The Human Development Index is an index nation’s overall achievement in both social and economic dimensions based on the health of people, their level of educational attainment and their standard of living.
The concept of HDI was given by Amartya Sen and Lord Meghnad Desai. The first Human Development Index Report (HDR) was published in 1990 by UNDP (United Nations Development Programme) under the leadership of Pakistani economist Mahbub ul Haq.
Every year UNDP publishes HDI. Its value lies between 0 and 1. It is based on three key dimensions.
– Life expectancy at birth
– Mean years of schooling & Expected years of schooling.
– Per capita income.
Three components of HDI is –