What is Human Development Index? Explain its various indicators in detail.
Answers
Answer:
HDI : human development index is an index brought out by UNDP which indicates the overall social and economic well being of the people of a country and rank all the 189 countries based on their development.
It's various indicators are as follows:-
i. Life expectancy at birth: It is the average number of years a person is expected to live. In other words, it is the longevity of life. A high value of life expectancy better indicates a quality human development.
ii. Literacy rate: It is the average number of persons who have reading and writing skills with basic local knowledge. It is expressed in percentages. The high literacy rate shows high human development.
iii. GDP per capita: The gross domestic product per head is also one of the indicators of human development. The high value of GDP per capita indicates a better human development.
Hope it helps.
Fun fact: India's HDI rank for year 2020 is 131.
Answer:
Calculation of the index combines four major indicators: life expectancy for health, expected years of schooling, mean of years of schooling for education and Gross National Income per capita for standard of living. Every year UNDP ranks countries based on the HDI report released in their annual report.