The main components used to calculate the HDI of countries belong to the three dimensions of Health, Education and Standard of Living. The indicators used to individually determine the index of each dimension are as follows: 1. Health Life Expectancy (Minimum and Maximum) 2. Education Expected and Mean Years of Schooling (Minimum and Maximum) 3. Standard of Living Gross National Income (GNI) per capita The life expectancy indicator gives a measure as to how many years a person living in a said country can be expected to live; expected and mean years of schooling gives a measure of the level of education and the corresponding population in each level of education in a country and GNI per capita gives a measure of how much income each person in the country on an average is earning. All the indicators have minimum and maximum values referred to as natural zeros and aspirational goals from which they are standardized. HDI = (IHealth . IEducation . IIncome)1/3 All the countries are ranked based upon the calculation of HDI based on the above mentioned method. However, these ranks do not directly showcase any individual aspect of the countries for example, a country with a very high life expectancy index and low values in other indices will achieve a similar rank to that of a country with all three indices at an average level. By using this method, the human development can at best be only an estimate and accurate analysis cannot be done. In the recent years, some of the other factors are also being considered in calculating HDI such as the inequality adjustment, gender development, etc. Given that there is a need for standardization whenever ranking is involved, I feel that many other factors should be taken into account while doing the calculations. Some of the factors are the time frame of calculations, status of natural resources in the country, political awareness of the population and penetration of the technology and respective infrastructure. Countries that have achieved independence very recently obviously will have an unstable foundation to build upon and at the same time may also be severely lacking in natural resources due to the exploitation of the occupying country, prime example being India for the latter category. At the same time, political awareness of the population will play a major role in ensuring that the politicians and leaders fulfil their duties responsibly and distributing the benefits according to the requirement thus reducing the inequality in a country. While some may argue that Education index already takes into account this factor, looking at it from ground level perspective majority of the educated population have zero political knowledge
Components of Human Development Index (HDI)
V S Narendranath Reddy (375) in some of the developing and developed countries, which can be observed from the low voter turnout for elections in a country. Technology today is playing such a major role in the lifestyle of people that it cannot be compared to a decade back. As such, I feel that a separate factor need to be developed to account for the penetration of technology. The above mentioned factors are not exhaustive in nature and are only suggestions based on secondary research. As Streetsen (1994:232) mentioned the concept of human development is much deeper and richer than what can be caught in any index or set of indicators.
References Human Development Report 2015 Technical Notes of HDR 2015 http://www.globalpolitics.cz/clanky/human-development-index-how-to-cope-with-itslimitations