Explanation:
Mention the indicators of development included in each.
Solution:
PQLI:
Physical Quality of Life Index (PQLI) views development from the perspective of better healthcare and education facilities which ensure to improve the standard of living in the long run. Therefore, it considers
• Life expectancy
• Infant mortality rate
• Basic literacy
However, its limitation is that it totally ignores the income factor.
HDI:
Human Development Index considers health and education to be important for human development. In addition, it also considers income to be an important factor to raise the standard of living. So, Human Development Index is prepared on the basis of three main
components. They are
• Per capita income
• Literacy and gross school enrolment rate
• Life expectancy
The value of the HDI lies between 0 and 1. While 0 indicates least development, 1 depicts the highest level of development.