Question

What is development what an indicator used by undp for measuring development compare with the World bank report?

Answer 1

i) Development refers to the process as a result of which along with increase in real per-capita income, there is improvement in the economic welfare and well-being of people. The UNDP has taken :

(a) Education,

(b) Health and

(c) Per-capita income as the indicators.

(ii) Compared to the World Bank Report :

(a) It is a broader concept of development.

(b) Countries have been ranked and goals other than level of income are being taken into account.

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