Explain the meaning of HDI. Mention three components of measuring HDI.

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asked Mar 12, 2018 in Social Science by paayal (26,720 points) 4 6 46
Explain the meaning of HDI. Mention three components of measuring HDI.

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answered Mar 12, 2018 by sanjaydas (61,430 points) 5 7 7
selected Mar 14, 2018 by faiz
 
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HDI stands for Human Development Index. It may be defined as the process of widening people’s choice as well as raising the level of well being. The concept of HDI goes beyond income and growth to cover all human choices. It puts the people at the center stage and covers all aspects of human development with the object of improving the conditions of people from all angles. It is a broader approach to development.

(i) Life Expectancy: It is the average expected the length of life of a person at the time of birth.

(ii) Per Capita Income: Mean Income of the people is an economic unit. It is calculated by dividing the total national income of a country by its population. It is calculated in dollars for all the countries so that it can be compared. 

(iii) Gross Enrollment Ratio for three Levels: It means enrollment ratio for primary schools, secondary schools and higher education beyond secondary level.

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