Distinguish between the Human Development Index (HDI) and the Inequality-adjusted Human Development Index (IHDI) with special reference to India. Why is the IHDI considered a better indicator of inclusive growth? (Answer in 150 words)
Answer explanation
Introduction HDI measures average achievements; IHDI discounts them for inequality in distribution across people. HDI versus IHDI HDI: combines life expectancy, mean and expected years of schooling, and GNI per capita.…