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Indicators-Specific observable and measurable characteristic that can be used to show
changes
Indicators are succinct measures that aim to describe how the program is performing.
They allow programmers to assess what is working and what needs to be improved.
Highlight problems
Identify trends
● The health aspect of the HDI is measured by the life expectancy, as calculated at
the time of birth, in each country, and normalized so that this component is equal to
0 when life expectancy is 20 and equal to 1 when life expectancy is 85
● Education is measured on two levels: the mean years of schooling for residents of
a country, and the expected years of schooling that a child has at the average age for
starting school.
● The economic metric chosen to represent the standard of living is GNI per capita based
on (PPP),purchasing power parity a common metric used to reflect average income.
● The standard of living is normalized so that it is equal to 1 when GNI per capita is
$75,000 and equal to 0 when GNI per capita is $100.
● The final HDI score for each country is calculated as a geometric mean of the three
components by taking the cube root of the product of the normalized component scores.
India ranked 132 out of 191 countries in the United Nations Human Development Index
2021-22 released September 8, 2022 with a score of 0.633
Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within
the country during a specified period of time, normally a year.
In simple terms, GDP is the measure of the country's economic output in a year.
It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity
(PPP).
According to the International Monetary Fund (IMF), on a per capita income basis,
One way to determine how well a country’s economy is flourishing is by its GDP growth rate.
This rate reflects the increase or decrease in the percentage of economic output in monthly, quarterly,
or yearly periods.
Gross Domestic Product enables economic policymakers to assess whether the economy is weakening
or progressing
From these assessments, government agencies can determine if expansionary, monetary policies are
needed to address economic issues.
Gross National Product (GNP)?
Gross national product (GNP) is an estimate of the total value of all the final products and services
turned out in a given period by the means of production owned by a country's residents.
GNP is commonly calculated by taking the sum of personal consumption expenditures, private
domestic investment, government expenditure, net exports, and any income earned by residents from
overseas investments, then subtracting income earned by foreign residents
● GNP is related to another important economic measure called gross domestic product
(GDP), which takes into account all output produced within a country's borders
regardless of who owns the means of production.
● GNP starts with GDP, adds residents' investment income from overseas investments,
and subtracts foreign residents' investment income earned within a country
world happiness index
The rankings are based on reports of respondents' assessments of their own lives, and articles on
national happiness are included.
● The World Happiness Report is being published by United Nations Sustainable Development
Solutions Network, since 2012, to rank countries by how happy their citizens perceive
themselves to be.
● The Report is based on two key ideas, (1) happiness or life evaluation measured through opinion
surveys and (2) identifying key elements that determine well-being and life evaluation across
countries.
● India-136th position in the United Nations' World Happiness Report for the year 2022.
Finland has been named the happiest country in the world,
optimal effectiveness, there is a need to plan resources in relation to other sectors and to
overall development planning,