Human Capital Index | India's 116th place in the list of World Bank

 

India is ranked 116 in the World Bank's annual Human Capital Index 2020. The index covers 174 countries including India. The index is judged on the education and health status of 174 countries. Earlier India had objected to the index released in 2019.

                                                    

According to the Human Capital Index released by the World Bank, India's score this year is 0.49. Whereas in the year 2018, this score was 0.44. Earlier in 2019, India was ranked 115 out of 157 countries in the index released by the World Bank. The Central Government objected to the index of the World Bank on this. The government said that the World Bank has neglected the efforts being made for the poor in India.

 

On this, Roberta Gatty, Chief Economic, Human Development of the World Bank, said that her team is working with countries to improve the quality of data. So that a better index can be prepared for all. He said that we have worked directly with some of our client countries. This will help improve the measurement of the country's reforms by using the index and this includes India.

 

Education and health data from 174 countries have been taken in the World Bank's 2020 Human Capital Index. Which covers 98 per cent of the world's population. This data is as of March 2020. In this, education and health facilities are given to the children. According to the Human Capital Index, most countries have achieved normal growth, while growth in low-income countries has been accelerating. However, despite this progress, in an average country, relative to education and health standards, a child can expect to achieve only 56 per cent of its potential human development potential.

 

Meanwhile, World Bank President David Malpass said that apart from increasing poverty and crisis, Coronavirus has also increased inequality globally. The World Bank is working with countries to protect people in this epidemic. He further said that coronavirus has a greater impact on developing countries, due to which the formal and informal markets are almost destroyed. The World Bank reported that there has been a decrease of about 12% in employment during this period. Apart from this, the money and total income sent from abroad has also declined by 11-12%. Malpass further said that the World Bank is helping secure access to equipment and restart distance learning.