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Norway named world's best place to live

04:34 PM | 16 Dec, 2015
Norway named world's best place to live
NEW YORK (Web Desk) - Norway has been declared the best country in the world to live in followed by Australia and Switzerland for the 12th year in a row.

The Human Development Index (HDI) is a measure of basic human developments within 188 countries, released by the UN in its annual Human Development Report.

Pakistan ranked 147 among 188 countries in 2014 in Human Development Report 2015 released today (Wednesday) by the United Nations Development Programme (UNDP). While, India was placed 130 and Bangladesh 142 respectively.

"India's HDI value for 2014 is 0.609, which puts the country in the medium human development category, positioning it at 130 out of 188 countries and territories.

"Between 1980 and 2014, India's HDI value increased from 0.362 to 0.609, an increase of 68.1 per cent or an average annual increase of about 1.54 per cent," a note circulated with the report said.

The HDI is an average measure of basic human development achievements in a country. It is a summary measure for assessing long-term progress in three basic dimensions of human development -- a long and healthy life, access to knowledge and a decent standard of living.

Life expectancy at birth increased to 68 years in 2014 from 67.6 in the previous year and 53.9 in 1980.

Gross National Income (GNI) per capita was USD 5,497 in 2014 up from USD 5,180 in 2013 and USD 1,255 in 1980.in 2013 and USD 1,255 in 1980. India's GNI per capita increased by about 338 per cent between 1980 and 2014.

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According to the report, India's 2014 HDI of 0.609 is below the average of 0.630 for countries in the medium human development group and above the average of 0.607 for countries in South Asia.

From South Asia, countries which are close to India in 2014 HDI rank and to some extent in population size are Bangladesh and Pakistan, which have HDIs ranked 142 and 147, respectively.

The report further said India's HDI for 2014 is 0.609. However, when the HDI for 2014 value is discount for inequality, the HDI falls to 0.435, a loss of 28.6 per cent due to inequality in the distribution of the HDI dimension indices.

Bangladesh and Pakistan show losses due to inequality of 29.4 per cent and 29.9 per cent, respectively.

The average loss due to inequality for medium HDI countries is 25.8 per cent and for South Asia it is 28.7 per cent. The Human inequality coefficient for India is equal to 27.7 percent.

On Gender Development Index (GDI), the report said the 2014 female HDI value for India is 0.525 in contrast with 0.660 for males, resulting in a GDI value of 0.795. In comparison, GDI values value of 0.795. In comparison, GDI values for Bangladesh and Pakistan are 0.917 and 0.726, respectively.

Talking about Gender Inequality Index (GII), it said India has a GII value of 0.563, ranking it 130 out of 155 countries in the 2014 index.

In India, 12.2 per cent of Parliamentary seats are held by women, and 27 per cent of adult women have reached at least a secondary level of education compared to 56.6 per cent of their male counterparts. For every 1,00,000 live births, 190 women die from pregnancy related causes; and the adolescent birth rate is 32.8 births per 1,000 women of ages 15-19.

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Female participation in the labour market is 27 per cent compared to 79.9 per cent for men.

In comparison, Bangladesh and Pakistan are ranked at 111 and 121, respectively, on this index.

The 2015 Human Development Report (HDR) Work for Human Development examines the intrinsic relationship between work and human development.

Work, which is a broader concept than jobs or employment, can be a means of contributing to the public good, reducing inequality, securing livelihoods and empowering individuals, the report said.

Work, which is a broader concept than jobs or employment, can be a means of contributing to the public good, reducing inequality, securing livelihoods and empowering individuals, the report said.

"Work allows people to participate in the society and provides them a sense of dignity and worth. In addition, work that involves caring for others or voluntarism builds social cohesion and strengthens bonds within families and communities," the report said.

Courtesy: The Economic Times

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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