Giving primacy to human development
The HinduThe promise of development has emerged as a rallying point for political parties for the elections. First, the Human Development Report 2023-24, published by the United Nations Development Programme, takes a comparative perspective and maps the achievements in the area of human development. India ranked 134 out of 193 countries in the UN Human Development Index in 2022, which was an improvement compared to 2021, when it ranked 135 out of 192 countries. Thus, income inequalities, which often intersect and are associated with other inequalities in human development, shape agency.” That is, agency increases as income grows for the bottom 50% of the distribution. Given low levels of human development, high levels of inequality, low savings and high debt, it is time to think about an alternate growth strategy which accords primacy to human development and convert it as a route to accelerate growth.
History of this topic
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