Human Development Index

The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

A country scores higher HDI when the lifespan is higher, the education level is higher, the GDP per capita is higher, the fertility rate is lower, and the inflation rate is lower.

The HDI was developed by the Pakistani economist Mahbub ul Haq working alongside Indian economist Amartya Sen, often framed in terms of whether people are able to "be" and "do" desirable things in their life, and was published by the United Nations Development Programme.

The 2010 Human Development Report introduced an Inequality-adjusted Human Development Index (IHDI). While the simple HDI remains useful, it stated that "the IHDI is the actual level of human development (accounting for inequality)," and "the HDI can be viewed as an index of 'potential' human development (or the maximum IHDI that could be achieved if there were no inequality)."

THE PARAMETERS:

The 2010 Human Development Report (HDI) combines three dimensions:

A long and healthy life: Life expectancy at birth

Education index: Mean years of schooling and Expected years of schooling

A decent standard of living: GNI per capita (PPP US$)

***MYS: Mean years of schooling (i.e. years that a person aged 25 or older has spent in formal education)

***EYS: Expected years of schooling (i.e. total expected years of schooling for children under 18 years of age)

Finally, the HDI is the geometric mean of the previous three normalized indices.

Old method (before 2010 Report):-

The HDI combined three dimensions last used in its 2009 Report:

• Life expectancy at birth, as an index of population health and longevity to HDI

• Knowledge and education, as measured by the adult literacy rate (with two-thirds weighting) and the combined primary, secondary, and tertiary gross enrollment ratio (with one-third weighting).

• Standard of living, as indicated by the natural logarithm of gross domestic product per capita at purchasing power parity.

India ranked 130 among 188 countries in 2014 in Human Development Report 2015 . 

India's HDI value for 2014 is 0.609, which puts the country in the medium human development category, positioning it at 130 out of 188 countries and territories.

We are pretty Sure India will Improve it soon and we will be among the top's in the upcoming years.

Thanks You !!