India has been ranked lower than Nepal and Bangladesh in the World Bank’s Human Capital Index (HCI), however Indian Government has rejected the findings.
India has been placed in 115th position out of the 157 countries, shockingly India has been placed lower than the other neighbouring countries like Nepal, Sri Lanka, Myanmar, and Bangladesh.
The report ranked 157 economies on parameters like:
- Child Mortality,
However, the finance ministry has rejected the findings and it has stated that the key initiatives undertaken by the government for developing the human capital in the country might have not taken into consideration.
“The Samagra Shiksha Abhiyan has been launched to focus on access and quality of education for the benefit of 197 million school children.” ministry stated
“Through the Ayushman Bharat Programme, India has now launched the world’s largest Health Insurance initiative providing 500 million citizens with adequate health coverage, and transforming 150,000 Health Centres into Wellness Centres to provide comprehensive primary health care services,” it added.
“Pradhan Mantri Ujjwala Yojana has improved the health of about 38 million women by providing them with LPG connection to replace firewood, the ministry added. Pradhan Mantri Jan Dhan Yojana has attracted more than half of the population towards the banking sector,” it added.
“The Government of India, therefore, has decided to ignore the Human Capital Index (HCI) index and will continue to undertake its path-breaking programme for human capital development aiming to rapidly transform quality and ease of life for all its children,” it said.
Singapore has topped the Human Capital Index (HCI), followed by South Korea, Japan, Hong Kong. However India has rejected the findings of the report by the World Bank, but it must surely go through on which basis the country has been placed in the 115th position. If the findings are true and if India really lacks behind in developing Human Capital Index then the government must strive hard to improve the quality of life the people.