India has rejected the findings of the World Bank's Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various considerations.
The Indian finance ministry rejected the index through a statement issued on Thursday, reports NDTV.
"There are serious reservations about the advisability and utility of this exercise of constructing the index," the statement said.
"There are major methodological weaknesses, besides substantial data gaps," the government said.
"The government of India, therefore, has decided to ignore the HCI and will continue to undertake its path-breaking programmes for human capital development aiming to rapidly transforming quality and ease of life for all its children," the statement added.
The World Bank unveiled the HCI on Thursday that was constructed for 157 countries.
It claims to seek to measure the amount of human capital that a child born today can expect on attaining the age of 18.
The HCI index values are contended to convey the productivity of the next generation of workers, compared to a benchmark of complete standard education and full health.
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