In World Bank’s first Human Capital Index (HCI) report, India has been placed at the 115th position. It’s rank is lower than that of Bangladesh, Myanmar Nepal and Sri Lanka.
The report has constructed the index for 157 countries and aims at measures the amount of human capital that a child born today can expect to attain by age 18.
It conveys the productivity of the next generation of workers compared to a benchmark of complete education and full health.
The report has taken into consideration five indicators: the probability of survival to age five, a child’s expected years of schooling, harmonized test scores as a measure of quality of learning, adult survival rate (fraction of 15-year olds that will survive to age 60), and the proportion of children who are not stunted.
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According to the report, the state of Human Capital in India is:
- Human Capital Index: A child born in India today will be 44 percent as productive when she grows up as she could be if she enjoyed complete education and full health.
- Probability of Survival to Age 5: 96 out of 100 children born in India survive to age 5.
- Expected Years of School: In India, a child who starts school at age 4 can expect to complete 10.2 years of school by her 18th birthday.
- Harmonized Test Scores: Students in India score 355 on a scale where 625 represents advanced attainment and 300 represents minimum attainment.
- Learning-adjusted Years of School: Factoring in what children actually learn, expected years of school is only 5.8 years.
- Adult Survival Rate: Across India, 83 percent of 15-year olds will survive until age 60. This statistic is a proxy for the range of fatal and non-fatal health outcomes that a child born today would experience as an adult under current conditions.
- Healthy Growth (Not Stunted Rate): 62 out of 100 children are not stunted. 38 out of 100 children are stunted, and so at risk of cognitive and physical limitations that can last a lifetime.
The report also mentions that the HCI for girls is higher than for boys in India.
On the other hand, Singapore topped the poll followed by South Korea, Japan, Hong Kong and Finland.