The Scope of Private Actors in Impact Investing, Philanthropy
According to Central Statistics Office data released last month, the per capita income in real terms (at 2011-2012 prices) in 2015-2016 is set to reach Rs.77,431 as compared to Rs.72,889 in 2014-2015.
Surely that is good news, but when you take a step back and look at the Human Development Index (HDI) rankings, India stands at 130 out of 180 countries.
The United Nations defines HDI as an average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and having a decent standard of living.
A rank of 130 means that even today India cannot claim that a vast majority of its citizens have access to healthcare, education, food, and a decent living.