HomeNewsBusinessEconomyIndia jumps four positions on Human Development Index, moves to ‘medium’ category

India jumps four positions on Human Development Index, moves to ‘medium’ category

March 22, 2017 / 12:59 IST
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Moneycontrol News

India jumped four positions to rank at 131 out of 188 countries on the Human Development Index (HDI). With the move India is now classified in the ‘medium’ category, a significant improvement from ‘low’ category in the 1990s.

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Devised and launched in 1990, HDI is a statistic, which ranks countries into four tiers of human development on the basis of indicators such as life expectancy, education, and per capita income. A higher lifespan, higher level of education, and higher GDP per capita results in a country scoring higher HDI.

Norway holds the number one position on the list, a position it has held consistently since 2009 rankings, followed by countries such as Australia, Switzerland, Germany and Denmark. India, with an HDI value of 0.624, stood far behind its Asian peers such as Sri Lanka and the Maldives on the index.