India rejects findings of World Bank report on Human Capital Index

Pradhan Mantri Ujjwala Yojana has reduced drudgery and improved the health of about 38 million women by providing them with LPG connection to replace firewood and coke based cooking stoves, it added. Financial inclusion and the Aadhaar identification system has enabled India to make direct cash transfer of about USD 64 billion to citizens, thus improving governance and social protection, it said. “The Government of India, therefore, has decided to ignore the HCI and will continue to undertake its path breaking programme for human capital development aiming to rapidly transforming quality and ease of life for all its children,” it said. The Finance Ministry statement said the government has taken various initiatives for transforming human capital in India touching lives of millions of people living in rural and tribal areas. “The qualitative aspects of improved governance that have a strong correlation with human capital development cannot be and have not been captured by the way the HCI has been constructed,” it said.

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