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What does human development index indicate? By whom HDI is prepared? |
| Answer» The importance of Human Development Index are as follows:\tIt indicates the development of a country.\tIt indicates how far it has to yet develop to achieve a higher rank with respect to other countries.\tIt indicates the areas of improvement for a country.\tThrough it, one comes to know of\xa0the important elements of economic welfare like - life expectancy, level of education\xa0and real per capita income.\tIt measures material and non-material components of development.\tHuman Development Index (HDI) is helpful for a country to plan its future goals for development. | |