what is the significance of human development in India state any three factors other than income that are important in life
Answers
HEY MATE,
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 capital income, which only indicates that a rise in the per capital 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.
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Factors other than income that are important in life.
(i) Infant Mortality Rate: It is an indicator of the availability of doctors and medical facilities in the region as well the awareness of the people living there in regard to diseases and their prevention.
(ii) Literacy Rate: This is an indicator of the number of schools and teachers available in a region and also indicates whether the facilities are being used or not due to societal pressures.
(iii) Life Expectancy: This is also an indicator of available health facilities. Low life expectancy is a hindrance to economic development.
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