Discuss the importance of ‘Governance Indicators’ outlining its significance for development.

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Governance indicators are quantitative or qualitative measures used to assess the effectiveness, efficiency, and accountability of a government's policies and institutions. They are used to evaluate the quality of governance in a country or region and are important for development because they provide a way to assess progress and identify areas in need of improvement.

One of the main reasons governance indicators are important for development is that they provide a way to measure the effectiveness of government policies and institutions. By analyzing data on various governance indicators, such as the rule of law, corruption, and political stability, policymakers can identify areas where the government is performing well and areas where it is not. This information can then be used to make informed decisions about how to allocate resources and design policies to improve governance and promote development.

Another reason governance indicators are important for development is that they provide a way to hold governments accountable for their actions. By regularly monitoring and reporting on governance indicators, civil society organizations and international organizations can put pressure on governments to improve governance and promote development. This can also help to prevent corruption and abuse of power by government officials.

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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : BACHELOR OF ARTS
Course Code : BAG
Subject Name : Indian Economy – I
Subject Code : BECE 145
Year : 2022 2023