In the first chapter, brief introduction of the GDI concept is given with its historical background. In the second chapter, a review of literature is taken. Third chapter narrates socio-economic review of Nashik district. Fourth chapter is about gender development in recent decades. Fifth chapter is the profile of sample data collected by the researcher. Sixth chapter includes Gender Development Index of Nashik district. While calculating it the researcher came to know about the missing factor that is decision-making power, which was not considered in Gender Development Index. Unless and Until a lady gets the freedom to spend and decide to construct a new index- 'Recognition Index'.Considering two variables namely, ownership of property and economic decision-making power, the formula was developed. By applying the formula to sample data, Recognition Index of every respondent was calculated. Contents - 1.Introduction 2.Review of Related Literature 3.Socio-economic Review of Nashik District 4.The Concepts and Status of Gender Development in Recent Decades 5.Profile of Sample Women and their Households 6.Gender Development Index of Graduate Women in Nashik District 7.Findings and Suggestions Bibliography