Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

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

Equitymaster requests your view! Post a comment on "India ranks high on HDI improvement". Click here!

2 Responses to "India ranks high on HDI improvement"

neeradi srinivasulu

Nov 14, 2014

very improved


neeradi srinivasulu

Nov 14, 2014

short improvement or equal

Equitymaster requests your view! Post a comment on "India ranks high on HDI improvement". Click here!

Our Most Popular Charts

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms