Question

Why is HDI necessary?​

Answer 1

Hey mate!!

HDI ( Human Development Index)is important because of the following points:

• To know the level of human development in any area.
• To know the areas that needs improvement in human development.
• Improve the human development situation.
• To make the plans for improvement of human development in any country.

Additional Information:

• Short note about HDI

= The development of human health, education,food,housing skill etc is overall human development.The index showing the levels of economic , social, educational development of any country is called HDI.This helps to strengthen the alternatives that help a human society and country in itself.Three factors responsible for human development are per capita income, education and average age.HDI for any geographica area,people,society etc can be calculated by taking these three factors into account.HDI is calculated in the range of 0 to 1.

• How do we calculate HDI?

= We need average age index, education index and per capita income index.The following formulas are updated after 2010 AD.

1. Average age index

Average age index= Average age for thee subjected country- minimum average age for the world/ maximum average age for the world- minimum average age for world.

2. Education Index

Education Index= (Average Educational involvement time for the subjected country/15+ Educated educational involvement time for the subjected country/18)/2

3. Income Index

Income Index= Average Per capita income for the subjected country- Minimum per capita income for the world/ Maximum per capita income for the world- minimum per capita income for the world.

$hope\: this \: helps..... \\ good \: luck \: on \: your \: assignment.....$

Answer 2

The HDI is necessary because it was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone. The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI.