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.