World Bank released the Human Capital Index (HCI) report for 2020. The index benchmarks key components of human capital across countries.
- India has been ranked at the 116th position in the HCI 2020.
Key Points
- Human Capital: It consists of the knowledge, skills, and health that people accumulate over their lives, enabling them to realize their potential as productive members of society.
- Parameters Used in HCI: The HCI 2020 includes health and education data of children for 174 countries up to March 2020. Thus providing a pre-pandemic baseline.
- It covers 98% of the world’s population.
- Last year India was ranked 115 out of 157 countries. This year India finds itself at 116th from among 174 countries. However, India’s score increased to 0.49 in 2020 from 0.44 in 2018.
- Recent Initiatives by India to Strengthen Human Capital: