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Based on HDI, 173 countries of the world have been classified into high, medium and low human development categories.

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Detailed Solution

The above statement is True.
Based on HDI, 173 countries of the world have been classified into high, medium and low human development categories. Since 1990, UNDP has been calculates the Human Development Index to compare the economic development of developed and developing countries every year. It is a composite index of three social indicators: life expectancy, educational attainment, and standard of living. It was developed by Pakistani economist Mahbub ul Haq and Indian economist Amartya Sen in 1990. Out of 187 countries, India ranks 130 in terms of HDI with a value of 0.609.

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