Home | ARTS | Business Environment and Law | Human Development In India- Infrastructure Of The Economy

Business Environment and Law-Infrastructure Of The Economy

Human Development In India- Infrastructure Of The Economy

   Posted On :  06.05.2018 09:05 pm

Economic Growth Contributes Most To Poverty Reduction When It Expands The Employment, Productivity And Wages Of Poor People And When Public Resources Are Channeled To Promoting Human Development.

Human Development In India
 
 

Measures of human development

 
 
Economic Growth Contributes Most To Poverty Reduction When It Expands The Employment, Productivity And Wages Of Poor People And When Public Resources Are Channeled To Promoting Human Development. A Virtuous Cycle Of Economic Growth And Human Development Arise When Growth Is Labour Using And Employment Generating And When Human Skills And Health Improve Rapidly.
 
Income, clearly, is only one option that people would like to have, though an important one. But it is not the sum total of their lives. Income is also a means, with which human development meets the end. Ever since the publication of the human development report 1990, efforts have been made to devise and further refine measures of human developments. Three measures have been developed. They are human development index (HDI), gender related development index (GDI) and human poverty index (HDI).
*For 1994 – 95 using $ 11 a day (1994 PPP US $)
 
Note: countries have been arranged in the descending order on the basis of HDI
 
Source: Compiled From UNDP, Human Development Report 2004.
 

Human Development Index

 
 
Hdi measures the average achievement in three basic dimensions of human development:
 
  •             A long and healthy life as measured by life expectancy at birth
 
  •             Knowledge as measured by the adult literacy rate (with two third weight) and the combined primary, secondary and tertiary gross enrolment ratio (with one third weight)
 
  •             A decent standard of living as measured by GDP per capita (PPP US $)
 
 
Before calculating hdi, an index for each of the three dimensions is created,

 
 
 The hdi is calculated as a simple average of the dimension indices. The table indicates human development index for 2002 for selected countries as reported in HDR 2004. Countries have been grouped under three categories:
 
  •             Countries in the HDI range 0.8 And above are in the high human development group
 
  •             Countries in the HDI range 0.5 To 0.8 Are in the range of medium human development group
 
  •             Countries in the HDI range less than 0.5 Are in the low human development group
 
The data has been collected for 177 countries. Among them 55 countries were in the high human development range, 86 countries were in medium human development range and 36 countries were in low human development range. India, which was at no.138 In hdi in 1994, has improved its position to no.127 In 2002.

 

Tags : Business Environment and Law-Infrastructure Of The Economy
Last 30 days 77 views

OTHER SUGEST TOPIC