Human Capital Index 2018: Highlights

December 27, 2018 Share Like Labels: bet

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.

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

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.

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