Any welfare oriented nation should be very concerned about the lower rank
in HDI , because it only means that
, their nations are lagging behind in health, education and standard of living matters.
India, slipping from 130th to 131st rank among 188
nations in HDI ranking is not a matter
to be ignored. Ever since, globalization era started, privatization ,liberalization and deregulation rules started dominating the economies of the
world , only the corporate sector benefited immensely and aggravated
the inequalities . Manufacturing
of aircrafts, helicopters , defense equipments , luxury cars , nuclear projects, smart cities, tube trains , satellite and
missile programmes became top priority projects and the social programmes
were neglected . The result is, the basic needs of majority of the population such as food,
drinking water , clothing, shelter,
education and health care are not
satisfied and they continue to suffer
due to joblessness and poverty .India which is loudly proclaiming as an
emerging economy , should feel ashamed to occupy such a lower rank in HDI and
bother to take measures to improve it . After all , higher rank in HDI
indicate the wellbeing of the entire population which would result in higher rate of human
capital formation
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