What is development? What are the indicators used by UNDP for measuring development? Compare it with the World Bank report. (Board Term-I, (82), 2012)

What is development? What are the indicators used by UNDP for measuring development? Compare it with the World Bank report. (Board Term-I, (82), 2012)

Question: What is development? What are the indicators used by UNDP for measuring development? Compare it with the World Bank report. (Board Term-I, (82), 2012)

Answer: (i) Development refers to the process as a result of which along with increase in real per-capita income, there is improvement in the economic welfare and well-being of people.

The UNDP has taken :

(a) Education,

(b) Health and

(c) Per-capita income as the indicators.

(ii) Compared to the World Bank Report :

(a) It is a broader concept of development.

(b) Countries have been ranked and goals other than level of income are being taken into account.