About
- The first Human Capital Index was released by World Bank. It measures the amount of human capital that a child born today can expect to attain by age 18. It is a part of World Development Report. As a part of it the World Bank launched a Human capital Project. The HCI has been constructed for 157 countries. Its values are contended to convey the productivity of the next generation of workers, compared to a benchmark of complete standard education and full health. HCI has three components:
-
- Survival as measured by under 5 mortality rate.
- Expected years of Quality-Adjusted School which combines information on the quantity and quality of education.
- Health environment using two proxies
-
- adult survival rates
- the rate of stunting for children under age 5.
Findings
- It measures the Index outcomes for each country as a fraction of maximum value of 1.
- The advanced economies such as North America and Europe mostly have HCI value of above 0.75, while South Asia and Sub Saharan Africa have the lowest HCI among the regions.
- Top-ranked countries:
-
- 1. Singapore
- 2. Japan
- 3. Hong Kong
- 4. Finland
Performance of India
- India is ranked 115th out of 157 countries much below its Asian counterparts such as Nepal, Sri Lanka, Myanmar and Bangladesh.
- HCI for India has been estimated as 0.44.
- A child born in India will be only 44% as productive when She/he grows up as she/he could be if she/he enjoyed complete education and full health.
- The HCI in India for females is marginally better than that for males.
- There has been marked improvement in the HCI components in India over last five years.
- Probability of survival up to age 5: 96 out of 100 children born in India survives to age 5.
- A child who starts school at age 4 can expect to complete 10.2 years of school by her/his 18th birthday.
- Students in India score 355 on a scale where 625 represents advanced attainment and 300 represents minimum attainment.
- Factoring in what children actually learn, expected years of school is only 5.8 years.
- Across India, 83 per cent of 15-year olds will survive until age 60.
- 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.
- HCI for girls is marginally higher than for boys.
What's trending in BankExamsToday
Smart Prep Kit for Banking Exams by Ramandeep Singh - Download here
Join 40,000+ readers and get free notes in your email
- http://www.bankexamstoday.com/2018/12/human-capital-index-2018-highlights.html
No comments:
Post a Comment