Explore the latest Human Development Index (HDI) rankings, revealing India’s position at 134th and its comparison with neighboring nations like Bangladesh, Sri Lanka, Bhutan, and China. Delve into the disparities and insights on development in the region.
What Is Human Development Index?
The Human Development Index(HDI) is a statistical tool used to measure and compare the overall development of countries. It takes into account key aspects of human well-being, including life expectancy, education, and per capita income. HDI provides a comprehensive snapshot of a nation’s standard of living and quality of life, allowing for comparisons between different countries and tracking progress over time.
Global Human Development Index (HDI)
India’s Ranking: 134
Human development index India holds the 134th position on the global Human Development Index (HDI) as per the latest report by the United Nations Development Programme (UNDP).
UNDP’s Latest Report
The United Nations Development Programme (UNDP) recently released its report on human development. The 2023/24 Human Development Report, titled ‘Breaking the Gridlock: Reimagining cooperation in a polarized world,’ underscores the wide gulf in development between wealthy and underprivileged nations. 134 is the rank of India in human development index
Disparities in Development
The report highlights significant differences in development levels between wealthy and impoverished nations. Titled ‘Breaking the Gridlock: Reimagining Cooperation in a Polarized World,’ the report highlights a notable development disparity between rich and poor nations.
Economic Inequalities
Economic disparities are exacerbated by concentrated global trade and the dominance of a few tech giants. The report highlights how global economic inequality is worsened by significant concentration. Nearly 40% of worldwide trade in goods is controlled by just three countries. Additionally, in 2021, the market value of the three largest tech companies exceeded the GDP of over 90% of countries.
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