On Thursday, India has rejected the reports of by the World Bank on Human Capital Index (HCI). In this, the findings of the report have placed India on 115th position. This position at which India has been placed is lower than Sri Lanka, Myanmar, Bangladesh, and Nepal.
As per the World Bank, in its report said that it had ranked 157 economies as per the parameters. These parameters include health, education as well as child mortality. As per the statement, which was given by the Finance Ministry, said that the HCI score for India does not include the key initiatives that the government has taken for developing the human capital in India.
As per the Ministry, the country has launched The Samagra Shiksha Abhiyan which has been launched to focus on the access as well as the quality of the education to give benefit to about estimated 197 million school going children.
The latest scheme which was launched by India is named as Ayushman Bharat Programme. With this scheme, India now has the world’s largest Health Insurance. This scheme is said to be providing health coverage to about 500 million citizens as well as they will transform it to about 150,000 Health Centres into the Wellness Centres. This centre is said to be providing about comprehensive primary healthcare services.
The ministry added by saying that Pradhan Mantri Ujjwala Yojana has now reduced the pollution due to the burning of woods and at the same time it has improved the health of about 38 million women. They provide them with the LPG connection to replace firewood as well as coke based stoves for cooking.
When it comes to the financial inclusion, the Pradhan Mantri Jan Dhan Yojana has said to be providing about access to formal banking services which is said to be over 328 million persons. The share of this account ownership is said to be among the rural adults which are about more than doubled from 33 per cent in the year 2011. This has been increased to about 79 per cent in the year 2017.
All these schemes from the government are not taken into the account when they are ranking HCI for India so Government of India said in a statement that they would ignore this HCI report by World Bank. But at the same time, they will fully be dedicated to undertaking to develop more on the human capital.