Distinguishing Countries on the Basis of Modified HDI

Abstract

 The well-known Human Development Index (HDI) encompasses only three rather basic aspects
 of human welfare. However, development goes beyond these factors and therefore this research
 paper extends to the effect of new dimensions namely political and cultural freedom, control of
 corruption, electric power consumption, leisure conditions measured by number of mobile cellular
 subscriptions, quality of life and wellbeing measured by improved water resources and sanitation
 facilities and population growth that can be incorporated into HDI for better express progress
 in development. This paper explores the relationship between these factors of human well-being
 and distinguishes 122 countries between low HDI and high HDI. The primary reason of inclusion
 of additional factors is to provide a holistic measure of progress of countries and thus, yielding
 a more precise conclusion of their development status.