By NewsGram Staff Writer
India ranks a dismal 100 on a global Human Capital Index which measures the countries in terms of the economies leveraging their human capital, according to World Economic Forum (WEF).
While India has been positioned almost at the bottom of the list, Finland has been given the top position, followed by Norway, Switzerland, Canada, Japan, Sweden, Denmark, Netherlands, New Zealand and Belgium. According to the report, even other developing countries like Russia (26th), China (64th), Brazil (78th) and South Africa (92nd) are placed above India.
The countries with a better rank than India also include Kazakhstan, Armenia, Kyrgyz Republic, Chile, Philippines, Serbia, Mongolia, UAE, Macedonia, Sri Lanka, Azerbaijan, Tajikistan, Mauritius, Barbados, Brazil, Guatemala, Bhutan, Honduras, Cambodia, Tunisia and Bangladesh.
The list has been prepared based on 46 indicators about “how well they are developing and deploying their human capital, focusing on education, skills and employment,” WEF report said.
“It aims to understand whether countries are wasting or leveraging their human potential,” it added.
The report said that it was observed through the list that 14 countries have achieved 80% human capital optimization, while 38 countries score between 70 to 80%. Moreover, 40 countries score between 60 to 70%, 20 countries between 50 to 60% and 9 countries reside below 50%.
In the most populous regions like Asia and the Pacific, there’s a huge disparity between the highest and lowest performing countries.