Income And Other Criteria | Development | Notes | Summary - Zigya

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Income And Other Criteria

  1. Standard of living of people in a country depends on their per capita income. Countries with higher per capita income are more developed than others with less per capita income.
  2. Let us compare the per capita income of Maharashtra, Kerala, and Bihar.
  3. Maharashtra has the highest per capita income and Bihar is at the bottom.
  4. So, if per capita income were to be used as the measure of development, Maharashtra will be considered the most developed state of the three.
  5. Education and health also play an important role in the country’s development. To know about other criteria we should be familiar with some terms:
    1. Infant Mortality Rate (or IMR): It indicates the number of children that die before the age of one year as a proportion of 1000 live children born in that particular year.
    2. Literacy Rate: It measures the proportion of the literate population in the 7 and above age group.
    3. Net Attendance Ratio: It is the total number of children of age group 6-10 attending school as a percentage of a total number of children in the same age group.
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