Srilanka, Jan. 31 -- Sri Lanka has done much better than India in terms of human development and social indicators but in terms of rapid economic growth, India has outperformed Sri Lanka, said former Chief Economic Advisor to Indian Government Dr. Aravind Subramanian.

He noted that this outperformance has happened despite much poorer human capital outcomes, even though many believe that having a solid human capital base is the foundation for economic growth.

He made these statements at a recent public lecture organised by the Central Bank.

"If human capital did not provide the basis for rapid economic dynamism in Sri Lanka, the opposite was true for India. When economic growth came along, it was this economic growth that had a major i...