World Economic Forum Current Affairs

Global Human Capital Index 2017: India ranks 103

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.

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India ranks 90th in terms of energy security, access: WEF Report

India has been ranked at the 90th place in a list of 126 countries on the basis of their ability to deliver secure, affordable and sustainable energy.

It was revealed by Global Energy Architecture Performance Index (GEAPI) Report compiled by World Economic Forum (WEF).

Key facts

  • Top 10 countries in GEAPI Report: Switzerland (1st), Norway (2nd), Sweden (3rd), France (4th), Denmark (5th), Austria (6th), Spain (7th), Colombia (8th), New Zealand (9th) and Uruguay (10th).
  • Among the BRIC nations: Brazil (25th), Russia (52nd), India (90th) and China (94th).
  • The report has noted that major global economies have performed less well on the index with the exception of France which was placed at the 4th place.
  • It also mentioned that large emerging economies are pressed both by the build resilient and sustainable energy architecture and need to support economic growth.
  • Over the last decade, world energy production and imports rose by 3,200 million tonnes of oil equivalent and was driven by boom in the Asian economies and led by China and India.
  • Fuel trade patterns: They have dramatically changed during the last decade.
  • Asia accounted for 35% of the world fuel trades in 2014, increased by 15% as compared to 20% of the world fuel trades in 2004.
  • Regarding India: The report has noted that India is facing a vast array of challenges in the power sector in order to meet its growth targets.
  • However electrification appears to have progressed in India. The proportion of the population covered in electrification in the past 6 years has increased by 4% points to 79%.

GEAPI Report: It was prepared in collaboration with Accenture. It has explored the energy architecture of 126 countries. It is based on their ability to provide energy access across three dimensions of energy triangle viz. affordability, security, environmental sustainability and access.

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