Economy, asked by rohitkumar64956, 7 months ago

what is the significance of the Human Development Index explanation ‽¿¿¿??????​

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Answered by reachvarunpalepu
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Answer:

It is a statistical tool used to measure a country's overall achievement in its social and economic dimensions.

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Answered by khandelwalvivek
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Answer:

Significance of the Human Development Index (HDI)

As per UNDP, 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.

Another way to understand HDI - It is a statistical tool used to measure a country's overall achievement both from social and economic dimensions. These 2 dimensions of a country are based on the health of people, their level of educational attainment, and their standard of living.

The HDI can also be used to question national policy choices, asking how two countries with the same level of Gross National income (GNI) per capita can end up with different human development outcomes.  

The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable, and have a decent standard of living.  

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