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Dec 30

Human Development Index: A Better Economic Measure than Gross Domestic Product?

We all have likely heard about GDP (Gross Domestic Product) being said by the leader of our country every year like GDP has increased by x % or decreased by x % due to so and so reasons. At the same time, many economists argue that GDP is not the right metric to measure the performance of a country. So, what is GDP? Why do many economists suggest that HDI (Human Development Index) can be a very inclusive indicator than GDP? What is so special with HDI? Let’s look into all of these..! Before t...

Rajesh.kanna

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