Sanjeev Verma Chapter 32: India & the Global Economy + HDI Explained | Indian Economy for UPSC GS3

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00:00 - Introduction: India's Economic & Human Development Standing
00:58 - Two Key Topics: Global Output & HDI
01:24 - World's Global Output (2017 Data)
02:16 - Methods of Measuring Economy: Exchange Rate vs. PPP
04:51 - India's Rank: Nominal (6th) vs. PPP (3rd)
07:41 - The Catch: Low Per Capita Income (GNI)
10:15 - Human Development Index (HDI) Explained
11:21 - The 3 Parameters of HDI
13:08 - India's HDI Score & Rank (2018 Report)
14:14 - Why is India's HDI Rank Low?
15:41 - Improvements in India's HDI since 1990
16:50 - The Impact of Inequality (IHDI)
18:00 - The Way Forward: Policy Focus
19:14 - Summary of the Discussion

Dive into Chapter 32 of Sanjeev Verma’s Indian Economy book – “India and the Global Economy” – explained with clarity and precision for UPSC GS3 aspirants.
This session covers two crucial themes: India’s standing in global output and its performance on the Human Development Index (HDI). Understand how India ranks 6th globally by nominal GDP and 3rd by Purchasing Power Parity (PPP), yet lags in per capita GNI. We then analyze HDI's 3 pillars—health, education, and standard of living—India's rank, reasons behind its lower performance, and the inequality-adjusted HDI (IHDI).
Get conceptual clarity, current data, and exam-oriented insights.

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📚 Best for: UPSC GS Paper 3 | Essay | Ethics | Optional overlap