Economic capsule- 3
Human Development Index and India Human Development Index (HDI) originally developed by Pakistani economist Mahabub ul Haq and utilised by United Nations Development Program (UNDP) in it's Human Development Report is widely accepted as a better measure of development.So far thirty reports (H D R) have been released. HDI is a composite index comprising of education, life expectancy and percapita income.As per 2019 data while Norway ranked first in HDI rank with 0.957 HDI value, India with HDI value of 0.645 was placed at the 131 rank Out of 189 countries.HDI position was estimated based on percapita income of $6681,12.2 years of expected schooling,6.5 years of mean schooling and average life expectancy of 69.7 years.Though India had marginally improved HDI from 0.642 in 2018 to 0.645 in 2019, country's average life of 69.7 is substantially lower than even that of Bangladesh 72.6 and Bhutan 71.8 years.While Bhutan with 129 th rank followed by India 131, Bangladesh...