India ranks 116 in the World Bank’s Human Capital Index

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Last year, India had expressed “serious reservations” on the human capital index, in which India was ranked 115th out of 157 countries. This year India is 116th out of 174 countries.

Asked about India’s objections last year, Roberta Gatti, chief economist at the Human Development Bank, told reporters her team had worked with countries to improve the quality of data to make it a better clue for everyone.

“An index opens the conversation, and what we’ve been discussing with our client countries is that whatever is in the index matters, but not everything that matters cannot be in the index,” he said. she declared.

“We worked very directly with some of our client countries to use the index as a way to improve measurement, and India was exactly one of those cases,” Gatti said.

Responding to questions, Mamta Murthi, Vice President, Human Development, World Bank Group, told reporters that the Human Capital Index provides a basis on which the Indian government can prioritize and a dimension to support capital. human. Considering the progress that has been made in recent times, this seems important at the moment due to COVID-19. The Bank is working with the Indian authorities to support the livelihoods of the poor, which is very important, she said.

World Bank President David Malpass said the coronavirus has worsened inequalities around the world, in addition to increasing poverty and distress. “We are working with countries to try to protect people during the crisis and also invest in them so that we can see the recovery and lay the foundations for future inclusive growth,” he said.

The impact of COVID-19, on developing countries in particular, has been harsh, Malpass said, adding that there was a collapse of the formal and informal market, and that there was also a social safety net. very limited. The World Bank, he said, estimates a 12% drop in employment.

There has been a significant drop in remittances and total income is down 11 or 12 percent. All of this, he said, is likely to have a disproportionate effect on the poor and on women. India, he said, is having “a severe impact” from COVID-19.

Malpass said there is a double inequality in this crisis. “One is that developing countries are more left behind. And within developing countries, the poor are more left behind.” Our concern right now with the pandemic is the subtractions or challenges that faces the creation of human capital in this environment, “he said.

He added that “countries are increasingly reporting cuts in essential health services. Eighty million children do not receive essential immunizations. Most of the more than one billion children have not been to school because of COVID. And it could lose as much. as $ 10 trillion in lifetime income from reduced learning, school closures and the risk of dropping out and disproportionate impact on girls. “

Malpass said the World Bank is working to restart the learning process, including helping countries secure access to equipment, aiding reopening and distance learning.


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