What is Physical Quality of Life Index in economics?

What is Physical Quality of Life Index in economics?

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.

How do you explain Physical Quality of Life Index?

The Physical Quality of Life Index measures the quality of life or well-being of a country based on three variables- basic literacy rate, infant mortality, and life expectancy at age one. All equally weighted on a 0 to 100 scale.

What are the three indicators of Physical Quality of Life Index?

It uses three indicators: literacy, infant mortality, and life expectancy at age one. Each is place on a fixed 1–100 scale.

What are the limitations of Physical Quality of Life Index?

Limitations of P.Q.L.I. Q.L.I ignores many factors which influence the quality of life such as employment, housing, justice, social security as well as human rights. Q.L.I is a simple average of literacy rate, infant mortality rate and life expectancy rate i.e. all the factors have been giving equal weightage.

What is PQLI And why is this important?

The PQLI informs about the changing distribution of social benefits among countries, between the sexes, among ethnic groups, and by region and sector. The PQLI facilitates international and regional comparisons by minimizing developmental and cultural ethnocentricities.

How is PQLI measured?

The PQLI index is calculated by averaging the three indicators giving equal weight to each and the index is also scaled from 0 to 100. If the indicators of life expectancy and basic literacy rate are positive, the best performance is shown as the maximum and the worst as the minimum.

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 bases 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. Therefore, the article highlights the calculation of PQLI based on the development of the country and also found that the value of PQLI has been improved.

What is the Physical Quality of Life Index of India?

Quality of Life Index by Country 2022

Rank	Country	Quality of Life Index
57	Panama	114.32
58	Jordan	113.92
59	Ukraine	111.93
60	India	110.99

What is the difference between HDI and PQLI?

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.

Who presented physical quality quality Index?

Morris David Morris created the physical quality of life index (PQLI), which assessed conditions in a country from its infant mortality rate, basic literacy rate, and life expectancy at age one.

Who invented the quality of life Index?

The Quality of Life Index (QLI), Copyright 1984 and 1998 (USA) by Carol Estwing Ferrans and Marjorie Powers, was developed to measure quality of life, defined as “a person’s sense of well-being that stems from satisfaction or dissatisfaction with the areas of life that are important to him/her”(1).

What is Physical Quality of Life Index Upsc?

Physical Quality of Life Index (PQLI) – Introduced by M D Morris in 1979, it is the average of three statistics: basic literacy rate (at the age of 15 years), infant mortality, and life expectancy at age one, all equally weighted on a 0 to 100 scale. It was widely used till 1990, when HDI was introduced.

Who constructed a composite Physical Quality of Life Index in 1979?

1. Physical Quality Of Life Index (PQLI): In 1979, D. Morris constructed a composite Physical Quality of Life Index (PQLI).