▪️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.
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