Relationship between GDP and Human Development Indices in India
Society of Interdisciplinary Business Research (SIBR) 2011 Conference on Interdisciplinary Business Research
9 Pages Posted: 22 Jun 2011
Date Written: 2011
The Human Development Index is a composite index to measure the development of human resources in each country and four indicators of life expectancy; income per capita, the average number of years studying and hope to the number of years of education will be formed. Countries, according to the Department of Human Development Index, with high human development, countries with high human development, and human development countries with medium and low human development are divided. The development goal is to create conditions where people can live a long and healthy life and benefit in knowledge. The Human Resource Development Index is one of the important indicators of economic development for each country and is considered to have an effective role in economic development. The importance of the Human Development Index is put to review on the Indian economy. Trends change each of the three human resource development indexes during the 30-year period from 1980 to 2010. In this article, we will consider the relationship between GDP and three indicators of human resources in India. In addition, we will evaluate the relationship and mutual effects of each of the three indicators of human resource development in the Indian economy using the latest (2010) formula provided by the United Nations. In this study, GDP or income act as the dependent variables and the three indicators of long life, health and education act as independent variables.
Keywords: Human Development Index (HDI), Gross Domestic Product (GDP)
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