How is PQLI calculated?

How is PQLI calculated?

The three-item PQLI is calculated on a scale that ranges from 0 to 100: (1) the percentage of the population that is literate (literacy rate), (2) the rate of indexed infant mortality ((166—infant mortality) × 0.625), and (3) indexed years of average life expectation ((life expectancy—42) × 2.7).

How PQLI is calculated with example?

These 3 inferences must then be averaged in order to calculate the PQLI. For example: life expectancy value 77 (highest in the world) minus 38 (lowest)/100 = . 39. In order to measure the value of India’s life expectancy: value of 1-year-old’s life expectancy = 56 (1-year-old’s life expectancy in India) minus 38/.

What are the components of PQLI?

Physical Quality of Life Index (PQLI)

• Life Expectant Rate (L.E.I)
• Infant Mortality Rate (I.M.I)
• Basic Literacy Rate (B.L.I)

What is the full form of PQLI?

The Physical Quality of Life Index (PQLI) is a summation of complex social interrelationships on which no theoretical explanation imposes any given weights/biases. Equal weight is assigned to each component. The life expectancy in Nigeria is 49, infant mortality, 180/1000, and literacy, 25%. The PQLI is 25.

What is the value of PQLI?

The value of PQLI lies between 0-100. The value of PQLI has been calculated in highly, medium and low developed, SAARC countries and Nepal separately.

What is the difference between PQLI and HDI?

PQLI and HDI are similar, the main difference between the two being the inclusion of income in HDI and exclusion of the same from PQLI. In a sense, HDI represents both physical and financial attributes of development and PQLI has only the physical aspects of life.

How GDI is calculated?

Formula and Calculation of Gross Domestic Income GDI = Wages + Profits + Interest Income + Rental Income + Taxes – Production/Import Subsidies + Statistical Adjustments. GDP = Consumption + Investment + Government Purchases + Exports – Imports.

How do you calculate economic development?

Measuring Economic Growth: GDP The GDP is calculated by estimating the gross output of goods and services by the country, and subtracting the intermediate consumption (the cost of materials and services used to produce the goods or services sold).

Who developed P.Q.L.I in India?

Morris David Morris created the Physical Quality of Life Index (PQLI) for the Overseas Development Council in the mid-1970s.

What is the maximum value of PQLI?

The Physical Quality of Life Index (PQLI) is an attempt to measure the quality of life or well-being of a country. The value is the average of three statistics: basic literacy rate, infant mortality, and life expectancy at age one, all equally weighted on a 0 to 100 scale.

Who introduced the concept of PQLI?

The Physical Quality of Life Index (PQLI) was developed for Overseas Development Council in the mid-1970s by Morris David Morris. It was created due to dissatisfaction with the use of GNP as an indicator of development.

How do you calculate HDI of a country?

There are two steps to calculating the HDI:

1. Forming indices for each of the four metrics. Values of each of the four metrics are first normalized to an index value of 0 to 1. …
2. Aggregating the four metrics to produce the HDI. Once each of the individual indices have been calculated, they are aggregated to calculate the HDI.

What is the range of HDI value?

These indicators are compiled into a single number between 0 and 1.0, with 1.0 being the highest possible human development. HDI is divided into four tiers: very high human development (0.8-1.0), high human development (0.7-0.79), medium human development (0.55-. 70), and low human development (below 0.55).

Who introduced HDI?

Description: Pakistani economist Mahbub ul Haq created HDI in 1990 which was further used to measure the country’s development by the United Nations Development Program (UNDP).

Which Indian state has highest HDI?

India has a HDI value (using international goalposts) of 0.504 (Table 3). The HDI is the highest for Kerala (0.625) followed by Punjab (0.569) and the lowest for Orissa (0.442), Bihar (0.447) and Chhattisgarh (0.449).

What are the positive aspects of PQLI?

Advantages of pqli is as follows: In a country, the welfare distribution is considered by the P.Q.L.I. Without covering a large part of population by economic benefits, life expectancy, high literacy and low rate of infant mortality cannot be maintained by country. These are the indicators of P.Q.L.I .

What is Nepal’s HDI?

Nepal’s HDI value for 2019 is 0.602— which put the country in the medium human development category—positioning it at 142 out of 189 countries and territories. Between 1990 and 2019, Nepal’s HDI value increased from 0.387 to 0.602, an increase of 55.6 percent.

What is the minimum and maximum value of Human Development Index?

The main three indicators of Human Development Index are life expectancy, education, Gross National Income per capita. The value of Human Development index ranges between 0 (zero) and 1 (one). The minimum value of human development index is 0 (zero) and maximum value of human development index is 1 (one).