The importance of human capital in fostering the economic growth is well documented by the endogenous growth theorists. While there is a lot of debate as to what constitutes the human capital? It is universally acclaimed that primary education is always the basic pillar in human capital formation. The problem of the less developed countries (LDCs) is not only their low income, but also the low quality of education they impart. India has also suffered due to faulty education system. We try to understand the various aspects of the delivery mechanism in the public primary education system and correlate efficiency in the education system with broad parameters of health and economic well being simultaneously, in the Indian context. The empirical work is based on DISE data and DLHS data.