Marked Improvement Noted In Human Capital Index Components For India Over Last Five Years

There has been marked improvement in the World Bank' Human Capital Index (HCI) components for India the last five years, according to a latest update from the Ministry of Finance. The World Bank released a HCI as part of the World Development Report 2019 yesterday. The HCP programme is claimed to be a program of advocacy, measurement, and analytical work to raise awareness and increase demand for interventions to build human capital.

There are three components of HCP- a cross-country human capital measurement metric called the Human Capital Index (HCI), a programme of measurement and research to inform policy action, and a programme of support for country strategies to accelerate investment in human capital. The HCI has been constructed for 157 countries. It claims to seek to measure the amount of human capital that a child born today can expect to attain by age 18.
The HCI index values are contended to convey the productivity of the next generation of workers, compared to a benchmark of complete standard education and full health.

Here are the key pointers for India from the update:

Human Capital Index: A child born in India today will be only 44% as productive when she grows up as she could be if she enjoyed complete education and full health. The HCI in India for females is marginally better than that for males. Further, there has been marked improvement in the HCI components in India over the last five years.

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% of 15-year olds will survive until age 60.
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.

Gender Differences: In India, HCI for girls is marginally higher than for boys.

Powered by Capital Market - Live News