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The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI is the geometric mean of normalized indices for each of the three dimensions.
HDI stands for Human Development Index. It was devised by Nobel prize winning Pakistani economist Dr. Mahbub ul Haq. It measures average achievements in basic human development in one simple composite index. It is measured from 0 to 1. It has 3 parameters, each with 1/3 weightage. 1.