Social progress is a term used to describe a societies' move beyond just the GDP numbers to look at factors that are instrumental in understanding real improvements in the lives of people.
It is imperative from two viewpoints.
First, it lets one focus on issues that are critical for not just the economy, but help in improvements in the quality of life of citizen's in a society.
Second, It is because the GDP in itself not a perfect measure of the goals that a society should pursue.
Thus, for inclusive growth it is imperative to look at both, economic growth in GDP terms as well as social progress in terms of the Social Progress Index (SPI).
The indicators are mostly from social and environmental domain and are outcome oriented thus have an actionable agenda that can be improved over time.
It is instructive to look at the results to understand the performance of countries relative to others, as well as their performance along key dimensions.
There is also a stage of development for social progress that classifies countries into six tiers from 'Very High Social Progress' to 'Very Low Social Progress.'
These are - 'Very High Social Progress', 'High Social Progress', 'Upper Middle Social Progress', 'Lower Middle Social Progress', 'Low Social Progress' and 'Very Low Social Progress'.
At present ,out of 133 countries rated on indicators of well-being such as health, water and sanitation, personal safety, access to opportunity, tolerance, inclusion, personal freedom and choice India has secured the 101th place.
This is lower than India's rank, of 93, for GDP per capita income.
Even Nepal and Bangladesh rank higher than India on the Social Progress Index (SPI) ratings to be released globally on 8 April 2015.
Norway has bagged the first rank; the U.S. is at the 16th place.