Human Development in India in a Comparative Context

38 Pages Posted: 9 Jan 2013

See all articles by Ranajit Dhar

Ranajit Dhar

Indian Institute of Management (IIMB), Bangalore

Date Written: March 30, 1994

Abstract

Human Development is both an end as well as means of growth and prosperity. It is a process which facilitates enhancing human choices as well as capabilities. Investment in human capital essentially involves improvements in the standards of nutrition, education, health, and habitat. Also UNDP's Human Development Index (HDI) has offered a better index of development than Income index.

An attempt has been made in this paper to study first, the level of achievements of human development in India in relation to the other countries. This will help to identify the gaps, suggest appropriate strategies including financial restructuring at the governmental level to be able to bring about perceptible improvements in the areas of human development in India and consequently create conditions for achieving sustained level of rapid growth with equity.

It appears that lack of adequate investment in human capital in India could be one of the principal reasons for perpetuation of low income, poor performance in population control, continuation of large-scale poverty, failures in tackling mounting trade gaps, practically no improvement in the total factor productivity growth, etc.

The country, therefore, needs much greater emphasis on human development.

Suggested Citation

Dhar, Ranajit, Human Development in India in a Comparative Context (March 30, 1994). IIM Bangalore Research Paper No. 60, Available at SSRN: https://ssrn.com/abstract=2180716 or http://dx.doi.org/10.2139/ssrn.2180716

Ranajit Dhar (Contact Author)

Indian Institute of Management (IIMB), Bangalore

Bannerghatta Road
Bangalore, Karnataka 560076
India

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