INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT3 Marks
Question
State the important aspects of $HDI.$
✓
Answer
important aspects of $HDI:$
The value of $HDI$ ranges from $0$ to $1.$
The maximum value of $HDI$ is $1$ which is based on three standards namely life expectancy, knowledge and good standard of living.
The country whose $HDI$ data is closer to $1$ is considered more developed. It gets higher ranking in $HDI.$
The country whose $HDI$ value is away from $1$ is considered less developed. It gets lower ranking in $HDI.$
According to data of $2014$ out of $188$ countries, Norway ranked number $1$ with $0.944$ points while India ranked $130th$ with $0.609$ points.
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