India ranks high on HDI improvement

[dray]

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.

India ranks high on HDI improvement - Chart Of The Day 15 March 2013 - Equitymaster

 

[jarves]

So this means that gap between India and other South Asian countries will increase more.

 

[Gibbs]

So this means that gap between India and other South Asian countries will increase more.

Eh.. you need to be more specific when you mention other South Asian countries for obvious reasons

 

[scorpionx]

This is a modestly encouraging news. The fact that data shows that Economic prosperity is not directly proportional to Human development Index proves we have performed pathetically in resource management. Billions of dollars are allotted in every five year planning but the results have not been even satisfactory. Poor African Countries like Ghana and Ivory Coast have done better than India in some aspects. So, funding has never been a problem.What we can do is take Sri Lanka as a model state and learn a bit from them, going block by block in every district.This might help to make the figures look a little more bright in future.