The report in its findings revealed that South Asia leads the world in improvements in human development. The report clarified that the South Asian Countries achieved widespread gains in terms of human development across the developing world from 2000 to 2012.
The report titled The Rise of the South Human Progress in a Diverse World also identified investment in Education and taking care of the environment as the two key factors that can contribute in the making of the healthy development.
It also indicated that although Afghanistan experienced several rapid gains but it lagged far behind in the race of development.
The progress in human development in context of India, Bangladesh and the other South Asian nation helped in driving a historic shift in global dynamics due to which millions of people have raised themselves out of poverty and billions are at the edge of joining the fast growing middle class.
The growth in Human Development achieved by different Nations
• Afghanistan and it was 3.9 percent (fastest)
• Pakistan achieved 1.7 percent
• Indian 1.7 percent
• Sri Lanka 0.7 percent (least growth achieved)
The findings of the report are based on the analysis of more than 40 developing countries that achieved striking human development gains in recent past. The term South and North in the report is used to denote developing countries and developed countries respectively.
National Commitments that are attributed to be the reason for the achievements made by the developing countries included
• Better public health and education services
• Innovative poverty eradication programs
• Strategic engagement with the world economy
The report in its findings also defined that the speed and scale with which the South had risen was dramatic and stressed that never in the history, living conditions of the people changed in such a dramatic condition and have driven the global economic growth and societal change for the first time in centuries.
Significance of the Changes
• The economic take-offs of China and India started with about 1 billion people in each of these countries and within 20 years the output per capita of these doubled, which means that an economic force have affected a much larger section of the population, than that happened after the industrial revolution
• The report also summed up that the combined economic output of the three nations namely Brazil, India and China will cross the aggregate production of Canada, France, Germany, Italy, the United Kingdom and the United States
Report Findings in context of India
India’s investments on the world-class tertiary education, openness to trade and investments, building of human capabilities allowed India to develop technology enabled industries that are supported by a huge support of its skilled labour. The automobile, pharmaceutical, chemical and service industry of India also grew at a fast pace and allowed it to tap into thje world market.
Results of such policies for India
• India’s trade output ratio increased to 46.3 percent in 2010 from 15.7 percent in 1990
• FDI in GDP went up to 3.6 percent from 0.1 percent in 1990
• Eight World’s largest fortune 500 listed corporations were Indian in 2011
• India’s stand to offer affordable capital goods that suits to the requirements of the people in south than form the goods from the west also offered India a chance to be a global economic power