India has improved its ranking on a global UN measure of well-being and quality of life of citizens, making progress for the first time since slipping in 2020 and 2021.......
Digital desk: The United Nations Development Programme (UNDP) has released its most recent report on human development, and India comes in at number 134 on the worldwide Human Development Index (HDI). According to the report, half of the world's poorest countries have not made the progress they did before the pandemic, while wealthy countries are seeing growth that has never been seen before.
The 2023/24 Human Development Report, titled "Breaking the Gridlock: Reimagining Cooperation in a polarized world," states that there is a significant gap in the development levels of rich and poor countries, even if the HDI is expected to hit record highs in 2023 following dips in 2020 and 2021. India has improved its ranking on a global UN measure of well-being and quality of life of citizens, making progress for the first time since slipping in 2020 and 2021.
According to the research, India's human development index (HDI) value increased from 0.633 to 0.644 in 2022, placing the nation in the medium human development category, consistent with prior years. This means that India, the fifth-largest economy in the world, is now ranked 134 out of 193 countries.
The research notes that significant economic concentration has exacerbated global inequality, with about 40% of world commerce in products concentrated in three or fewer nations. According to the estimate, in 2021, the combined market capitalization of the three biggest IT companies globally exceeded the GDP of over 90% of nations.
All three HDI metrics—life expectancy, education, and gross national income (GNI) per capita—saw improvements in India, in 2022. According to the data, life expectancy went from 67.2 to 67.7 years, mean years of schooling increased to 6.57, and GNI per capita increased from $6,542 to $6,951.
The UN report also said India demonstrated progress in reducing gender inequality, with a value of 0.437 which is better than the global and South Asian averages. India's HDI score decreased from 0.642 in 2020 to 0.633 in 2021.
Despite improvements in 2022, the nation still lags behind its neighbors in South Asia, including Bangladesh (ranked 129th), Bhutan (ranked 125th), Sri Lanka (ranked 78th), and China (ranked 75th). Sri Lanka has fallen five places, mostly as a result of its economic problems, whereas China rose three spots.
However, the most recent HDI assessment paints an awful portrait of a globe that is severely divided and overshadowed by conflict, even as it begins to recover from the shocks of the epidemic.
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