Measurement of Economic Development : ESI NABARD Grade A / B 2023

NABARD Grade A ESI economic and social issue; chapter – Indian Economy, chapter : measurement of economic development

The chapter on “Measurement of Economic Development” is an important topic under the Economic and Social Issues (ESI) section of the NABARD Grade A exam. It covers the various measures used to assess the level of economic development in a country. Here is an overview of the topics covered in this chapter:

  1. Gross Domestic Product (GDP): This section covers the definition of GDP, its components, and its limitations as a measure of economic development.
  2. Gross National Product (GNP): This section covers the definition of GNP, its components, and its importance in measuring the economic performance of a country.
  3. Human Development Index (HDI): This section covers the concept of human development, its components, and the methodology used to calculate the HDI. It also covers the limitations of the HDI.
  4. Multidimensional Poverty Index (MPI): This section covers the concept of multidimensional poverty, its components, and the methodology used to calculate the MPI. It also covers the limitations of the MPI.
  5. Inclusive Development Index (IDI): This section covers the concept of inclusive development, its components, and the methodology used to calculate the IDI. It also covers the limitations of the IDI.
  6. Sustainable Development Goals (SDGs): This section covers the concept of sustainable development, its goals, and the indicators used to track progress towards achieving the SDGs.

Candidates preparing for the NABARD Grade A exam should have a good understanding of these topics and their inter-relationships. They should be able to analyze economic data and interpret economic indicators such as GDP, GNP, HDI, MPI, IDI, and SDGs. Additionally, they should be aware of the challenges and limitations associated with these measures and the implications of economic development for society and the environment.