B.A LLB.

II

HARRBHAJANSINGH PUJARI

Economic
Development
-Features & Indicators
What is Economic
Development?
DEFINITION

Economic development is a process through

which the overall education, well-being, health,
income and living standards of the general
population improves.
Types of Economic
Development Indicators
Although economic growth and economic development are related
they cannot be used in the same context. Economists use different
types of economic development indicators and indices or metrics, to
assess the growth and development of a country or a region.
Some of the most popular types of economic development indicators
or indices available are as follows-
 HUMAN DEVELOPMENT INDEX (HDI)
The Human Development Index (HDI) is a
summary measure of average achievement in
key dimensions of human development

GDP PER CAPITA

Gross Domestic Product (GDP) per capita shows
Indicators : a country's GDP divided by its total population.

INTRODUCTION OF THE GDI AND

GEM
The UN has created the Gender-Related
Development Index (GDI) and the Gender
Empowerment Index (GMI) to measure gender
equality of a country.
Indicators

GENDER GENDER MODERN

DEVELOPMENT INDEX EMPOWERMENT
MEASURE
The GDI measures gender
gaps in human development The Gender Empowerment
achievements by accounting Measure(GEM) is a measure
for disparities between of inequalities between
women and men. men's and women's
opportunities in a country.
TRANSPORTATION
Networks like high-speed rail
structure are an important
type of economic
development indicator.
FEATURES OF ECONOMIC DEVELOPMENT
The process of economic development is a highly complex phenomenon and is
influenced by numerous and varied factors such as political, social and cultural
factors. It is charecterised by the following features
 Features
Economic Economic Economic
Development is a Development Development results
continuous process improves the in structural
standard of living changes

Economic Economic Economic

Development boosts Development leads Development helps
national income to social-economic to utilize national
equality resource property
Every government in the world
works towards achieving economic
development for its country. It is a
long term goal that will help
emerging economies to become
developed countries one day. The
year 2020 has proved a challenge Conclusion
because of the pandemic covid 19
but it is a fact that despite so much
turbulence the world has managed
to stay strong and move towards
further growth and development.
Thank You HARBHAJANSINGH PUJ ARI
ROLL. NO. 69
B.A.LLB. II