There is a gigantic question mark hanging over the economic recovery and the growth trajectory of India, right now. The International Monetary Fund (IMF) recently downgraded its growth forecast for FY21/22 (April 2021 to March 2022) to 9.5% from the previous 12.5%. This is same as the Reserve Bank of India’s (RBI) forecast of 9.5%, which is almost the middle of the range of growth forecasts available for India. While these numbers can be very informative for the financial markets and the participants thereof, the society at large can get confused by these numbers and their meaning.

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Background.
 
Every year, since 1990, UN releases five indices : the Human Development Index (HDI), the Inequality-Adjusted Human Development Index (IHDI), the Gender Development Index (GDI), the Gender Inequality Index (GII), and the Multidimensional Poverty Index (MPI). 
 
The latest report came 4 months back in which India has been ranked 131 out of 189 Nations, that have been divided into 4 categories; Very High human Development(VHD , Ranked 1-66), High human Development(HHD Ranked 67- 119) , Medium(MHD Ranked 120-156) and Low(LHD, Ranked157-189).  Out of 189 nations, India ranks at 131, Bangladesh ranked at the 133rd position, while Pakistan stood at 154th place and Srilanka, our another neighbor is ranked way ahead of us amongst High Human Devp Category.
 
India although figures in MHD category, However, on many indicators it finds itself worse than the nations placed in LHD Cat.
 
Its almost been more than 4 months since the report has been announced but a Politicised society that has the time to discuss all nonsense, petty political issues surprisingly has no concern for matters that impact their own lives i.e. analysing the HDI.
 
We have time to keep fighting and arguing about the worth of various Political leaders, but have no time to critically examine the report and analyse what needs to be done? 
 
What is this Index All About ?
 

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Our journey as a modern nation statestarted in 1947 with the historic speech byPandit Jawaharlal Nehru, with 95% illiteracy, barely any industry and transport system, armed forces that were divided due to partition lacking equipment was largely in disarray, if there were guns- then the dial sights were taken away by Pakistanis, making the guns ineffective, if there were files- maps were taken way by Pakistanis, if there were battalions, half the men had gone away to Pakistan and so on.


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