In this workshop we will discuss about HDI and below are the summaries point:-
The UNDP defines development based on three essentials: long and healthy life, decent standard of living, and quality education.
The Human Development Index (HDI) is a social measurement that uses education, healthcare, and GDP to measure a country's overall well-being on a scale of 0 to 1.
HDI is a crucial measure of economic and social well-being because it covers both economic and social factors, reducing anomalies.
HDI provides metrics to measure the development of countries based on economic growth, life expectancy, and education.
Unemployment is a necessary evil because the population of employable people always surpasses available employment opportunities.
Full employment means low income to employees, which implies low standards of living and deters economic growth.
Unemployment ensures employees are paid well, allows for organizations to expand and compensate their employees handsomely for a better quality of life, and enables citizens to afford high-quality health education .