The Human Capital Index report of World Bank among other things finds out whether early health care and education can prepare the children in becoming successful and prosperous adults in this changing world. In the field of education the following three indicators are vital to take into consideration while preparing the report.
Expected Years of School:
This means the total years a child can spend in school till they attain the age of 18 years in the country they reside assuming they start preschool at the age of 4.
Statistics reveal that the South Asia average is 10.5 while the worldwide average is 11.2. India stands at 10.2 with girls at 10.3 and boys 10.1
Harmonized Test Scores:
This combines data from major international student achievement testing programmes into common units. Score 300 means minimal attainment and 625 means advanced attainment. India has scored 355. Girls are stand at 362 and boys at 347.
Learning-Adjusted Years of School:
This indicator discounts time spent in school by a factor measuring how much children learn. It is calculated by multiplying Expected Years of School by Harmonized Test Scores as a fraction of the advanced attainment benchmark score of 625.
On this indicator, India has scored 5.8. The score for girls is 5.9 and for boys is 5.6.
Meanwhile, India has not acknowledged these finding of the world Bank and has decided to go ahead with its programmes for human capital development which aims at transforming the quality and ease of life for its children, said the finance minister in a statement.