what is Human Development Index how it is useful
Answers
Human Development Index (HDI) is a statistical tool used to measure a country’s overall achievement in its social and economic dimensions. Human Development Report published by the UNDP compares countries based on their educational level, health status and per capita income.
Following are the points that indicate the significance of the HDI.
1. It is multidimensional as it includes indicators such as literacy rate, enrollment ratio, life expectancy rate, infant mortality rate, etc.
2. It acts as a true yardstick to measure development in real sense. Unlike per capita income, which only indicates that a rise in the per capita income implies economic development, HDI considers many other vital social indicators and helps in measuring a nation's well-being.
3. It helps as a differentiating factor to distinguish and classify different nations on the basis of their HDI ranks.
The Human Development Index is a statistical method that is used for measuring the total achievement of the country in terms of their social and economic developments.
Explanation:
- The social-economic development of a country refers to the ‘standard of living of the people’, their health and level of education.
- It gives the ‘Gross National Income’ per capita for the standard of living of the people in the country or state.
- It helps in determining the living conditions of the people in a country or region.
- These index help in eradicating poverty and improve the living conditions of the people with protecting and supporting the ‘human rights’ of the people.
Learn more about Human Development Index
What is HDI or human development index?
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Write the names of any two indicator of human development index
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