Human Capital Index (HCI)

▪️The World Bank released its first report on the Human Capital Index (HCI) as part of the World Development Report 2019.

▪️The theme of the World Development Report (WDR) this year is “The Changing Nature of Work”.

▪️Human Capital Index (HCI) has placed India at the 115th position, lower than Nepal, Sri Lanka, Myanmar, and Bangladesh.

Parameters used in HCI The HCI has three components:

▪️Survival, as measured by under-5 mortality rates

▪️Expected years of Quality-Adjusted School which combines information on the quantity and quality of education:

▪️quality is measured by harmonizing test scores from major international student achievement testing programs  quantity from the number of years of school that a child can expect to obtain by age 18 given the prevailing pattern of enrolment rates across grades in respective countries

▪️Health environment is measured by adult survival rates the rate of stunting for children under age 5.