Q) What is HDI and how it is calculated?
HDI is human development index. It is a tool to measure and compare the economic development of various countries. It is a part of United Nations Development Program (UNDP). It was introduced by a Indian economist Artya Sen and a Pakastani economist Mehbob-Ul-Hak in 1990. It is used to measure the social and economic development by using three factors:
- Education Index (EI)
- Life Expectancy Index (LEI)
- Income Index (II)
It is calculated by using the following formula:
It is measured in the range of 0-1, closer to 0 is less developed and closer to 1 is highly developed. Norway is first in the HDI ranking and India is ranking 136th.
HDI is human development index. It is a tool to measure and compare the economic development of various countries. It is a part of United Nations Development Program (UNDP). It was introduced by a Indian economist Artya Sen and a Pakastani economist Mehbob-Ul-Hak in 1990. It is used to measure the social and economic development by using three factors:
- Education Index (EI)
- Life Expectancy Index (LEI)
- Income Index (II)
It is calculated by using the following formula:
It is measured in the range of 0-1, closer to 0 is less developed and closer to 1 is highly developed. Norway is first in the HDI ranking and India is ranking 136th.
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