(i) Development refers to the process as a result of which along with increase in real per-capita income, there is improvement in the economic welfare and well-being of people.
The UNDP has taken :
(a) Education,
(b) Health and
(c) Per-capita income as the indicators.
(ii) Compared to the World Bank Report :
(a) It is a broader concept of development.
(b) Countries have been ranked and goals other than level of income are being taken into account.
