[INDIAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian economic news to share with you which is as undermentioned.
New Delhi: The government has raised “serious reservations” over the first Human Capital Index (HCI) compiled by the World Bank as part of the World Development Report 2019.
India is ranked at 115 position in the index with its score of 0.44 on a scale of 0 to 1 coming even below the average score for South Asia. In a strongly worded statement the finance ministry has questioned HCI that ranked Singapore on top with a score of 0.88. “There are serious reservations about the advisability and utility of this exercise of constructing HCI. There are major methodological weaknesses, besides substantial data gaps,” the ministry said.
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