India ranks below 100 countries on human capital index

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India ranks below 100 countries on human capital index
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India has been ranked at the 105th position globally on a worldwide Human Capital Index; this index measures a country’s ability to nurture, develop and deploy talent for economic growth.

The index, released today by Geneva-based World Economic Forum (WEF), was topped by Finland, with neighbouring country China being placed 71st and Pakistan being ranked lower than India, at 118th place.

A total of 130 countries were ranked in the index, and the WEF says that India has optimised just 57% of its human capital endowment, the reason it got placed at the top of the bottom quartile.

Last year, India was ranked 100th, out of a total of 124 countries.
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"Although the country's educational attainment has improved markedly over the different age groups, its youth literacy rate is still only 90 per cent (103rd in the world), well behind the rates of other leading emerging markets," said the report.

"India also ranks poorly on labour force participation, due in part to one of the world's largest employment gender gaps (121st)," it added.

India also ranks the lowest amongst BRICS countries, with Russia's 28th, China's 71st, Brazil's 83rd and South Africa's 88th.

Looking at the bright side, however, India has ranked better on quality of education system (39th), staff training (46th) and ease of finding skilled employees (45th). This means that "a primary avenue for improvement for the country consists of expanding access to its numerous learning and employment opportunities".

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