Question

What is the full form of HDI​.

Answer 1

Hint: HDI refers to a statistical technique used to assess a country's success in its socioeconomic characteristics, such as people's health, education, and standard of life. It is designed to stress that people and their skills and talents, rather than economic growth, should be the primary basis for assessing a country's progress.

Complete answer:
Amartya Sen, an Indian economist, and Mahbub ul Haq, a Pakistani economist, created the Human Development Index (HDI). It was later used by the United Nations to assess nations' social and economic progress.

The HDI is determined using four parameters, which are as follows:
- At birth, the life expectancy is
- Years of education to be expected
- The average number of school years
- Gross national income per capita (GNP per capita): level of living

A country's higher HDI score indicates that its inhabitants have a longer lifespan, a higher education level, and a greater GNP per capita. The United Nations Development Programme publishes the HDI every year (UNDP). It rates countries based on the HDI report published in its yearly report. The HDI is regarded as one of the finest instruments for evaluating a country's progress regularly since it is based on all of the key socioeconomic variables that are responsible for economic development.

Thus, HDI stands for Human Development Index (HDI).

Note: The Human Development Index has been criticized on several grounds, including an alleged lack of consideration for technological development or contributions to human civilization, a focus solely on national performance and ranking, a lack of attention to development from a global perspective, measurement error in the underlying statistics, and UNDP formula changes that can lead to bias.