Underinvesting In Health, Education May Risk India With Economic Future

economic future

It has been seen said that the quality of education, as well as healthcare, is said to be poor. There are also certain diseases which are among the population that means India is now risking the future economic growth by underinvesting in two key areas which are said to be important for the productivity of the workforce, as said by the new study.

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As per some reports, it has been said that Indians are working for about six and a half years which is said to be at peak productivity. India has been ranked at 158 among the 195 countries in the international ranking of human capital, as per the study by the Institute of Health Metrics and Evaluation. The study was said to be published in The Lancet, which is a global journal.

As per the human capital, it is a measure of the education as well as healthy levels in the population that was expressed as the number of expected years which was lived between the age of 20 and 64. It has been considered as an important determinant of the economic growth.

In the list, Finland has been ranked as the top with about 27 years of human capital, while Niger, Chad, and South Sudan has featured at the bottom with no more than two years of human capital. It shows that there is huge inequality globally.

As per Christopher Murray, who is the director of the Institute for Health Metrics and Evaluation (IHME) at the University of Washington said that the findings would show about the association which lies between the investments in the education as well as with the health and improved human capital and GDP?

It has been seen that the world economy now grows increasingly dependent on digital technology which is from agriculture to manufacturing to the service industry human capital grows as they are increasingly important for the stimulating local as well as national economies.

In the year 2016, Indians have expected to live five years longer between the age of 20 and 64 than in the year 1990. It has got a low functional health score which is about 43 out of 100 that means that the productive years are going to get affected due to the ill health.

In this study, it was also found that Afghanistan and Pakistan have registered smaller increases but the health scores when it is compared with India remain high.

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