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Class : 11
Unit : Economics

Explain the method of calculation of Human Development Index.

Ans : The method of calculation has been revised from time to time since it’s inception in 1990 AD. According to the new method published on 4th November, 2010 and updated on 10th January, 2011. HDI is calculated with the help of Life Expectancy Index, Education Index and Income Index. The HDI value range between 0 to 1, where ‘0’ indicates the lower HDI and ‘1’ indicates the higher HDI. Minimum and maximum value fixed for each indicator of the global HDI in 2014. Dimension Indicators Minimum Maximum Health Life Expectancy(years) 20 85 Education Expected year of schooling Mean year of schooling 0 0 18 15 Standard of living GNI per capita at PPP 100 75000 HDI = (Health Index X Education Index X Income Index)⅓ Category of HDI HDI value Very High Human Development 0.800 or Above High Human Development 0.700 – 0.799 Medium Human Development 0.550 – 0.699 Low Human Development Less than 0.550
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