Q. Consider the following statements:
1.India’s economic growth has resulted in significant advancements in human development.
2.The twin objectives of high economic growth and reduction of inequality can only be achieved with improvements in human development and poverty reduction.
Which of the statement(s) given above is/are correct?
Explanation –
Statement 1 is incorrect. The Human Development Report (HDR) 2023-2024 ranked India 134 out of 193 countries. India is now the fifth largest economy but it still ranks lower than Sri Lanka, Bhutan, and Bangladesh in human development. Its economic growth has not translated into growth in human development.
Statement 2 is correct. Achieving high economic growth and reducing inequality are interconnected goals that require a focus on improving human development and reducing poverty. By investing in education, healthcare, and job opportunities, a country can enhance the capabilities and productivity of its population, driving economic growth while addressing inequalities. A more inclusive and equitable distribution of resources and opportunities can lead to sustainable development and an improved quality of life for all citizens.
Source: The Hindu
