What is the importance of Human Development Index? Give three reasons.
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Human Development Index (HDI) The HDI was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone. ... The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI.
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Answer:The HDI gives an overall index of economic development. It gives a rough ability to make comparisons on issue of of economic welfare - much more than just using GDP statistics. Human Development Index is important because it helps us to know how a country is doing. It is a better measure of a country's progress.
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