (HDI) was essential to
measure economic development. Explain.​

Answer 1

the importance of Human Development Index are as follows:

1. It indicates the level of development of a country .

2. It indicates the present rank of the country and how for it has to travel to achieve high rank.

3. through it we know important elements of economic welfare such as life expectancy, level of educational attainment and real per capita income.