India has rejected the findings of the World Bank's report on Human Capital Index (HCI) which placed the country at the 115th position, lower than Nepal, Sri Lanka, Myanmar and Bangladesh.
The World Bank, in its first report on HCI, ranked 157 economies on parameters like child mortality, health and education.
In a statement released on Thursday, the Finance Ministry said the HCI score for India does not reflect the key initiatives that are being taken for developing human capital in the country.
"The Samagra Shiksha Abhiyan has been launched to focus on access and quality of education for the benefit of 197 million school children.
"Through the Ayushman Bharat Programme, India has now launched the world's largest Health Insurance initiative providing 500 million citizens with adequate health coverage, and transforming 150,000 Health Centres into Wellness Centres to provide comprehensive primary healthcare services," it said.
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.
"In pursuing with the agenda of financial inclusion, the Pradhan Mantri Jandhan Yojana has provided access to formal banking services to over 328 million persons. The share of account ownership among rural adults has more than doubled from 33 per cent in 20...