India ranked low 103rd out of 130 countries surveyed on World Economic Forum’s (WEF) Global Human Capital Index (GHCI) 2017. In the previous edition, India ranked 105th.
The GHCI measures countries’ ability to nurture, develop and deploy talent for economic growth against four key areas of human capital development; Capacity (determined by past investment in formal education), Deployment (accumulation of skills through work), Development (reskilling and continued upskilling of existing workers) and know-how (specialised skills-use at work).
Key Highlights of 2017 GHCI
Top 10 countries: Norway (1st), Finland (2nd), Switzerland (3rd), United States (4th), Denmark (5th), Germany (6th), New Zealand (7th), Sweden (8th), Slovenia (9th) and Austria (10th).
Among BRICS: India is ranked lower than its BRICS peers. Russia (16th), China (34th), Brazil (77th) and South Africa (87th).
Among South Asian countries: India was ranked lower than Sri Lanka (70) and Nepal (98). But it ranked higher than neighbouring Bangladesh (111) and Pakistan (125).
India related Facts: In terms of development of skills needed for the future India ranks 65th. However, India ranks lower because of number of factors. It ranks lowest (last) in world when it comes to employment gender gap. It also ranks low 110th in educational attainment (primary education attainment among 25 -54 year olds) and low deployment of its human capital, meaning the skills available are not getting put to good use. India ranks 118 for labour force participation among the key 35-54 year old demographic, means that too many Indians are engaged in informal or subsistent employment.