3rd November 2011
The story continues: Australia #2, Cuba #57, India #134 (out of 187)
All indices are defective, and the HDI, designed by Amartya Sen, is particularly so. Purists like me prefer to look at separate components separately, for someone's subjective weightings (which underpin the combined index) don't necessarily match my weightings.
Anyway, there is a clear story that emerges if one looks at ALL possible indicators prepared by different organsations over a given year. I have covered many other comparative indices over the last year. This index more or less confirms the story of India's Third World status.
Indeed, even fourth rate socialist countries like Cuba fare better (Cuba has a socialised health care system that works – something I wouldn't recommend copying, for India should aim to be #1 not $51).
India is not Third Word, but Fifth World. The only improvements we have seen over the past 20 years have come about from A FEW MINOR improvements in liberty. India needs FAR MORE liberty if it has to achieve its potential.