India was ranked low at 105th position out of 130 countries globally on the 2016 Human Capital Index (HCI), which was recently released in the World Economic Forum (WEF) report.
The report was released by Geneva-WEF in the Chinese city of Tianjin at its Annual Meeting of New Champions which is also known as `Summer Davos’ summit.
Top 10 countries in 2016 HCI: Finland (1st position), Norway (2nd), Switzerland (3rd), Japan (4th), Sweden (5th), New Zealand (6th), Denmark (7th), Netherlands (8th), Canada (9th) and Belgium (10th).
India’s Neighbors: Sri Lanka (50th), China (71st), Bhutan (91st), Bangladesh (104th), Nepal (108th) and Pakistan (118th).
India has optimised just 57% of its human capital endowment. Its youth literacy rate is still only 90% (103rd in the world). In case of labour force participation, India ranks low as it has world’s largest employment gender gaps (121st).
The Human Capital Index measures countries’ ability to nurture, develop and deploy talent for economic growth. It is based on 46 indicators about how well countries are developing and deploying their human capital, focusing on education, skills and employment.
The WEF report of HCI presents an analysis by focusing on a number of key issues that can support better design of education policy and future workforce planning.