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India ranks high on HDI improvement
Mar 15, 2013


For quite some time we have been bombarded with negative news surrounding India. But the latest Human Development report of UNDP (United Nations Development Program) gives us a cause to cheer. As per the report, India has managed to reduce the shortfall in human development indicators in the past 2 decades as compared to the world average. It has reduced its shortfall by 24.5% in comparison with the world average. Though it ranks below China in this index, it is still in the 5 countries that have been able to achieve this feat. Things that have worked in India's favour are its investment in tertiary education and its drug industry. In fact the latter has helped India become a strong force in the world of generic drugs.

Not undermining India's achievement on this front it is important to note that countries like South Korea and Iran have ranked higher than India. Even though they haves not grown at the breathtaking pace at which India grew its economy during this period of time. This shows that just economic growth is not sufficient to improve on HDI (Human Development Index). For this countries have to concentrate on increasing social spending. Though India comes up with quite a few socialist policies, it has failed miserable on the execution front. Socialist and populist measures are announced more as a vote gathering exercise rather than an HDI improving one.

Data source:Business Standard

This Chart Of The Day was published in The 5 Minute WrapUp - The danger in trying to time the market

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2 Responses to "India ranks high on HDI improvement"

neeradi srinivasulu

Nov 14, 2014

very improved

Like 

neeradi srinivasulu

Nov 14, 2014

short improvement or equal

Like 
  
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