Revision as of 19:08, 1 July 2016

2015

Human Capital Index: 2015

The Times of India, May 15 2015

India ranks 100th on human capital index

India has been ranked at a lowly 100 position on the global Human Capital Index, which measures countries on development and deployment of human capital. Finland has topped the 124-nation list.

WEF said the list has been compiled on the basis of 46 in dicators about “how well countries are developing and deploying their human capital, focusing on education, skills and employment“.

On India, the report said that although the educational attainment has improved markedly over different age groups, its youth literacy rate is still only 90%, well behind the rates of other emerging economies. “India also ranks poorly on labour force participation rate due to its large informal sector,“ WEF added.

Among BRICS nations, Russia comes on the top at 26th position, followed by China (64), Brazil (78) and South Africa (92).

WEF said 14 countries have reached 80% human capital optimisation while 38 score 7080%. An additional 40 countries are somewhere between 60% and 70% while 23 countries score 50-60% and nine remain below the 50% mark.

In Asia and the Pacific the spread between the highest and lowest performing countries is among the widest.

After Japan, the best-performing countries are New Zealand (9), Australia (13) and Singapore (24) while Nepal (106), Myanmar (112) and Pakistan (113) occupy the lowest positions.

2016

The Times of India, Jun 29 2016

India was ranked low at 105th position globally on a worldwide Human Capital Index, which measures countries' ability to nurture, develop and deploy talent for economic growth.Finland topped the list. India ranks much below China's 71st position while Bangladesh, Bhutan and Sri Lanka are also placed higher on the index released by Geneva-based World Economic Forum (WEF) in the Chinese city of Tianjin at its Annual Meeting of New Champions -also known as `Summer Davos' summit.

Pakistan ranks further lower at 118th place. Giving India 105th rank out of the total 130 countries included in the index, WEF said the country has optimised just 57% of its human capital endowment -placing it in the top of the bottom quartile of the index.

India was ranked 100th in 2015 out of total 124 countries.

“Although the country's educational attainment has improved markedly over the different age groups, its youth literacy rate is still only 90% (103rd in the world),“ it added.

“India also ranks poorly on labour force participation, due in part to one of the world's largest employment gender gaps (121st).“

On positive side, India has got better rankings on quality of education system (39th), staff training (46th) and ease of finding skilled employees (45th) indicators. This suggests “a primary avenue for improvement for the country consists of expanding access to its numerous learning and employment opportunities“.

Thereport also showed that India had the largest share in the “global distribution of tertiary degree holders“ at nearly 78 million while it was second largest after China on global distribution of recent graduates in STEM subjects (science, technology , engineering and mathematics) at about 2.5 million. Finland, Norway and Switzerland hold the top three positions, utilising around 85% of their human capital.

Among BRICS countries, India is ranked lowest as against Russia's 28th, China's 71st, Brazil's 83rd and South Africa's 88th